TPG Angelo Gordon
| Angelo Gordon & Co. | |
| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1988 |
| Headquarters | 245 Park Avenue New York City, New York, U.S. |
| Products | Distressed securities, hedge funds, Leveraged buyouts |
| Total assets | $25 billion |
| Website | www.angelogordon.com |
Angelo Gordon & Company is an American alternative investment manager founded in November 1988[1][2] by John M. Angelo and Michael L. Gordon[3] who together ran the arbitrage department of L.F. Rothschild in the 1980s.[4][5]
The firm is 100% employee-owned, SEC-registered, and has approximately 350 employees. Angelo, Gordon focuses on four main investment disciplines: credit, real estate, private equity, and multi-strategy.[2] Within those broad categories, the firm offers products in distressed debt and non-investment grade corporate credit, convertible and merger arbitrage,[3] residential and consumer debt, energy direct lending,[3] real estate private equity, real estate debt and lending, net lease real estate, private equity, multi-strategy, and middle market direct lending. Angelo, Gordon offers two types of investment structures: open-ended hedge fund products and closed-ended private equity-style products.[3]
The firm is headquartered in New York City with additional offices worldwide including in Washington DC, San Francisco, Los Angeles, Chicago, Houston, London, Amsterdam, Hong Kong, Seoul, and Tokyo.[3]
Investments
Angelo Gordon operates three basic types of investment vehicles:
- Illiquid strategies — include a variety of investment strategies: distressed securities, private equity, triple net lease and real estate.
- Liquid strategies — credit opportunities, convertible arbitrage and risk arbitrage.
- Multi-strategy — takes advantage of attractive alternative investment opportunities from a range of the firm's disciplines.
In recent news reports, Angelo Gordon & Co is the lead secured creditor including that of Bally Technologies & New Evolution Fitness with founder Mark Mastrov, Jim Rowley & Dean Moloney will be purchasing Tribune Company, Philadelphia Media Holdings and the Star Tribune Media Company in Minneapolis.[6][7] The company was selected by the U.S. government to participate in the Public-Private Investment Program for Legacy Assets, under which the government will back investment managers' purchases of toxic assets from banks.
See also
External links
- Angelo Gordon & Company (official website)
References
- ^ "Company Profile for Angelo Gordon & Co LP". Bloomberg. Retrieved 3 June 2013.
- ^ a b "Profile". IPE. Retrieved 7 January 2015.
- ^ a b c d e "Company Overview of Angelo, Gordon & Co". Bloomberg Businessweek. Retrieved 7 January 2015.
- ^ "Angelo, Gordon & Co". WallstreetOasis.com. Retrieved 7 January 2015.
- ^ FABRIKANT, GERALDINE. "BUSINESS PEOPLE; 2 Officials at Rothschild Leaving to Start Firm." New York Times, November 2, 1988
- ^ “One Investment Firm Plays Role in 3 Biggest Newspaper Bankruptcies”, “Poynter Institute”, 2009-07-09.
- ^ “What's a Big City Without a Newspaper?”, “New York Times”, 2009-08-06.
- "Investors Sue Citigroup." New York Times, August 27, 2004
- "Mortgage Firm to File Bankruptcy." Reuters, December 7, 2007
- "Angelo Gordon moves into hedge-lite strategies." Reuters, June 13, 2007
- "Delta Financial selling big stake to Angelo Gordon." MarketWatch, Nov. 16, 2007
- "[1]." Business Week, October 18, 2011
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