Hedge Fund and Insider Trading News: Steve Cohen, Ken Griffin, Starboard Value, Angelo Gordon & Co., Ancora Advisors, Smartsheet Inc (SMAR), and More

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Angelo Gordon’s Twin Brook Capital Partners Commits Record $3.5 Billion to Private Equity-Backed Healthcare Transactions In 2021 (BusinessWire)
NEW YORK & CHICAGO–(BUSINESS WIRE)–Twin Brook Capital Partners (“Twin Brook” or the “Firm”), the middle market direct lending subsidiary of Angelo Gordon, today announced that it committed $3.5 billion to private equity sponsors in support of healthcare transactions last year, completing 60 healthcare transactions across 33 subsectors. The Firm served as lead agent on nearly all the healthcare transactions it supported in 2021, which included 28 new platform financings and 32 add-on financings. An experienced lender in the space, Twin Brook has deployed over $6.5 billion across 169 middle market healthcare transactions since inception.

Point72 Ventures is Using its Fintech Playbook to Evaluate Potential Crypto Investments. Here’s How Steve Cohen’s Firm is ‘Building Bridges’ to Web 3.0. (Business Insider)
Billionaire Steve Cohen‘s Point72 Ventures is a growing player in the crypto space. Adam Carson leads Point72 Ventures’ crypto strategy, which has made five investments in nine months. Carson walked Insider though the firm’s process for sourcing and valuing different investments. Last year, billionaire Point72 founder Steve Cohen went to his venture capital unit and said he was ready to start investing in crypto.

Activist Hedge Fund Starboard Nominates Four Directors to Huntsman Board (Reuters)
Jan 12 (Reuters) – Activist hedge fund Starboard said on Wednesday it has nominated four directors to chemicals maker Huntsman Corp’s board at the company’s 2022 annual meeting of shareholders.

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Ken Griffin’s Fortune Soars to $28 Billion on Citadel Securities Deal (Bloomberg)
Ken Griffin has for years been one of the wealthiest people on the planet thanks to his hedge fund’s success. Now it’s his powerhouse market maker that’s driving the bulk of his fortune to new heights. The billionaire sold a $1.15 billion stake in Chicago-based Citadel Securities to Sequoia Capital and Paradigm, valuing the firm at approximately $22 billion. After the outside investment, Griffin, 53, will own roughly 80% of the trading business, worth about $17.5 billion.

2022 Preqin Global Hedge Fund Report (Preqin)
The 2022 Preqin Global Hedge Fund report is the industry’s most complete and in-depth annual review. Hedge fund assets under management passed the $4tn milestone last year, reaching $4.32tn as of September. Investors rewarded the industry for its performance through turbulent markets, with an additional $41bn of inflows in Q1-Q3.

Madison Realty Capital Closes $2bn Fifth Fund (Opalesque)
Madison Realty Capital, a vertically integrated real estate private equity firm focused on bond and equity strategies, announced the final close of Madison Realty Capital Debt Fund V, raising $2.08bn in equity commitments, exceeding the fund’s $1.75bn target. Fund V received significant support from existing investors as approximately 70% of the institutional LPs in Madison’s prior fund re-upped into Fund V, said a press release from the New York-based nonbank lender that manages approximately $8 billion in total assets on behalf of a global institutional investor base.

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