D1 Capital Partners
US$24 billion (2022)[3] | |
Number of employees | 65 (2022) |
---|---|
Footnotes / references [4] |
D1 Capital Partners is an American
Background
D1 Capital Partners was founded in July 2018 by Daniel Sundheim,
The firm originally managed $3 billion of capital, which rose to $20 billion by the end of 2020 with annualized returns of nearly 30%.[9] D1 returned 60% in 2020.[8]
In January 2021, the firm lost $4 billion (20% of its capital) due to the GameStop short squeeze.[8] As of April 2021, D1 recouped about 90% of its loss in January.[9]
In June 2021, the firm signed a 10-year lease to open another office in Miami, Florida.[11]
In May 2022, It was reported that the fund lost 23% of its value since the start of the year, with its public equities strategy losing 44%.[12]
Business Overview
D1 Capital Partners focuses on companies within the
Regarding the public markets, the firm invests in publicly traded equities and other related securities such as
Regarding the private markets, the firm primarily focuses on taking later-stage
References
- ^ a b c Levy, Rachael (November 5, 2018). "D1 Capital Partners, a New Hedge Fund, Falters". Wall Street Journal.
- ^ "Hedge Fund Leases Full Floor Office Space at 9 West 57th Street". Hedge Fund Office Spaces. November 10, 2017.
- ^ "Hedge Fund D1 Borrowed Billions for a Hot Bet That Now Faces Reckoning". Bloomberg.com. June 8, 2022.
- ^ "FORM ADV" (PDF). SEC.gov.
- ^ "NBA Board of Governors Approves Sale". ESPN.
- ^ "Daniel Sundheim Is Planning to Raise $4 Billion Cap for New Hedge Fund". Bloomberg.com. April 17, 2018.
- ^ "1997 Letter to Shareholders - Amazon" (PDF). Amazon.com. April 17, 2017.
- ^ a b c "Dan Sundheim's $20 Billion D1 Capital Loses About 20% This Month". Bloomberg.com. January 28, 2021.
- ^ a b c "Sundheim's D1 Shakes Off Its $4 Billion Reddit-Fueled Fiasco". Bloomberg.com. April 21, 2021.
- ^ "Tiger Cubs Crushed by Same Stocks That Made Hedge Funds Billions". Bloomberg.com. May 13, 2022. Retrieved June 9, 2022.
- ^ "D1 Capital Partners Signs 10-Year Lease to Open Miami Location". Commercial Observer. June 7, 2021. Retrieved June 9, 2021.
- ^ "Hedge Fund D1 Borrowed Billions for a Hot Bet That Now Faces Reckoning". Bloomberg.com. June 8, 2022. Retrieved June 9, 2022.
- ^ "D1 Capital Partners Review - SmartAsset | SmartAsset.com". SmartAsset.
- ^ "Sundheim Is Said to Plan $4 Billion Cap as New Fund Lures Cash". BloombergQuint.
- ^ "Robinhood raises $200M as IPO speculation swirls". Fortune. Retrieved May 7, 2021.
- ^ "GitLab hauls in $268M Series E on 2.75B valuation". TechCrunch. September 17, 2019. Retrieved May 7, 2021.[permanent dead link]
- ^ Instacart. "Instacart Announces $600 Million in New Funding Led by D1 Capital Partners". www.prnewswire.com. Retrieved May 7, 2021.
- ^ Meir Orbach (January 27, 2021). DriveNets raises $208 million in series B round, attains unicorn status. Calcalist.