TPG-Axon offshoot Soroban speeds to $1.1 billion

By Lawrence Delevingne

Wed Apr 6, 2011

Assets have streamed in since November thanks to pedigree and performance.

Soroban Capital Partners, the long/short equity firm run by former executives of TPG-Axon Capital, is managing more than $1 billion less than six months after launching.

The firm began trading on November 1 with $130 million, reached $500 million in February, and hit $800 million by March 1. As of April 1, the firm was managing $1.1 billion.

Soroban’s fundraising success is unusual amid a still difficult environment for new funds. The 59 new American hedge funds that started in 2010 and ended the...

ISSN: 2151-1845 / CDC10004H

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates

Popular Searches on HFI