eBay billionaire backs ex-Karsch PM's credit launch
By Rob Copeland
Thu Apr 4, 2013
Jame Donath's Magnolia Road Capital nears May start with seed capital from Capricorn Investment Group.
A new credit-focused firm, Magnolia Road Capital, is planning to launch next month with seed capital from Capricorn Investment Group, the multifamily office founded by Jeff Skoll, eBay's first full-time employee, according to people familiar with the firm's plans.
Founder Jame Donath was previously a portfolio manager at Karsch Capital Management and Davidson Kempner Capital Management. The New York firm will take an event-driven bent to global credit, with investments in corporate bonds and related securities, and significant exposure...
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