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.


   
  Jame Donath
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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