Farallon Capital Management

Farallon Capital Management employs a flexible, multi-strategy investment approach, adapting to changing market conditions and investment opportunities across various asset classes. The firm continuously refines its investment strategies, processes, and structure, fostering innovation and successful competition. Their organizing principle revolves around aligning interests and values, focusing on building enduring relationships with long-term investors and within their team. The senior investment team boasts an average tenure of 19 years at Farallon, indicative of the firm's stability and commitment to its employees. Founded in 1986 by Thomas Steyer, Farallon initially focused on merger arbitrage before expanding into credit, liquidations, real estate, and direct investments. They were early movers in developing a credit strategy ahead of the junk bond market collapse in 1988 and subsequently capitalized on the LBO and S&L crises in the early 1990s by developing liquidation and real estate strategies. Their direct investment capability, initiated in 1994, concentrated on illiquid special situations, later extending to Asia with a milestone investment in Bank Central Asia in 2002. Healthcare and Brazilian special situations were added in 2013 and 2014, respectively. More recently, they've leveraged local investment experience to support corporate governance reforms in Japan and expanded their Real Estate Credit strategy. Farallon has expanded its global presence with offices established in London (1998), Singapore (2002), Hong Kong (2006), Tokyo (2010), São Paulo (2011), and New York (2022). They emphasize deepening capabilities through their people, processes, and culture, with initiatives such as appointing co-Managing Partners, enhancing investor transparency, refining risk management, and forming a Global Investment Committee for Direct Investments. Leadership succession was completed in 2012 with Thomas Steyer's retirement, and they've launched undergraduate investment case competitions, developed in-house data science capabilities, and initiated knowledge management and digital transformation programs.

Merger arbitrage, Credit, Liquidations, Real Estate, Direct Investments, Special Situations, Corporate Restructurings, Long/Short Equity, Healthcare

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