Get to Know SkyBridge Capital: Crunchbase Investor Profile & Investments

DIGITAL MONEY NEWS- A well-established asset management firm, SkyBridge Capital has been in business since 2005 and employs over 80 people across the world. 

Based in New York City, the company launched with seed funding of $1 billion from its founders. Since then, it has been growing steadily and currently manages over $12 billion assets across various funds. 

To learn more about SkyBridge Capital and its fund investments, check out this Crunchbase profile page . If you’re looking to start your own business, Crunchbase can help you find the right tools and investors to get off on the right foot.

Introduction

SkyBridge Capital was founded in 2005 by the current chairman, Anthony Scaramucci, and it currently has $13 billion under management. 

With offices in New York City, Miami, and London, the firm seeks long-term capital appreciation as its chief investment objective. 

The company invests across all major asset classes but has a particular focus on risk arbitrage strategies in which it has excelled with an average annual return of 18% since inception. 

Its expertise is also seen in distressed securities, distressed M&A transactions, and public equity investments. 

In order to provide clients with more opportunities for investment diversification, SkyBridge Capital announced the launch of three new funds last year; a global macro fund (SMPAX), international equities fund (SMPNX), and international fixed income fund (SMPFX). 

These new funds are designed to be managed independently and use different investment approaches. For example, the Global Macro Fund will make directional trades while investing in both stocks and bonds while SMPNX will invest only in stocks but through developed markets.

Team

SkyBridge is a leading global investment firm that specializes in offering alternative assets, such as private equity and hedge funds. The company currently manages approximately $11 billion of capital. 

- The founder and CEO of the company is Anthony Scaramucci, who previously served as a vice president in Goldman Sachs' Hedge Fund Solutions Group for nine years before leaving in 1996 to form his own investment firm. 

He then became the co-managing partner of the $14 billion fund-of-funds business at Lehman Brothers until 2008 when he departed from there as well. 

He has also been featured on shows like Wall Street Week and Bloomberg West. He is an active member of the board of directors at Tufts University and sits on their Investment Committee. 

Mr. Scaramucci was appointed to serve as White House Communications Director in July 2017, but withdrew three days later due to public objections by members of Congress. 

In September 2018, he founded SALT (SkyBridge Alternatives), a high-end conference series where attendees are privy to keynote speakers, thought leaders, and investors. They host conferences in Las Vegas every year.

Advisors

With more than three decades of experience in finance, the CEO and founder of SkyBridge started investing his personal funds in 1983, with two of his Wall Street colleagues. 

Over the course of his career, Mr. Scaramucci has forged a 25-year record as an advisor on both equity and debt transactions. 

His investment portfolio includes a wide range of companies, including AIG, Citigroup, Dow Jones and Merrill Lynch. In addition to its investment management business, SkyBridge has been providing custom asset management services for wealthy families and institutions since 1997. 

Currently, it manages approximately $11 billion worth of assets. The company is also involved in several other ventures that include education, real estate development and sports team ownership. 

Through SkyBridge Alternatives Fund LP, a hedge fund that trades global equities and fixed income instruments, they invest capital across all sectors of the economy. 

Their first fund was set up in 2001 to take advantage of opportunities created by market dislocations during the financial crisis; their second fund was launched after quantitative easing measures were announced by the Federal Reserve in 2010.

In 2014, Deutsche Bank AG agreed to provide co-investment for SKYBGAM’s third fund.

Financials

Launched in 2005, this New York-based global investment firm is a leading manager of alternative assets for high net worth individuals, private equity firms, sovereign wealth funds, and institutions. 

Headquartered in Manhattan with offices in Miami and the Middle East, it is the single largest investor in India's infrastructure space, controlling 40% of the market share. 

The company has raised more than $12 billion in capital from investors such as Saudi Arabia’s Public Investment Fund, China Investment Corporation, Goldman Sachs Asset Management International, Qatar Holding LLC, Temasek Holdings Ltd., 

Abu Dhabi Investment Authority, California Public Employees' Retirement System (CalPERS), Oaktree Capital Management LP, Third Point LLC. 

Its clients have included corporations, governments, state entities, pension plans, endowments and foundations. 

The company was co-founded by former Wall Street executive Jeffrey Skilling, who spent 11 years at Enron before being convicted on 19 counts of fraud and conspiracy in 2006. He is currently serving a 24-year sentence in federal prison. 

SkyBridge was founded by Anthony Scaramucci who previously served as a White House Communications Director under President Trump.

Recent Events

The latest major event involving SkyBridge Capital was in March 2018 when the company announced it had $2.5 billion in liquidity commitments from a wealthy investor looking for higher-yielding debt investments. 

The name of the investor was not revealed. However, this is not the first time that SkyBridge has received large amounts of funding. 

In June 2017, French firm Assurances Generales de France SA committed $1 billion to various funds managed by SkyBridge. 

In July 2017, Blackstone Group LP made an investment with a commitment of up to $10 million and 3% preferred equity interest in Bridge Global Credit. 

The company also completed a refinancing on its US$400 million LIBOR Term Loan B maturing on November 8, 2020. These actions have led to the increase in money available for use at SkyBridge's discretion. 

As a result, the firm has been able to pursue new strategies and opportunities. On August 7th, 2018, the firm announced that it would be partnering with Liquidia Technologies Inc., a Toronto-based enterprise software provider specializing in data migration solutions for regulatory compliance purposes. 

According to SkyBridge CEO Anthony Scaramucci, this partnership will provide great benefits for both parties as they work together to create innovative solutions tailored specifically for financial institutions.***