Arena Investors
| File:Arena Investors Logo.png | |
| ISIN | 🆔 |
|---|---|
| Industry | Financial services |
| Founded 📆 | 2015 |
| Founder 👔 | |
| Headquarters 🏙️ | , New York, NY , USA |
Area served 🗺️ | |
Key people | Dan Zwirn |
| 💎 AUM | $1 billion |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Arena Investors is a global investment firm and merchant capital provider.[1]
History[edit]
The firm was created by Daniel B. Zwirn[2] and Canadian investment company Westaim Corporation in 2015.[1] Westaim also established and capitalized Arena Finance Company to buy and originate commercial and real estate loans.[1] The firm’s name derives from the "Man in the arena" passage from the 1910 speech Citizenship in a Republic by Theodore Roosevelt.
In March of 2017, Arena co-led an investment group that funded the acquisition of AC Milan, in which the firm continues to hold a 4% ownership position.[3] In late 2017, Arena led the investment group providing $50 million to FilmRise, the indie film and TV distributor.[4] According to Westaim’s 2017 report to shareholders, Arena’s AUM “finished the year at $760 million, up from $380 million a year ago”.[5]
In September 2018, FirePower Capital entered into a joint venture with Arena Investors to offer FirePower Capital's debt financing product to entrepreneurs in Canada.[6] In 2018, Bloomberg News reported that Arena “manages about $1 billion in investments.”[7]
In June 2018, Horizon Technology Finance created a joint venture with Arena Investors to create Horizon Secured Loan Fund I LLC (HSLF) which is controlled and owned equally between the two. [8][9]
In 2019, Arena Investors won the Direct Lending Fund category award at the 2019 Alt Credit US Performance Awards.[10]
People[edit]
Daniel B. Zwirn serves as the CEO and CIO. He is a regular guest on Bloomberg Markets[11] and Bloomberg Daybreak: Europe[12] among others. From 2001 through mid-2009, Zwirn founded and managed D.B. Zwirn & Co., of which he was Managing Partner and CIO.[13][14] Through its operations, DBZ managed up to $6 billion of assets.[15]
J. Cameron MacDonald[16], CEO of The Westaim Corporation[17] (TSXV: WED), based in Toronto, serves as the firm’s Chairman.
In 2018, Arena recruited Parag Shah.[18] According to The Wall Street Journal, Shah served 15 years assisting Bridgewater Associates in its fund-raising.[19]
References[edit]
- ↑ 1.0 1.1 1.2 Stevenson, Alexandra (30 August 2015). "Daniel Zwirn Forges Partnership With Canadian Investment Firm". New York Times. Retrieved 22 March 2019.
- ↑ "Executive Profile". Bloomberg. Retrieved 22 March 2019.
- ↑ Mesco, Manuela (13 April 2017). "Berlusconi Completes Sale of AC Milan Soccer Club to Chinese Investor". The Wall Street Joiurnal. Retrieved 22 March 2019.
- ↑ Kilday, Gregg (6 September 2017). "FilmRise Secures $50 Million in New Financing". The Hollywood Reporter. Retrieved 22 March 2019.
- ↑ "The Westaim Corporation Reports 2017 Fourth Quarter Results". Newswire. Cision. Retrieved 22 March 2019.
- ↑ "Behind The Joint Venture With FirePower Capital". CVCA Central is the official publication of the Canadian Venture Capital and Private Equity Association (CVCA). 2018-10-18. Retrieved 2019-07-01.
- ↑ Harrington, Shannon (11 July 2018). "Titans of Junk: Behind the Debt Binge That Now Threatens Markets". Bloomberg. Retrieved 22 March 2019.
- ↑ INVESTSIZE, Organization:. "U.S. Horizon Technology establishes joint venture with Arena Investors". INVESTSIZE. Retrieved 2019-07-01.
- ↑ Seay, Gregory (July 1, 2019). "Horizon Tech sets $300M investment pool". Hartford Business.
- ↑ "Arena Investors Wins Alt Credit "Direct Lending Fund" Award". article.wn.com. Retrieved 2019-07-01.
- ↑ Arena Investors CEO Sees Numerous Triggers for Next Credit Crisis, retrieved 2019-07-01
- ↑ Leveraged Loans Are Way Beyond Where They Need to Be, Says Arena Investors’s CEO, retrieved 2019-07-01
- ↑ Whitehouse, Kaja (28 February 2013). "A comeback kid". New York Post. Retrieved 22 March 2019.
- ↑ "Dan Zwirn Prepares To Profit From Coming "Tidal Wave Of Consumer Debt Charge-Offs"". Zero Hedge. Retrieved 2019-04-09.
- ↑ Alloway, Tracy (2 March 2016). "Pimco's Jon Short Leaving to Join Zwirn's Arena Hedge Fund". Bloomberg. Retrieved 22 March 2019.
- ↑ "Executive Profile". Bloomberg. Retrieved 22 March 2019.
- ↑ "Westaim Corporation website". Retrieved 22 March 2019.
- ↑ Williamson, Christine (5 April 2018). "Arena Investors brings on former Bridgewater head of marketing". Pensions & Investments. Retrieved 22 March 2019.
- ↑ Coopeland, Rob (11 October 2017). "Bridgewater Associates Executive Parag Shah Is Latest to Leave in Shake-Up". The Wall Street Journal. Retrieved 22 March 2019.
External links[edit]
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