White Hat Announces Investment Partnership with Magnetar
White Hat Capital Partners Announces Structured Opportunities Fund in Partnership with Magnetar Capital
Will Provide SMID-Cap Technology Companies Flexible Capital Solutions
NEW YORK--(BUSINESS WIRE)--Technology investor White Hat Capital Partners LP (“White Hat”) announced today the formation of White Hat Structured Opportunities LP (“WHSO”), an investment partnership with Magnetar Capital (“Magnetar”), to provide flexible financing solutions to public technology companies with market values up to $5 billion. WHSO will seek to provide structured investments of $50 to 200 million in mission critical technology companies operating in high value markets.
“In light of tightening financial conditions and a challenging operating environment, we felt the timing was right to establish a fund dedicated to providing significant, customized financing solutions to enhance our hands-on approach to value creation,” commented White Hat Managing Partners Dave Chanley and Mark Quinlan. They continued, “Based on our conversations with issuers, this is a much needed product offering and we believe the marketplace will welcome this capability at White Hat.”
“After several years of close collaboration, we look forward to formally partnering with White Hat to capitalize on the current opportunity set within the small-to-medium-sized technology business space,” said Magnetar Managing Partner Dave Snyderman. “This fund offers a strong platform with ample resources to provide tailored solutions to high quality management teams seeking capital and support to accelerate their value creation initiatives.”
White Hat invests in mission critical semiconductor, services, software and systems companies serving high-value applications within the Aerospace & Defense, Automotive, Communications, Enterprise, Healthcare and Industrial markets. The Firm employs a private equity approach to ownership that seeks to create value through constructive partnership with its portfolio companies. In addition to the expertise of White Hat’s investment team, the Firm leverages the operational experience, technology expertise and relationships of more than 50 C-level technology executives, directors and advisors who are investors in and serve as Strategic Partners to its funds.
About White Hat
Founded in 2016, White Hat Capital Partners LP focuses on concentrated, value-oriented investments in publicly-traded technology companies. White Hat partners with its portfolio companies to improve strategy and capital allocation decisions, implement operational efficiencies and strengthen governance, all with a view toward improving corporate competitiveness and creating shareholder value. The Firm is based in New York. For more information, visit www.whitehatcp.com.
Founded in 2005, Magnetar Capital is a multi-strategy alternative investment manager with approximately $13.2 billion of assets under management as of June 30, 2022. Magnetar seeks to achieve stable risk-adjusted returns by opportunistically employing a wide-range of alternative credit and fixed income, energy and infrastructure, and systematic investing strategies. Magnetar invests across regions and business structures, in both public and private markets, taking advantage of the deep rigor of fundamental and quantitative analysis. The firm is based in Evanston, Illinois, with additional offices in New York, London and Houston. For more information, visit www.magnetar.com.
The above information is not intended to constitute an offer to buy, or a solicitation of any offer to buy, any securities or investment product or other services, including those managed or offered by White Hat Capital Partners LP and Magnetar Capital and should not be relied on for such purpose. An offer or solicitation for any security will be made only through a final private placement memorandum, subscription agreement and other applicable offering documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents.
White Hat Capital Partners LP
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