Some investors said they hope Juul’s actions will reduce youth vaping to a point where an FDA ban on e-cigarettes altogether will be unlikely. But regulation remains a risk for investors. roughly $16 billion valuation last summer. New investors in the round include D1 Capital Partners, the investment firm run by Dan Sundheim, according to Bloomberg, which also reported that “Procore could still go public this year if markets stabilize.” Sundheim sits on the boards of Instacart and Shippo and has made big investments in companies as varied as Gitlab to the aforementioned cold-storage-warehouse owner Lineage Logistics, which the firm has built up a $900 million stake in. Sales of hedge funds are rare, but D1 could be worth at least $200 million — even after discounting for liquidity and “key person risk” — based on its size and strategy, according to valuation multiple estimates provided an equity analyst. As a Bear Stearns analyst, he quietly moved markets while lurking on esoteric investor message boards. During his senior year at UPenn, he also started dating Brett Cohen, his future wife. And that’s not including the value of his equity stake in D1 as the majority owner or money pocketed from performance fees. "I think of Dan like LeBron James. “I wonder if his resting heartbeat is 40. “Dan was, in a super positive way, different than everyone else there,” Rob Lewin, the chief financial officer of KKR who worked with Sundheim at Bear Stearns, said.
He also made one of his first big calls: A 3,400-word exposé on the Orthodontic Centers of America that alleged the company was a fraud and forced it to publish an 8-K responding to the claim. "We can all be looking at the same 10 stocks, but he'll have kind of an intuitive knack for which one the multiple is going to go from 15 times to 25 times.". Sundheim’s long-term investing strategy is one reason he struck out on his own: Viking is not jumping in and out of stocks daily, but Sundheim was on the far end of the firm’s public-investments timeline, sources who worked with him at the fund said. Some investors said they hope Juul's actions will reduce youth No, 'I'm the smartest guy in the room.'
“It’s not like he’s texting me pictures, bragging about a new house he just bought,” he added. A possible deal to sell a significant minority stake to Altria
Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. A Uniform Commercial Code lien filing shows Sundheim has at least 28 other works, including two Cy Twombly pieces sold at auction for $70 million and $50 million, a Willem de Kooning worth $21 million, and three Andy Warhol pieces that went for a combined nearly $50 million. Tiger Global more recently led a fundraising round for Juul in July, when it invested $600 million. since. be unlikely. His superpower is his "uncanny ability to understand what other people are going to be excited about 12 to 18 months from now," the ex-Viking colleague said. Sundheim is not without flaws, of course. The firms’ bets on Juul—described by more than a dozen people familiar with the investments—hold both regulatory and reputational risks given e-cigarettes’ use among youth. Michael Bloomberg; and Valiant Capital Management LP, have While Sundheim is not active in seeking out TV appearances or speaking engagements, Pollock said he believed he’d have a profile similar to Warren Buffett one day, if he keeps it up. Juul has repeatedly denied that it targeted minors. products appeal to minors.
In his limited spare time, he was getting a master class in value investing from Joel Greenblatt's Value Investors Club website — an investing message board that's highly selective about who joins. Some of Sundheim’s top bets at Viking were in financial payments, including Experian and Mastercard, which was “an absolute home run,” according to a former colleague. Even if all of the firm’s investors were in the share class with low management fees, with $15 billion in assets, the firm would bring in $150 million per year before any performance fees. The private portfolio took a hit last year on its Juul position after a regulatory crackdown on vaping, according to Institutional Investor. And while Juul has run into regulatory hurdles in Israel, investors expect significant growth overseas even if the company grows more slowly in the U.S. reproduction of WSJ.com articles that also appeared in the U.S. You can find out more about which cookies we are using or switch them off in settings.
Sundheim was likely already approaching the three-comma club before he even conceived of D1. Which types of acquisition does this organization make most frequently.
He also made one of his first big calls: A 3,400-word exposé on the Orthodontic Centers of America that alleged the company was a fraud and forced it to publish an 8-K responding to the claim. "We can all be looking at the same 10 stocks, but he'll have kind of an intuitive knack for which one the multiple is going to go from 15 times to 25 times.". Sundheim’s long-term investing strategy is one reason he struck out on his own: Viking is not jumping in and out of stocks daily, but Sundheim was on the far end of the firm’s public-investments timeline, sources who worked with him at the fund said. Some investors said they hope Juul's actions will reduce youth No, 'I'm the smartest guy in the room.'
“It’s not like he’s texting me pictures, bragging about a new house he just bought,” he added. A possible deal to sell a significant minority stake to Altria
Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. A Uniform Commercial Code lien filing shows Sundheim has at least 28 other works, including two Cy Twombly pieces sold at auction for $70 million and $50 million, a Willem de Kooning worth $21 million, and three Andy Warhol pieces that went for a combined nearly $50 million. Tiger Global more recently led a fundraising round for Juul in July, when it invested $600 million. since. be unlikely. His superpower is his "uncanny ability to understand what other people are going to be excited about 12 to 18 months from now," the ex-Viking colleague said. Sundheim is not without flaws, of course. The firms’ bets on Juul—described by more than a dozen people familiar with the investments—hold both regulatory and reputational risks given e-cigarettes’ use among youth. Michael Bloomberg; and Valiant Capital Management LP, have While Sundheim is not active in seeking out TV appearances or speaking engagements, Pollock said he believed he’d have a profile similar to Warren Buffett one day, if he keeps it up. Juul has repeatedly denied that it targeted minors. products appeal to minors.
In his limited spare time, he was getting a master class in value investing from Joel Greenblatt's Value Investors Club website — an investing message board that's highly selective about who joins. Some of Sundheim’s top bets at Viking were in financial payments, including Experian and Mastercard, which was “an absolute home run,” according to a former colleague. Even if all of the firm’s investors were in the share class with low management fees, with $15 billion in assets, the firm would bring in $150 million per year before any performance fees. The private portfolio took a hit last year on its Juul position after a regulatory crackdown on vaping, according to Institutional Investor. And while Juul has run into regulatory hurdles in Israel, investors expect significant growth overseas even if the company grows more slowly in the U.S. reproduction of WSJ.com articles that also appeared in the U.S. You can find out more about which cookies we are using or switch them off in settings.
Sundheim was likely already approaching the three-comma club before he even conceived of D1. Which types of acquisition does this organization make most frequently.
He also made one of his first big calls: A 3,400-word exposé on the Orthodontic Centers of America that alleged the company was a fraud and forced it to publish an 8-K responding to the claim. "We can all be looking at the same 10 stocks, but he'll have kind of an intuitive knack for which one the multiple is going to go from 15 times to 25 times.". Sundheim’s long-term investing strategy is one reason he struck out on his own: Viking is not jumping in and out of stocks daily, but Sundheim was on the far end of the firm’s public-investments timeline, sources who worked with him at the fund said. Some investors said they hope Juul's actions will reduce youth No, 'I'm the smartest guy in the room.'
“It’s not like he’s texting me pictures, bragging about a new house he just bought,” he added. A possible deal to sell a significant minority stake to Altria
Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. A Uniform Commercial Code lien filing shows Sundheim has at least 28 other works, including two Cy Twombly pieces sold at auction for $70 million and $50 million, a Willem de Kooning worth $21 million, and three Andy Warhol pieces that went for a combined nearly $50 million. Tiger Global more recently led a fundraising round for Juul in July, when it invested $600 million. since. be unlikely. His superpower is his "uncanny ability to understand what other people are going to be excited about 12 to 18 months from now," the ex-Viking colleague said. Sundheim is not without flaws, of course. The firms’ bets on Juul—described by more than a dozen people familiar with the investments—hold both regulatory and reputational risks given e-cigarettes’ use among youth. Michael Bloomberg; and Valiant Capital Management LP, have While Sundheim is not active in seeking out TV appearances or speaking engagements, Pollock said he believed he’d have a profile similar to Warren Buffett one day, if he keeps it up. Juul has repeatedly denied that it targeted minors. products appeal to minors.
In his limited spare time, he was getting a master class in value investing from Joel Greenblatt's Value Investors Club website — an investing message board that's highly selective about who joins. Some of Sundheim’s top bets at Viking were in financial payments, including Experian and Mastercard, which was “an absolute home run,” according to a former colleague. Even if all of the firm’s investors were in the share class with low management fees, with $15 billion in assets, the firm would bring in $150 million per year before any performance fees. The private portfolio took a hit last year on its Juul position after a regulatory crackdown on vaping, according to Institutional Investor. And while Juul has run into regulatory hurdles in Israel, investors expect significant growth overseas even if the company grows more slowly in the U.S. reproduction of WSJ.com articles that also appeared in the U.S. You can find out more about which cookies we are using or switch them off in settings.
Sundheim was likely already approaching the three-comma club before he even conceived of D1. Which types of acquisition does this organization make most frequently.
The New York-based firm raised several billion dollars, people familiar with the matter said, making it one of the largest hedge-fund launches this year. Coatue has approached its clients about investing in Juul "Good They haven't all been runaway successes. He just doesn't understand cigar-butt stocks," a former Viking colleague said, referring to undesirable cast-off companies. He’s been stung on a few occasions by betting against cheap stocks, including metals and mining shares in 2016 and Chinese real-estate developers, according to people who’ve worked with him. Smokers want to quit, investors say, and Juul's
Some investors said they hope Juul’s actions will reduce youth vaping to a point where an FDA ban on e-cigarettes altogether will be unlikely. But regulation remains a risk for investors. roughly $16 billion valuation last summer. New investors in the round include D1 Capital Partners, the investment firm run by Dan Sundheim, according to Bloomberg, which also reported that “Procore could still go public this year if markets stabilize.” Sundheim sits on the boards of Instacart and Shippo and has made big investments in companies as varied as Gitlab to the aforementioned cold-storage-warehouse owner Lineage Logistics, which the firm has built up a $900 million stake in. Sales of hedge funds are rare, but D1 could be worth at least $200 million — even after discounting for liquidity and “key person risk” — based on its size and strategy, according to valuation multiple estimates provided an equity analyst. As a Bear Stearns analyst, he quietly moved markets while lurking on esoteric investor message boards. During his senior year at UPenn, he also started dating Brett Cohen, his future wife. And that’s not including the value of his equity stake in D1 as the majority owner or money pocketed from performance fees. "I think of Dan like LeBron James. “I wonder if his resting heartbeat is 40. “Dan was, in a super positive way, different than everyone else there,” Rob Lewin, the chief financial officer of KKR who worked with Sundheim at Bear Stearns, said.
He also made one of his first big calls: A 3,400-word exposé on the Orthodontic Centers of America that alleged the company was a fraud and forced it to publish an 8-K responding to the claim. "We can all be looking at the same 10 stocks, but he'll have kind of an intuitive knack for which one the multiple is going to go from 15 times to 25 times.". Sundheim’s long-term investing strategy is one reason he struck out on his own: Viking is not jumping in and out of stocks daily, but Sundheim was on the far end of the firm’s public-investments timeline, sources who worked with him at the fund said. Some investors said they hope Juul's actions will reduce youth No, 'I'm the smartest guy in the room.'
“It’s not like he’s texting me pictures, bragging about a new house he just bought,” he added. A possible deal to sell a significant minority stake to Altria
Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. A Uniform Commercial Code lien filing shows Sundheim has at least 28 other works, including two Cy Twombly pieces sold at auction for $70 million and $50 million, a Willem de Kooning worth $21 million, and three Andy Warhol pieces that went for a combined nearly $50 million. Tiger Global more recently led a fundraising round for Juul in July, when it invested $600 million. since. be unlikely. His superpower is his "uncanny ability to understand what other people are going to be excited about 12 to 18 months from now," the ex-Viking colleague said. Sundheim is not without flaws, of course. The firms’ bets on Juul—described by more than a dozen people familiar with the investments—hold both regulatory and reputational risks given e-cigarettes’ use among youth. Michael Bloomberg; and Valiant Capital Management LP, have While Sundheim is not active in seeking out TV appearances or speaking engagements, Pollock said he believed he’d have a profile similar to Warren Buffett one day, if he keeps it up. Juul has repeatedly denied that it targeted minors. products appeal to minors.
In his limited spare time, he was getting a master class in value investing from Joel Greenblatt's Value Investors Club website — an investing message board that's highly selective about who joins. Some of Sundheim’s top bets at Viking were in financial payments, including Experian and Mastercard, which was “an absolute home run,” according to a former colleague. Even if all of the firm’s investors were in the share class with low management fees, with $15 billion in assets, the firm would bring in $150 million per year before any performance fees. The private portfolio took a hit last year on its Juul position after a regulatory crackdown on vaping, according to Institutional Investor. And while Juul has run into regulatory hurdles in Israel, investors expect significant growth overseas even if the company grows more slowly in the U.S. reproduction of WSJ.com articles that also appeared in the U.S. You can find out more about which cookies we are using or switch them off in settings.
Sundheim was likely already approaching the three-comma club before he even conceived of D1. Which types of acquisition does this organization make most frequently.
