Founded in 1988 by Richard C. Perry, Perry Capital was a multi-billion dollar hedge fund manager known for its event-driven and distressed debt investment strategies. For decades, it was a major player in the alternative investment industry. However, following a period of underperformance and significant investor redemptions, the firm announced in 2016 that it would be closing its flagship fund and winding down its operations. While the primary investment funds have been closed, the legal entity, Perry Investment Management LLC, remains a registered investment adviser with the SEC, likely to manage the final stages of the wind-down and remaining affairs.

Founded in

United States