
Investments
11Portfolio Exits
5Partners & Customers
10Service Providers
1About Citadel
Citadel analyzes global markets with discipline and focus, and employs a range of strategies in an effort to deliver investment returns to capital partners. It empowers talented minds in finance with a combination of deep fundamental research, predictive analytics, and technology to identify and capture new opportunities.
Citadel Headquarter Location
131 South Dearborn Street
Chicago, Illinois, 60603,
United States
312-395-2100
Citadel Web Traffic
Citadel Rank
Latest Citadel News
May 20, 2022
Larry Busacca/Getty Images Entertainment Citadel LLC's Ken Griffin said retail investors that participated in the meme-stock craze of early 2021 contributed to Melvin Capital's demise. With tens of millions of households getting pandemic relief checks in 2020 and 2021, many people "took a run at the stock market," he said at Bloomberg Intelligence Market Structure conference. Griffin pointed out that it's investors like pension plans that got hurt when retail investors decided to put a short squeeze on GameStop ( GME ) and other meme stocks in an effort to bring down Melvin, Gabe Plotkin's hedge fund. "So you basically helped wipe out the pension plans of teachers? You feel good about that?" he asked. "It's not Gabe's money you're taking down. You're taking down the money from a pension plan that belongs to a teacher," he said. On Thursday, Bloomberg, CNBC and other media outlets reported that Melvin Capital was winding down and would return investors' money. Plotkin had worked at Citadel LLC early in his career, and Citadel invested money in Melvin in January 2021 to stabilize the fund after the meme-stock short squeeze. Part of the phenomenon was stock trading for entertainment. "There was certainly an entertainment dimension that came into play with money that in some sense just dropped out of the sky into their wallets...and they took a run at the stock market," Griffin said. He also put into perspective Gabe Plotkin's decision to shut down hedge fund Melvin Capital. The average hedge fund lives for about three years, Griffin said. "Several hundred shut down a year and the world goes on." As for Plotkin, "Gabe's was certainly an iconic investor over his career.. over his career, he certainly did an incredible job for his investors, kudos to him." "He went through a really tough run. He chose a decision that worked for him."
Citadel Investments
11 Investments
Citadel has made 11 investments. Their latest investment was in Break Through Tech as part of their Unattributed VC on April 4, 2022.
Citadel Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/13/2022 | Unattributed VC | Break Through Tech | $26M | Yes | 2 | |
11/8/2021 | Seed | Schoolhouse.world | Yes | 1 | ||
11/3/2021 | Series C - II | Yellowbrick Data | $75M | Yes | 12 | |
11/15/2019 | PIPE | |||||
8/16/2019 | PIPE |
Date | 4/13/2022 | 11/8/2021 | 11/3/2021 | 11/15/2019 | 8/16/2019 |
---|---|---|---|---|---|
Round | Unattributed VC | Seed | Series C - II | PIPE | PIPE |
Company | Break Through Tech | Schoolhouse.world | Yellowbrick Data | ||
Amount | $26M | $75M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 1 | 12 |
Citadel Portfolio Exits
5 Portfolio Exits
Citadel has 5 portfolio exits. Their latest portfolio exit was Annexon Bioscience on July 24, 2020.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
7/24/2020 | IPO | 5 | |||
Date | 7/24/2020 | ||||
---|---|---|---|---|---|
Exit | IPO | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 5 |
Citadel Acquisitions
1 Acquisition
Citadel acquired 1 company. Their latest acquisition was Gild on October 20, 2016.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
10/20/2016 | Series B | $25.9M | Acquired | 1 |
Date | 10/20/2016 |
---|---|
Investment Stage | Series B |
Companies | |
Valuation | |
Total Funding | $25.9M |
Note | Acquired |
Sources | 1 |
Citadel Partners & Customers
10 Partners and customers
Citadel has 10 strategic partners and customers. Citadel recently partnered with Experian on October 10, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
10/26/2021 | Client | Ireland | Experian 's new partnership with Citadel allows consumers to quickly permission access to their payroll accounts when applying for a loan , mortgage or employment by authorizing use of their payroll provider login credentials . | 1 | |
7/15/2021 | Vendor | United States | 10:10 ET SafeTraces Launches HVAC Safety Verification Service With EHS, IAQ and Engineering Leaders Our strategic partnership with SafeTraces , Inc. provides Citadel and our clients with a unique and truly cutting-edge diagnostic tool to make informed decisions . | 1 | |
7/15/2021 | Vendor | United States | Our strategic partnership with SafeTraces , Inc. provides Citadel and our clients with a unique and truly cutting-edge diagnostic tool to make informed decisions . | 1 | |
8/11/2020 | Partner | ||||
5/18/2020 | Partner |
Date | 10/26/2021 | 7/15/2021 | 7/15/2021 | 8/11/2020 | 5/18/2020 |
---|---|---|---|---|---|
Type | Client | Vendor | Vendor | Partner | Partner |
Business Partner | |||||
Country | Ireland | United States | United States | ||
News Snippet | Experian 's new partnership with Citadel allows consumers to quickly permission access to their payroll accounts when applying for a loan , mortgage or employment by authorizing use of their payroll provider login credentials . | 10:10 ET SafeTraces Launches HVAC Safety Verification Service With EHS, IAQ and Engineering Leaders Our strategic partnership with SafeTraces , Inc. provides Citadel and our clients with a unique and truly cutting-edge diagnostic tool to make informed decisions . | Our strategic partnership with SafeTraces , Inc. provides Citadel and our clients with a unique and truly cutting-edge diagnostic tool to make informed decisions . | ||
Sources | 1 | 1 | 1 |
Citadel Service Providers
1 Service Provider
Citadel has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Counsel |
Service Provider | |
---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type |
Partnership data by VentureSource
Citadel Team
36 Team Members
Citadel has 36 team members, including current Founder, Chief Executive Officer, Chief Investment Officer, Kenneth Griffin.
Name | Work History | Title | Status |
---|---|---|---|
Kenneth Griffin | Founder, Chief Executive Officer, Chief Investment Officer | Current | |
David Bonfili | BlackRock, Two Sigma, Institute for Defense Analyses, and U.S. Navy | Chief Operating Officer | Current |
B. Kevin Turner | Chief Executive Officer | Former | |
Dan Childs | OMERS Ventures, Societe Generale Group, Royal Bank of Canada, and Oxford BioSignals | Chief Operating Officer | Former |
Richard Correia | Chief Operating Officer | Former |
Name | Kenneth Griffin | David Bonfili | B. Kevin Turner | Dan Childs | Richard Correia |
---|---|---|---|---|---|
Work History | BlackRock, Two Sigma, Institute for Defense Analyses, and U.S. Navy | OMERS Ventures, Societe Generale Group, Royal Bank of Canada, and Oxford BioSignals | |||
Title | Founder, Chief Executive Officer, Chief Investment Officer | Chief Operating Officer | Chief Executive Officer | Chief Operating Officer | Chief Operating Officer |
Status | Current | Current | Former | Former | Former |
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