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Investments

39

Portfolio Exits

20

About Galleon Management

Galleon Management, L.P. is a privately owned investment management firm. The firm invests in the companies operating in the information technology and communication industries. Galleon Management, L.P. was founded in January 1997 and is based in New York, New York.

Galleon Management Headquarter Location

590 Madison Avenue 34th Floor

New York, New York, 10022,

United States

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Latest Galleon Management News

SEC Charges California Hedge Fund Manager Connected to Galleon Insider Trading Case

Feb 14, 2012

Jack Humphrey, Regulatory journalist February 13, 2012 / The Securities and Exchange Commission today charged a hedge fund manager and his Menlo Park, Calif.-based firm for their involvement in the insider trading ring connected to Raj Rajaratnam and hedge fund advisory firm Galleon Management. The SEC alleges that Douglas F. Whitman and Whitman Capital illegally traded based on material nonpublic information obtained from Rajaratnam associate Roomy Khan, who was Whitman’s friend and neighbor. Khan tipped Whitman with confidential details about Polycom Inc.’s fourth quarter 2005 earnings and Google Inc.’s second quarter 2007 earnings prior to the public announcements of those financial results by the companies. Whitman Capital reaped nearly $1 million in ill-gotten gains by trading on Khan’s illegal tips. “Whitman engaged in what even he termed ‘slimeball’ activity and together with Khan brought new illicit meaning to the maxim ‘help thy neighbor,’” said George S. Canellos, Director of the SEC’s New York Regional Office. Sanjay Wadhwa, Associate Director of the SEC’s New York Regional Office and Deputy Chief of the Market Abuse Unit, added, “This action should send a strong signal that the SEC will continue to pursue every angle of the Galleon investigation to hold accountable those who have undermined the integrity of our markets by engaging in illegal insider trading.” According to the SEC’s complaint, filed in federal court in Manhattan, the inside information about Polycom and Google used by Whitman is the same information that the SEC has previously alleged Khan provided to many of her hedge fund contacts, including Rajaratnam as well as Robert Feinblatt and Jeffrey Yokuty at Trivium Capital. The SEC alleges that Khan illegally tipped Whitman in January 2006 with information about Polycom’s quarterly financial results, and she noted that these details were nonpublic and acquired from a source at Polycom. Whitman Capital accumulated 132,263 shares of Polycom stock in the next two weeks. When the company announced its results on January 25, Whitman Capital liquidated its entire Polycom position for a profit of more than $360,000. On at least one later occasion, in September 2008, Whitman asked Khan to contact her Polycom source to obtain inside information about the company’s upcoming earnings so the two could “short it.” When Khan rebuffed Whitman citing a fear of getting caught, Whitman suggested that she use “Skype” to avoid detection. Whitman later stated that he would stop speaking to Khan if she wasn’t going to be a “slimeball” anymore. The SEC further alleges that Khan illegally tipped Whitman with inside information about Google’s quarterly financial results shortly before the company’s post market-close earnings announcement on July 19, 2007. At Whitman’s insistence, Khan identified her Google source as an employee of an investor relations firm used by Google. Whitman Capital funds then purchased 2,761 Google put option contracts based on the tip from Khan. On July 20, Whitman Capital closed the put option positions and generated ill-gotten profits of more than $620,000. Afterwards, Whitman sent Khan a large floral arrangement to thank her for the tip. The complaint seeks a final judgment permanently enjoining the defendants from future violations of the above provisions of the federal securities laws, ordering them to disgorge their ill-gotten gains plus prejudgment interest, and ordering them to pay financial penalties. The SEC has charged 30 defendants in its Galleon-related enforcement actions, which have exposed widespread and repeated insider trading at numerous hedge funds and by other traders, investment professionals, and corporate insiders located throughout the country. The insider trading occurred in the securities of more than 15 companies for illicit profits totaling more than $91 million. The SEC’s investigation, which is continuing, has been conducted by John Henderson and Joseph Sansone – members of the SEC’s Market Abuse Unit in New York – and Diego Brucculeri and James D’Avino of the New York Regional Office. Kevin McGrath and Valerie Szczepanik will lead the SEC’s litigation effort. The SEC thanks the U.S. Attorney’s Office for the Southern District of New York and the Federal Bureau of Investigation for their ongoing assistance in the matter.  

Galleon Management Investments

39 Investments

Galleon Management has made 39 investments. Their latest investment was in Altierre as part of their Series D on April 4, 2010.

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Galleon Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/13/2010

Series D

Altierre

$9.98M

No

1

11/16/2009

Debt

Teknovus

$5.6M

No

5/5/2008

Series C

Altierre

$30M

Yes

10/23/2007

Series D

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$99M

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0

10/15/2007

Unattributed VC

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$99M

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0

Date

4/13/2010

11/16/2009

5/5/2008

10/23/2007

10/15/2007

Round

Series D

Debt

Series C

Series D

Unattributed VC

Company

Altierre

Teknovus

Altierre

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Amount

$9.98M

$5.6M

$30M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

1

0

0

Galleon Management Portfolio Exits

20 Portfolio Exits

Galleon Management has 20 portfolio exits. Their latest portfolio exit was Alere on October 03, 2017.

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

10/3/2017

Acq - P2P

$99M

2

6/24/2017

Acq - P2P

$99M

2

6/8/2015

Acq - P2P

1

12/19/2011

Acq - P2P

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$99M

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0

9/8/2011

Acq - P2P

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$99M

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10

Date

10/3/2017

6/24/2017

6/8/2015

12/19/2011

9/8/2011

Exit

Acq - P2P

Acq - P2P

Acq - P2P

Acq - P2P

Acq - P2P

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

2

1

0

10

Galleon Management Acquisitions

1 Acquisition

Galleon Management acquired 1 company. Their latest acquisition was Magellan Navigation on August 09, 2006.

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

8/9/2006

$99M

Acquired

Date

8/9/2006

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

Galleon Management Team

2 Team Members

Galleon Management has 2 team members, including former Managing General Partner, Raj Rajaratnam.

Name

Work History

Title

Status

Raj Rajaratnam

Managing General Partner

Former

Tom Fernandez

Managing Director

Former

Name

Raj Rajaratnam

Tom Fernandez

Work History

Title

Managing General Partner

Managing Director

Status

Former

Former

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