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magnetar.com

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Investments

46

Portfolio Exits

14

Funds

4

Partners & Customers

5

Service Providers

1

About Magnetar Capital

Magnetar Capital invests in the public equity markets of the United States.

Magnetar Capital Headquarter Location

1603 Orrington Ave 13th floor

Evanston, Illinois, 60201,

United States

847-905-4400

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Magnetar Capital Web Traffic

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Magnetar Capital Rank

Latest Magnetar Capital News

US Ecology, Incyte, and Other Stocks See Action From Activist Investors

Feb 19, 2022

February 19, 2022 - Advertisement - These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from Feb, 10 through Feb. 16, 2022. Source: InsiderScore.com, a Verity company. Original Filings - Advertisement - Magnetar Capital disclosed a new investment in the provider of waste-management services of 2,060,731 shares. Magnetar Capital bought all of those shares from Feb. 9 through Feb. 11 at prices ranging from $46.98 to $47.75 apiece. Republic Services (RSG) announced on Feb. 9 that it will acquire US Ecology for $48 per share in cash, a deal valued at $2.2 billion. Magnetar Capital’s US Ecology investment is a merger arbitrage strategy that allows Magnetar Capital to earn a small premium if the acquisition closes. Increases in Holdings - Advertisement - Baker Bros. Advisors increased its stake in the biopharmaceutical company to 35,216,618 shares. That stake includes 137,986 shares underlying options plus 2,802 restricted shares held by Barker Bros. co-founder Julian Baker, who serves on Incyte’s board. Baker Bros. purchased 2,691,041 Incyte shares at prices of $66.43 to $72.98 each from Dec. 15, 2021 through Feb. 11. Baker Bros. interest in Incyte now stands at 15.9%. Sierra Oncology (SRRA) abingworth raised its interest in the biopharmaceutical company to 2,193,626 shares, including 871,125 underlying warrants and 8,374 tied to options exercisable within 60 days. On Jan. 31, Abingworth bought 150,000 Sierra Oncology shares through an offering that priced those shares at $27 each. Abingworth now holds 11.3% of Sierra Oncology’s tradable stock. Consumer Portfolio Services (CPSS) Black Diamond Capital Management lifted its holding in the specialty finance company to 4,564,234 shares. That figure accounts for the purchase of 298,623 Consumer Portfolio shares on Feb. 11 and Feb. 14 at prices ranging from $9.95 to $10.75 per share. Black Diamond Capital now has a 21.7% interest in Consumer Portfolio. Decreases in Holdings SLM ValueAct Capital reduced its position in the private-education loan-services firm to 14,501,031 shares. Without citing a reason, ValueAct sold 1,100,000 SLM shares from Dec. 16, 2021, through Feb. 14 at per share prices ranging from $19 through $19.71. ValueAct now holds 4.9% of SLM’s outstanding stock. Any future SLM sales will not require disclosure, as ValueAct’s SLM stake is less than the regulatory threshold of 5%. Forward Air (FWRD) Ancora Holdings lowered its holding of the freight-and-logistics firm to 1,401,091 shares. Ancora Holdings sold 88,263 Forward Air shares from Dec. 28, 2021, through Feb. 14 at prices ranging from $100.42 to $120.14 apiece. Ancora Holdings now has a 5.2% interest in Forward Air.

Magnetar Capital Investments

46 Investments

Magnetar Capital has made 46 investments. Their latest investment was in Enable Injections as part of their Series C on January 1, 2022.

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Magnetar Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/27/2022

Series C

Enable Injections

$215M

Yes

10

1/6/2022

Series E

PosiGen

$100M

Yes

4

11/24/2021

Seed VC

ViRB

$2M

Yes

1

11/11/2021

Unattributed VC

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$99M

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10

10/18/2021

PIPE - II

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$99M

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10

Date

1/27/2022

1/6/2022

11/24/2021

11/11/2021

10/18/2021

Round

Series C

Series E

Seed VC

Unattributed VC

PIPE - II

Company

Enable Injections

PosiGen

ViRB

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Amount

$215M

$100M

$2M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

10

4

1

10

10

Magnetar Capital Portfolio Exits

14 Portfolio Exits

Magnetar Capital has 14 portfolio exits. Their latest portfolio exit was MarkWest Energy Partners on July 13, 2015.

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

7/13/2015

Acq - P2P

$99M

1

5/16/2011

Acquired

$99M

1

4/11/2011

Merger

10/23/2008

Acquired

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0

6/5/2008

Take Private

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$99M

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0

Date

7/13/2015

5/16/2011

4/11/2011

10/23/2008

6/5/2008

Exit

Acq - P2P

Acquired

Merger

Acquired

Take Private

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

1

0

0

Magnetar Capital Acquisitions

5 Acquisitions

Magnetar Capital acquired 5 companies. Their latest acquisition was Acque Minerali d'Italia on February 17, 2022.

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

2/17/2022

$99M

Acq - Fin

1

12/3/2020

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$99M

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10

6/1/2017

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$99M

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10

3/14/2007

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$99M

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0

12/16/2005

Debt

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$99M

$99M

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0

Date

2/17/2022

12/3/2020

6/1/2017

3/14/2007

12/16/2005

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

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Sources

1

10

10

0

0

Magnetar Capital Fund History

4 Fund Histories

Magnetar Capital has 4 funds, including Magnetar Discovery Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/14/2020

Magnetar Discovery Fund

$0.55M

1

7/27/2020

Magnetar Lake Credit Fund

$99M

10

3/4/2020

MTP Energy Opportunities Fund III

$99M

10

Healthcare Fund

10

Closing Date

8/14/2020

7/27/2020

3/4/2020

Fund

Magnetar Discovery Fund

Magnetar Lake Credit Fund

MTP Energy Opportunities Fund III

Healthcare Fund

Fund Type

Status

Amount

$0.55M

$99M

$99M

Sources

1

10

10

10

Magnetar Capital Partners & Customers

5 Partners and customers

Magnetar Capital has 5 strategic partners and customers. Magnetar Capital recently partnered with Kirkland & Ellis on May 5, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

5/9/2019

Vendor

United States

Kirkland Advises Magnetar and Carlyle on Financing for Altus Midstream.

Kirkland & Ellis counseled affiliates of Magnetar Capital and The Carlyle Group on their transaction with Altus Midstream LP , which signed agreements to sell $ 625 million of preferred equity in a private placement and amend its credit facility to allow Altus Midstream LP 's revolver capacity to increase by $ 200 million during the Initial Period , as defined in Altus Midstream LP 's credit agreement , to $ 650 million ... The Kirkland & Ellis team was led by transactional partner Bill Benitez and associate Ahmed Sidik with assistance from capital markets partners Matt Pacey and Michael Rigdon , debt finance partner Andy Veit , and tax partner Mark Dundon .

1

9/4/2018

Partner

Japan, and United Kingdom

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10

7/21/2016

Partner

United States

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10

2/2/2015

Vendor

United Kingdom

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10

2/2/2015

Vendor

United Kingdom

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10

Date

5/9/2019

9/4/2018

7/21/2016

2/2/2015

2/2/2015

Type

Vendor

Partner

Partner

Vendor

Vendor

Business Partner

Country

United States

Japan, and United Kingdom

United States

United Kingdom

United Kingdom

News Snippet

Kirkland Advises Magnetar and Carlyle on Financing for Altus Midstream.

Kirkland & Ellis counseled affiliates of Magnetar Capital and The Carlyle Group on their transaction with Altus Midstream LP , which signed agreements to sell $ 625 million of preferred equity in a private placement and amend its credit facility to allow Altus Midstream LP 's revolver capacity to increase by $ 200 million during the Initial Period , as defined in Altus Midstream LP 's credit agreement , to $ 650 million ... The Kirkland & Ellis team was led by transactional partner Bill Benitez and associate Ahmed Sidik with assistance from capital markets partners Matt Pacey and Michael Rigdon , debt finance partner Andy Veit , and tax partner Mark Dundon .

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Sources

1

10

10

10

10

Magnetar Capital Service Providers

1 Service Provider

Magnetar Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Corporate Minority

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Corporate Minority

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Magnetar Capital Team

7 Team Members

Magnetar Capital has 7 team members, including current Founder, Chief Executive Officer, Alec Litowitz.

Name

Work History

Title

Status

Alec Litowitz

Founder, Chief Executive Officer

Current

Tom Weidaw

GTCR, and PwC

Chief Financial Officer

Current

Michael D. Wilds

Koch Industries - Engineered Solutions

Chief Operating Officer

Current

Jeremy Sohn

Novartis, Clinical Ink, MPM Capital, CentrosHealth, TriNetX, PanGenX, North Plains Systems, Riverside Partners, Wasabi Systems, Shattuck Hammond Partners, and Lewin Group

Managing Partner

Current

Craig Rohr

Managing Director

Current

Name

Alec Litowitz

Tom Weidaw

Michael D. Wilds

Jeremy Sohn

Craig Rohr

Work History

GTCR, and PwC

Koch Industries - Engineered Solutions

Novartis, Clinical Ink, MPM Capital, CentrosHealth, TriNetX, PanGenX, North Plains Systems, Riverside Partners, Wasabi Systems, Shattuck Hammond Partners, and Lewin Group

Title

Founder, Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Managing Partner

Managing Director

Status

Current

Current

Current

Current

Current

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