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sorosfundmanagementllc.com

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Investments

89

Portfolio Exits

38

Funds

4

About Soros Fund Management

Soros Fund Management is a privately-owned hedge fund sponsor that invests in the global public equity and fixed income markets as well as foreign exchange and currency markets, commodity markets, and futures trading. It also manages private equity and venture capital funds. Soros Fund Management was founded by George Soros in 1969.

Soros Fund Management Headquarter Location

888 Seventh Avenue

New York, New York, 10106,

United States

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Research containing Soros Fund Management

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CB Insights Intelligence Analysts have mentioned Soros Fund Management in 2 CB Insights research briefs, most recently on Sep 7, 2021.

Latest Soros Fund Management News

George Soros’ Fund Holds Bitcoin, CEO Says Cryptocurrency Has Gone Mainstream

Oct 8, 2021

George Soros' Fund Holds Bitcoin, CEO Says Cryptocurrency Has Gone Mainstream Soros Fund Management, founded by billionaire investor George Soros, has invested in bitcoin. The CEO of the asset management company says bitcoin is not just an inflation hedge: “I think it’s crossed the chasm to mainstream.” Soros Fund Management’s CEO Says Bitcoin Has Gone Mainstream Soros Fund Management, the asset management company founded by billionaire investor George Soros, has invested in bitcoin, the fund’s CEO, Dawn Fitzpatrick, revealed in an interview with Bloomberg, published Tuesday. Fitzpatrick is both the CEO and chief investment officer (CIO) of Soros Fund Management. She is the first person to hold both titles. Discussing inflation, she said, “If you watched gold in September, it was down 5% so I think the fear of the debasing of the U.S. dollar has receded to a degree.” In addition, she noted, “The IMF just came out with kind of reserve currency balances and the U.S. dollar has stopped losing ground.” Nonetheless, bitcoin is trading above $50K. Commenting on the rapid rise in the price of BTC , Fitzpatrick opined: I am not sure bitcoin is only viewed as an inflation hedge here. I think it’s crossed the chasm to mainstream. Cryptocurrencies now have a market cap of over $2 trillion. There’s 200 million users around the world. So, I think this has gone mainstream from our perspective. The CEO of Soros Fund Management further revealed: We own some coins but not a lot, and the coins themselves are less interesting than the use cases of defi [decentralized finance] and things like that. In March, Fitzpatrick said that central bank digital currencies (CBDCs) “is a potential threat to bitcoin and other cryptocurrencies.” However, she said the threat “will be temporary,” emphasizing, “I don’t think they’ll be successful in permanently destabilizing bitcoin.” At the time of writing, bitcoin is trading at $53,982.51 and its market cap is about $1.2 trillion. What do you think about the CEO of Soros Fund Management saying that bitcoin has gone mainstream? Let us know in the comments section below.

Soros Fund Management Investments

89 Investments

Soros Fund Management has made 89 investments. Their latest investment was in Creapaper as part of their Series B on October 10, 2021.

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Soros Fund Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/5/2021

Series B

Creapaper

Yes

Charles and Lynn Schusterman Family Foundation, JS Capital, and Ranpak

5

9/2/2021

Series B

Jeeves

$57M

Yes

Adolfo Babatz, Alkeon Capital Management, Andre Iguodala, Bo Jiang, CRV, Des Traynor, Gabriel Braga, Immad Akhund, Kevin Durant, Odell Beckham Jr., Pablo Gonzalez, Pierpaolo Barbieri, Silicon Valley Bank, Tencent Holdings, The Chainsmokers, Tom Blomfield, and Zac Prince

14

8/13/2021

Series D

Uala

$350M

No

166 2nd Financial Services, D1 Capital Partners, Endeavor, Goldman Sachs Asset Management, Greyhound Capital, Isaac Lee, Jacqueline Reses, Monashees+, Ribbit Capital, SoftBank Latin America Fund, and Tencent Holdings

5

6/2/2021

Series C

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$99M

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10

5/20/2021

Private Equity

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$99M

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10

Date

10/5/2021

9/2/2021

8/13/2021

6/2/2021

5/20/2021

Round

Series B

Series B

Series D

Series C

Private Equity

Company

Creapaper

Jeeves

Uala

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Amount

$57M

$350M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Charles and Lynn Schusterman Family Foundation, JS Capital, and Ranpak

Adolfo Babatz, Alkeon Capital Management, Andre Iguodala, Bo Jiang, CRV, Des Traynor, Gabriel Braga, Immad Akhund, Kevin Durant, Odell Beckham Jr., Pablo Gonzalez, Pierpaolo Barbieri, Silicon Valley Bank, Tencent Holdings, The Chainsmokers, Tom Blomfield, and Zac Prince

166 2nd Financial Services, D1 Capital Partners, Endeavor, Goldman Sachs Asset Management, Greyhound Capital, Isaac Lee, Jacqueline Reses, Monashees+, Ribbit Capital, SoftBank Latin America Fund, and Tencent Holdings

Sources

5

14

5

10

10

Soros Fund Management Portfolio Exits

38 Portfolio Exits

Soros Fund Management has 38 portfolio exits. Their latest portfolio exit was Paidy on September 07, 2021.

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

9/7/2021

Acquired

$991

PayPal

9

1/12/2021

Acq - Pending

$991

Arclight Clean Transition

7

10/29/2020

Acquired

StorCentric

3

00/00/0000

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10

00/00/0000

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$991

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10

Date

9/7/2021

1/12/2021

10/29/2020

00/00/0000

00/00/0000

Exit

Acquired

Acq - Pending

Acquired

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Companies

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Valuation

$991

$991

$991

Acquirer

PayPal

Arclight Clean Transition

StorCentric

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Sources

9

7

3

10

10

Soros Fund Management Acquisitions

8 Acquisitions

Soros Fund Management acquired 8 companies. Their latest acquisition was Violin Systems on April 24, 2017.

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

4/24/2017

Acq - Fin

$267.82M

Acq - Fin

2

11/18/2015

Unattributed VC

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$99M

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10

8/7/2013

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$99M

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10

6/4/2013

Acq - Fin

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$99M

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10

6/4/2012

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$991

$99M

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10

Date

4/24/2017

11/18/2015

8/7/2013

6/4/2013

6/4/2012

Investment Stage

Acq - Fin

Unattributed VC

Acq - Fin

Companies

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Valuation

$991

Total Funding

$267.82M

$99M

$99M

$99M

$99M

Note

Acq - Fin

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Sources

2

10

10

10

10

Soros Fund Management Fund History

4 Fund Histories

Soros Fund Management has 4 funds, including Southeast Europe Equity Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/26/2000

Southeast Europe Equity Fund

Hedge

$150M

1

1/1/2000

Soros Private Equity Investors LP

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$99M

10

Quantum Partners LP

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$99M

10

Ukrainian Redevelopment Fund

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$99M

10

Closing Date

7/26/2000

1/1/2000

Fund

Southeast Europe Equity Fund

Soros Private Equity Investors LP

Quantum Partners LP

Ukrainian Redevelopment Fund

Fund Type

Hedge

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Status

Amount

$150M

$99M

$99M

$99M

Sources

1

10

10

10

Soros Fund Management Team

14 Team Members

Soros Fund Management has 14 team members, including current Chief Financial Officer, Sean Cullinan.

Name

Work History

Title

Status

Sean Cullinan

Chief Financial Officer

Current

Dawn Fitzpatrick

Chief Information Officer

Current

Frank Sica

Managing Director

Current

Waldemar Szlezak

Managing Director

Current

William Stack

Chief Executive Officer

Former

Name

Sean Cullinan

Dawn Fitzpatrick

Frank Sica

Waldemar Szlezak

William Stack

Work History

Title

Chief Financial Officer

Chief Information Officer

Managing Director

Managing Director

Chief Executive Officer

Status

Current

Current

Current

Current

Former

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