SkyBridge Capital is a global investment firm based in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

, United States. It is run by founder

Anthony Scaramucci Anthony Scaramucci ( ; born January 6, 1964) is an American financier who briefly served as the White House Director of Communications from July 21 to July 31, 2017. Scaramucci worked at Goldman Sachs's investment banking, equities, and priv ...

, Brett S. Messing, Raymond Nolte and Troy Gaveski. SkyBridge produces the SkyBridge Alternatives Conference, or "SALT" Conference, a capital introduction convention. In addition to its annual flagship event in Las Vegas, SALT has hosted conferences in Singapore, Tokyo and Abu Dhabi. It has offices located in New York and

Florida Florida is a state located in the Southeastern region of the United States. Florida is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Bahamas and Atlantic Ocean, and to ...

History

SkyBridge Capital was founded in 2005 by

, the co-founder of Oscar Capital Management. In June 2010, SkyBridge acquired Citigroup Alternative Investments Hedge Fund Management Group. Ray Nolte, Citigroup's former chief executive officer and chief investment officer, joined as co-managing partner and chief investment officer. In March 2015, the company opened its third office in

Palm Beach Gardens, Florida Palm Beach Gardens is a city in Palm Beach County in the U.S. state of Florida, 77 miles north of downtown Miami. , the population was 59,182. Palm Beach Gardens is a principal city of the Miami metropolitan area, which was home to an estimated 6 ...

. The company was also the title sponsor of West Palm Beach's inaugural bike share program, SkyBike, before the program shut down in December 2019. On January 17, 2017, SkyBridge announced that it had signed a definitive purchase agreement with RON Transatlantic and HNA Capital U.S., with founder Scaramucci stepping down from his role as co-managing partner in order to take a role in Trump administration. However, on April 30, 2018, HNA and SkyBridge issued a joint statement the two sides had agreed not to pursue the deal, with Scaramucci returning as co-managing partner of the company. The

Committee on Foreign Investment in the United States The Committee on Foreign Investment in the United States (CFIUS, commonly pronounced "Cifius" ) is an inter-agency committee of the United States government that reviews the national security implications of foreign investments in U.S. compani ...

had yet to approve HNA's takeover. The statement said that the committee had offered the two sides "a path to approval" if they made certain changes, but that neither side believed it was in its best interest to continue. In September 2022, the venture arm of FTX bought a 30 percent stake in SkyBridge for $45million, valuing SkyBridge at roughly $150M. SkyBridge will use $40million from the proceeds to buy cryptocurrencies to strengthen its long-term balance sheet. The deal additionally provided FTX with a three-year option to acquire 85 percent of the fund group. In November 2022, following the insolvency crisis at FTX, Scaramucci said that he was trying to buy back the stake. Additionally, he added that SkyBridge took a loss on its exposure to FTX's FTT token.

References

External links

SkyBridge Capital
{{DEFAULTSORT:Skybridge Capital Financial services companies established in 2005 Hedge fund firms of the United States Companies based in New York City