D1 Capital Partners is an American investment firm based in

New York City, United States New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

. The firm invests in both

public In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichk ...

and private markets globally.

Background

D1 Capital Partners was founded in July 2018 by Daniel Sundheim. "D1" stands for "Day One," a concept espoused by Amazon.com, Inc.'s

Jeff Bezos Jeffrey Preston Bezos ( ;; and Robinson (2010), p. 7. ''né'' Jorgensen; born January 12, 1964) is an American entrepreneur, media proprietor, investor, and commercial astronaut. He is the founder, executive chairman, and former preside ...

as detailed in Amazon's 1997 Letter to Shareholders. Sundheim was previously the Chief Investment Officer of Viking Global Investors and put in more than $500 million of his own money to start the firm. D1 Capital Partners is usually grouped with other

Tiger Cub The tiger (''Panthera tigris'') is the largest living Felidae, cat species and a member of the genus ''Panthera''. It is most recognisable for its dark vertical stripes on orange fur with a white underside. An apex predator, it primarily pr ...

funds due to the firm being spun out from one. The firm originally managed $3 billion of capital, which rose to $20 billion by the end of 2020 with annualized returns of nearly 30%. D1 returned 60% in 2020. In January 2021, the firm lost $4 billion (20% of its capital) due to the

GameStop short squeeze In January 2021, a short squeeze of the stock of the American video game retailer GameStop () and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 ...

. As of April 2021, D1 had recouped about 90% of what it lost in January. In June 2021, the firm signed a 10-year lease to open another office in

Miami, Florida Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a coastal metropolis and the county seat of Miami-Dade County in South Florida, United States. With a population of 442,241 at th ...

. In May 2022, It was reported that the fund lost 23% of it value since start of the year with its public equities strategy losing 44%.

Business Overview

D1 Capital Partners focuses on companies within the

consumer A consumer is a person or a group who intends to order, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. ...

, business services,

financial services Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companie ...

, healthcare, industrials,

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more genera ...

, and

technology Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in medicine, scie ...

media Media may refer to: Communication * Media (communication), tools used to deliver information or data ** Advertising media, various media, content, buying and placement for advertising ** Broadcast media, communications delivered over mass el ...

and

telecommunication Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than tha ...

sectors. Regarding the public markets, the firm invests in publicly traded equities and other related securities such as equity derivatives and convertible bonds. It utilizes a global

Long/short equity Long/short equity is an investment strategy generally associated with hedge funds. It involves buying equities that are expected to increase in value and selling short equities that are expected to decrease in value. This is different from the ri ...

strategy with a focus on medium to long-term returns. Regarding the private markets, the firm primarily focuses on taking later-stage, non-controlling stakes in companies in order to help them further expand.

Private Equity Funds

Notable venture capital investments

* Robinhood * Airtable *

GitLab GitLab Inc. is an open-core company that operates GitLab, a DevOps software package which can develop, secure, and operate software. The open source software project was created by Ukrainian developer Dmitriy Zaporozhets and Dutch developer ...

Sweetgreen Sweetgreen (legally Sweetgreen, Inc., stylized as sweetgreen, previously swɘetgreen) is an American fast casual restaurant chain that serves salads. It was founded in November 2006 by Nicolas Jammet, Nathaniel Ru, and Jonathan Neman. In August ...

* Scopely * goPuff * Shippo *

Instacart Instacart is an American company that operates a grocery delivery and pick-up service in the United States and Canada. The company offers its services via a website and mobile app. The service allows customers to order groceries from participat ...

Wise WISE may refer to: Arts, entertainment, and media * WISE (AM), a radio station licensed to Asheville, North Carolina *WISE-FM, a radio station licensed to Wise, Virginia * WISE-TV, a television station licensed to Fort Wayne, Indiana Education * ...

Unity Technologies Unity Software Inc. (doing business as Unity Technologies) is a video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment (OTEE) and changed its name in 2007. Unity Technolo ...

Warby Parker Warby Parker is an American online retailer of prescription glasses, contact lenses, and sunglasses, based in New York City. Warby Parker was founded as primarily online retailer, but now sells primarily (about 90%) through approximately 160 ...

* DriveNetsMeir Orbach (January 27, 2021)
DriveNets raises $208 million in series B round, attains unicorn status
Calcalist.

References

{{authority control 2018 establishments in New York City Financial services companies established in 2018 Hedge fund firms in New York City Investment management companies of the United States Privately held companies based in New York City Tiger Management Venture capital firms