Tetragon Financial Group Limited (Tetragon) is a Guernsey closed-ended investment company founded in 2005. Its non-voting shares are traded on the

Euronext Euronext N.V. (short for European New Exchange Technology) is a European bourse that provides trading and post-trade services for a range of financial instruments. Traded assets include regulated equities, exchange-traded funds (ETF), warrant ...

exchange in

Amsterdam Amsterdam ( , ; ; ) is the capital of the Netherlands, capital and Municipalities of the Netherlands, largest city of the Kingdom of the Netherlands. It has a population of 933,680 in June 2024 within the city proper, 1,457,018 in the City Re ...

and the Specialist Fund Segment of the main market of the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

. The firm's investment objective is to generate distributable income and capital appreciation, and it aims to provide stable returns to investors across credit, equity, interest rate, and inflation cycles. Tetragon's investment manager is Tetragon Financial Management (TFM). TFM's investment committee includes Reade Griffith, Paddy Dear and Stephen Prince, and CEO of TFG Asset Management. Tetragon has offices in London and New York.

History

Tetragon Financial Group was founded in 2005. It is registered in

Saint Peter Port St. Peter Port () is a town and one of the ten parishes on the island of Guernsey in the Channel Islands. It is the capital of the Bailiwick of Guernsey as well as the main port. The population in 2019 was 18,958. St. Peter Port is a small tow ...

, Guernsey, in the

Channel Islands The Channel Islands are an archipelago in the English Channel, off the French coast of Normandy. They are divided into two Crown Dependencies: the Jersey, Bailiwick of Jersey, which is the largest of the islands; and the Bailiwick of Guernsey, ...

, and headquartered in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

. In 2007, Tetragon went public with an IPO, selling at $10/share, as an Amsterdam-listed closed-end investment company on

. In 2010, Tetragon acquired Lyon Capital Management LLC (LCM) and established a joint venture with

John Carrafiell John Carrafiell (born March 8, 1965) is an American businessman and real estate investor and the Co-CEO of BentallGreenOak. Education Carrafiell received his B.A. from Yale University in 1987. Career Carrafiell joined Morgan Stanley in 1987 and ...

, Sonny Kalsi, and Fred Schmidt of GreenOak Real Estate. In October 2012, Tetragon purchased Polygon Management (Polygon). In 2013,

The Hedge Fund Journal ''The Hedge Fund Journal'' is a monthly magazine focusing on the global hedge fund industry. Description ''The Hedge Fund Journal'' was formed in 2004 by Publisher Rod Sparks, a former industry lawyer, and is based in Mayfair, London, UK. The ...

listed Polygon as one of the 50 largest hedge fund managers in Europe. In 2014, Tetragon acquired Equitix, an investor, developer, and long-term fund manager of infrastructure and energy-efficient assets in the UK. Equitix has more than $12 billion in

assets under management In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...

. Also in 2015, Hawke's Point, an asset management company focused on the mining and resource sectors, was formed under the TFG Asset Management umbrella. In 2019, the GreenOak real estate joint venture was merged with Bentall Kennedy to create what is, as of 31 December 2022, an $82.6 billion global real estate platform called

BentallGreenOak BentallGreenOak, which uses the trade name BGO, is a real estate investment firm headquartered in Miami, Florida. The firm is the real estate investment arm of Sun Life Financial. It is considered one of the largest real estate investment firms ...

;

Business model

Tetragon has an investment portfolio with an NAV of $2.8 billion. TFG Asset Management is Tetragon's diversified asset management platform, and as of 31 December 2022 it had over $40 billion in Assets Under Management. TFG Asset Management currently consists of nine asset managers, including Polygon, Acasta Partners, LCM, Equitix, and BentallGreenOak.

Legal action

In July 2011, Daniel Silverstein, a shareholder of Tetragon, sued the firm. The suit was later dismissed in February 2012. In June 2013, Omega Overseas Partners filed a lawsuit against the firm. On 7 August 2014, in an opinion by Judge Richard J. Sullivan, the Court dismissed the Action in its entirety.

External links

www.tetragoninv.com

References

{{Reflist Private equity portfolio companies Financial services companies established in 2005 Asset management companies