Taconic Capital Advisors
Taconic Capital Advisors is a global alternative investment manager founded in 1999 by former Goldman Sachs partners Frank Brosens and Ken Brody, specializing in market complexity, dislocation, and inefficiency.
Company Overview
Taconic Capital Advisors is a global alternative investment manager. Established in 1999 by former Goldman Sachs partners Frank Brosens and Ken Brody, the firm specializes in uncovering opportunities in market complexity, dislocation, and inefficiency. With a presence in New York and London, Taconic Capital offers a diverse range of investment strategies and structures, including opportunistic credit, merger arbitrage, catalyst-driven equities, and real estate.
Founders
Taconic Capital Advisors was founded by Frank Brosens and Ken Brody, both of whom are former partners at Goldman Sachs. Their extensive experience and strategic insights in the financial sector have been pivotal in establishing Taconic Capital as a leading alternative investment manager since its inception in 1999.
Investment Strategies
Taconic Capital Advisors manages a variety of investment strategies aimed at capitalizing on market inefficiencies. These include opportunistic credit, merger arbitrage, and catalyst-driven equities. The firm's real estate platform focuses on event-driven and relative-value investing across both public and private markets, utilizing evergreen, drawdown, and bespoke structures. Their credit strategy targets opportunities across the entire credit spectrum, globally, in both public and private markets.
Real Estate Investments
Taconic Capital's real estate investments are driven by event-driven and relative-value strategies. The firm has transacted in over $5.5 billion of CMBS market value, investing more than $3 billion across 175 distinct transactions and three dedicated CRE drawdown funds. Notable transactions include a $500 million distressed and opportunistic real estate fund closed in May 2022, a $56 million mezzanine refinancing of 11 West 42nd Street with Tishman Speyer in July 2023, and the acquisition of Hyatt Regency Jersey City with HEI Hotels & Resorts in December 2022.
Responsible Investing
Taconic Capital Advisors is committed to responsible investing. The firm established a Responsible Investing Policy and ESG Committee in 2020. This underscores their dedication to integrating environmental, social, and governance (ESG) considerations into their investment processes. The New York headquarters of Taconic Capital is also LEED Gold certified, reflecting their commitment to sustainability.
Recent Transactions
Taconic Capital Advisors has been actively involved in significant transactions recently. In 2023, they announced a $450 million partnership with a tech-enabled multifamily lender platform. In December 2022, they provided Burnett Equities with $95 million senior mortgage refinancing for the Martinique New York on Broadway. Additionally, they jointly acquired the Hyatt Regency Jersey City with HEI Hotels & Resorts in December 2022.