Standard General LP
Standard General L.P. is a privately-held, SEC-registered investment adviser founded in 2007 that runs an event-driven, mid-market hedge fund strategy, taking control positions in dislocated public companies for institutional and high-net-worth investors while dynamically hedging via short positions.
- Company typePrivate
- Founded2007
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Standard General LP does
Standard General L.P. is a privately-held, SEC-registered investment adviser founded in 2007 and headquartered in New York City. The firm manages capital for institutional investors, high-net-worth individuals, and employees through an event-driven, opportunistic investment strategy that takes a private equity-like approach to public companies. The investment philosophy targets mid-market, dislocated public companies — "in the seams" between debt and equity and between public and private markets — where the firm seeks to acquire control positions, work constructively with management, and resolve operational and capital-structure issues that create valuation overhangs. The portfolio is dynamically hedged through short positions in equities and credit to generate alpha and manage downside during periods of market volatility.
The firm is built around a small, experienced team: a stated headcount of 17, including seven investment professionals, led by founder, Managing Partner, and Chief Investment Officer Soohyung "Soo" Kim, who has specialized in distressed and special-situations investing since 1997. Standard General does not offer discrete technology products; its sole offering is its investment management services, with revenue generated through standard hedge fund economics — management fees on committed capital and performance/incentive fees on returns — to a limited base of qualified LPs.
The firm's most significant strategic actions have been large control acquisitions in public companies, including Tegna in 2022 (~$5.4 billion) and Bally's Corporation in 2024 (~$4.3 billion), with Standard General and its affiliates holding more than 50% of Bally's voting power and Kim serving as Executive Chairman effective January 27, 2026. Distribution is conducted through direct institutional relationships and an investor portal administered by Citco, with marketing limited to qualified investors in jurisdictions where the firm is permitted to solicit.
Standard General LP firmographics
Firmographics- Name
- Standard General LP
- Legal name
- Standard General L.P.
- Website
- http://www.standardgenerallp.com/
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Standard General L.P. is a privately-held, SEC-registered investment adviser founded in 2007 that runs an event-driven, mid-market hedge fund strategy, taking control positions in dislocated public companies for institutional and high-net-worth investors while dynamically hedging via short positions.
- Ownership category
- akta.pro rank
Standard General LP industry classification
Industry- Product category
- Hedge Fund / Alternative Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Fundamental/Discretionary Equity Long/Short (FSAHAAAA)
Keywords
Where Standard General LP is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Standard General LP business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Investment Management Fees: Standard General operates as an SEC-registered investment adviser managing funds for institutional investors, high-net-worth individuals, and employees. Revenue is generated through standard hedge fund fee structures including management fees and performance/incentive fees.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Standard General LP product offering
Product offeringCore offering
Standard General L.P. is an SEC-registered investment adviser that manages hedge funds for institutional investors, high-net-worth individuals, and employees. The firm employs an event-driven and opportunistic strategy, taking a private equity-like approach to invest in public companies while shorting equities and credit to generate alpha and manage risk. The firm seeks opportunities across the capital structure at the intersection of public and private markets, focusing on mid-market, distressed, and special situations investments.
Product overview
Standard General L.P. is an SEC-registered investment adviser that provides investment management services to institutional investors, high-net-worth individuals, and employees. The firm employs an event-driven and opportunistic strategy, taking a private equity-like approach to invest in public companies while shorting equities and credit to generate alpha and manage risk during periods of market volatility. The firm seeks opportunities across the capital structure at the intersection of public and private markets, investing opportunistically and dynamically in debt and equity securities. Standard General does not offer discrete technology products or modules; its sole offering is its investment management and fund management services.
Differentiator
Problem solved
Functional benefit
Products and services
- Event-Driven Hedge Fund Management
- Distressed and Special Situations Investing
- Control Position Activist Investing
Companies that use Standard General LP
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Standard General LP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Standard General LP partnerships and signals
Strategic signalScale indicators2 records
Recent moves4 records
Expansion highlights4 records
Standard General LP competitors and assessment
Company assessmentDirect peers
- Pershing Square Capital Management: Activist/event-driven hedge fund that takes large, often control-oriented positions in public companies and works actively with management to drive value. Highly comparable to Standard General's PE-like approach to public equities and willingness to pursue control stakes.
- Greenlight Capital: Event-driven, value-oriented hedge fund using long/short equity and credit positioning to generate alpha. Similar fundamental/discretionary approach to Standard General's strategy of identifying dislocated situations and hedging dynamically.
- Silver Point Capital: Credit-focused alternative asset manager specializing in distressed debt, special situations, and opportunistic credit. Comparable to Standard General's "in the seams" strategy at the debt/equity intersection.
- Centerbridge Partners: Alternative investment firm focused on distressed credit, special situations, and control investments in mid-market companies. Directly comparable in thesis (distressed + control + active ownership) and target market.
- Marathon Asset Management: Credit-focused alternative asset manager specializing in distressed and event-driven opportunities across the capital structure. Comparable mid-market orientation and credit/equity crossover investing.
- Cyrus Capital Partners: Distressed and event-driven hedge fund where Soo Kim previously served as Founding Partner and Director of Research. Directly comparable mandate and culture to Standard General, sharing common DNA.
- Davidson Kempner Capital Management: Multi-strategy hedge fund with deep event-driven and distressed expertise, taking positions across the capital structure. Comparable to Standard General's debt/equity crossover and special situations focus.
- Knighthead Capital Management: Distressed and special situations hedge fund with experience in distressed debt, restructurings, and control-oriented investments. Directly comparable to Standard General's distressed/special situations mandate.
- Sculptor Capital Management: Multi-strategy alternative asset manager (formerly Och-Ziff) with significant event-driven and credit exposure. Comparable fundamental/event-driven mandate, and connected to Soo Kim's prior career at Och-Ziff.
Broad incumbents
- Apollo Global Management: Large alternative asset manager with significant distressed credit and control-oriented private equity franchises. A scaled, broad incumbent operating in many of the same special situations and capital structure arbitrage themes as Standard General.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Standard General LP social profiles
Digital presenceStandard General LP financial estimates
Financial estimateRevenue estimate
Valuation estimate
Standard General LP leadership team
Management profileNumber of profiles
Profiles1 record
Standard General LP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Standard General LP M&A and investment
M&A and investmentM&A2 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Standard General LP
What does Standard General LP do?
Standard General L.P. is an SEC-registered investment adviser that manages hedge funds for institutional investors, high-net-worth individuals, and employees. The firm employs an event-driven and opportunistic strategy, taking a private equity-like approach to invest in public companies while shorting equities and credit to generate alpha and manage risk. The firm seeks opportunities across the capital structure at the intersection of public and private markets, focusing on mid-market, distressed, and special situations investments.
Is Standard General LP a public or private company?
Standard General LP is a private company. It is classified as management employee owned and is currently operating.
When was Standard General LP founded?
Standard General LP was founded in 2007. It employs 11 to 50 people.
Where is Standard General LP based?
Standard General LP is headquartered in New York, United States, in the North America region.
How does Standard General LP make money?
One revenue line is on record: investment Management Fees.
Who are Standard General LP's main competitors?
Direct peers on record are Pershing Square Capital Management, Greenlight Capital, Silver Point Capital, Centerbridge Partners, Marathon Asset Management, Cyrus Capital Partners, Davidson Kempner Capital Management, Knighthead Capital Management and Sculptor Capital Management. Apollo Global Management is listed as a broad incumbent.
Does Standard General LP have an API?
No public API is recorded for Standard General LP.
What industry is Standard General LP in?
Standard General LP's product category is Hedge Fund / Alternative Asset Management. Its primary akta.pro industry code is FSAHAAAA, Fundamental/Discretionary Equity Long/Short. Its NAICS code is 523940 and its SIC code is 6282.