What Jericho Capital does

Jericho Capital Asset Management L.P. is a privately held hedge fund and SEC-registered investment adviser that runs concentrated long/short equity portfolios focused on the technology, media, and telecommunications (TMT) sectors. Founded in 2009 by Josh Resnick—previously of TCS Capital, Bear Stearns, Fox Entertainment, and KPE—the firm operates as a limited partnership with Nick Cooley listed as co-founder and maintains offices in Los Angeles (headquarters) and New York. Public 13F-style disclosures show concentrated positions in five core names: Snowflake (the largest disclosed holding, built through Q4), Hewlett Packard Enterprise (added in Q3), Ciena, Nebius Group, and Madison Square Garden Entertainment, representing roughly $345.6M in disclosed long equity exposure.

The firm operates with a deliberately lean team of 1–10 employees, consistent with a principal-driven, high-conviction investment model. Its business model is the standard hedge fund construct: it pools capital from limited partners, charges a management fee (typically 1.5%–2% of AUM) plus a performance fee, and generates returns through concentrated, thesis-driven positioning in TMT equities and related instruments. The investment universe spans enterprise software (Snowflake), compute and infrastructure hardware (HPE), optical networking (Ciena), AI infrastructure (Nebius Group), and live entertainment (Madison Square Garden Entertainment)—indicative of a broad TMT mandate rather than a narrow sub-vertical focus.

Jericho's commercial positioning is anchored on the founder's track record and its thematic franchise in TMT, a niche in which many generalist hedge funds have underweighted exposure. Because the firm is private and does not publicly disclose AUM, LP composition, or fund performance, external visibility into revenue, growth, and fundraising momentum is limited. Its lean cost structure and concentrated book support operating efficiency, but the small headcount constrains capacity to scale mandates rapidly without additional hiring or operational build-out.

Name

Jericho Capital

Legal name

Jericho Capital Asset Management L.P.

Website

https://jerichocap.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Jericho Capital Asset Management L.P. is a TMT-focused hedge fund founded in 2009 by Josh Resnick, managing concentrated long/short equity portfolios in technology, media, and telecommunications from offices in Los Angeles and New York.

Ownership category

akta.pro rank

Product category

Hedge Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Equity Long/Short — TMT Focus (FSAHAAAJ)

Keywords

• Hedge fund management
• TMT investment strategies
• Event driven equity
• Long short equity
• Alternative asset management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Distribution channels1 record

Marketing channels1 record

Core offering

Jericho Capital Asset Management L.P. is a private hedge fund manager that invests in publicly traded equities within the technology, media, and telecommunications (TMT) sectors using event-driven, long/short, and special-situation strategies. Founded in 2009 and structured as a limited partnership, the firm operates discretionary capital from offices in Los Angeles and New York and serves institutional and other qualified limited partners.

Product overview

Jericho Capital Asset Management L.P. is an investment management firm that focuses on investing in the global technology, media, and telecommunications (TMT) sectors. Founded in 2009 by Josh Resnick, the firm operates as a hedge fund investment manager and does not offer software products or technology platforms. The firm manages investments on behalf of institutional investors and high-net-worth clients.

Differentiator

Problem solved

Functional benefit

Products and services

• TMT Event-Driven Equity Strategy A discretionary hedge fund mandate that invests in publicly traded technology, media, and telecommunications equities using event-driven approaches (e.g., corporate actions, restructurings, special situations) and is offered to institutional limited partners.
• TMT Long/Short Equity Strategy A long/short public-equity mandate focused on the TMT sector, taking long positions in favoured TMT issuers and short positions in less-favoured TMT issuers, delivered to qualified institutional and family-office limited partners.
• TMT Special Situations Strategy An investment strategy that pursues special-situations opportunities (e.g., restructurings, spin-offs, regulatory-driven catalysts) within the TMT sector, offered alongside the firm's broader hedge fund mandates to its limited partner base.

Quantifiable outcome

• $345.6 million position in Snowflake representing concentrated technology sector investment

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Coatue Management: Large, technology-focused hedge fund manager investing in public and private TMT companies globally. Directly comparable in TMT sector specialization and willingness to take concentrated equity positions in growth technology names.
• Whale Rock Capital Management: Concentrated long/short hedge fund with significant TMT exposure and similar headcount scale to Jericho. Directly comparable as a research-intensive, technology-sector-focused manager deploying concentrated capital.
• Eminence Capital: Mid-sized long/short equity manager with substantial TMT holdings. Comparable in fund size, sector concentration, and concentrated equity strategy focused on large-cap growth technology names.
• Altimeter Capital: Technology-focused long-only and long/short manager founded by Brad Gerstner. Directly comparable as a dedicated TMT investor with concentrated positions in high-growth platform companies and a research-driven public-market approach.
• Foxhaven Asset Management: Technology-focused long/short manager founded by ex-TMT specialists. Directly comparable as a sector-concentrated public-equity fund with similar headcount profile and a TMT-only investment universe.
• TCS Capital: Global TMT-focused hedge fund where Jericho founder Josh Resnick was previously a key principal. Most directly comparable in sector mandate and concentrated investment approach; in many respects Jericho is the founder-successor vehicle to TCS Capital's TMT franchise.
• Velan Capital Management: Concentrated long/short equity manager with material TMT exposure and founder-led investment process. Comparable to Jericho in mandate, firm size, and high-conviction technology positioning.

Broad incumbents

• Tiger Global Management: Mega-fund with deep public-and-private TMT franchise spanning cloud, internet, and software. Comparable in TMT focus, though substantially larger and with a private-investing dimension Jericho does not pursue.
• Lone Pine Capital: Established large-cap long/short manager with significant TMT exposure across software, internet, and hardware. Comparable as a research-intensive fundamental manager, though more diversified across other sectors.
• Point72 Asset Management: Large multi-strategy and long/short equity platform with dedicated TMT coverage. Comparable as a fundamental long/short equity manager, though substantially larger and more diversified than Jericho.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/jericho-capital-asset-management-l-p

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jericho Capital