MHR Fund Management
MHR Fund Management is a New York-based private investment firm founded in 1996 that manages over $5 billion across special situations strategies, serving institutional investors, family offices, and middle-market borrowers.
- Company typePrivate
- Founded1996
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What MHR Fund Management does
MHR Fund Management LLC is a New York-based private investment firm founded in 1996 by Mark H. Rachesky that manages over $5 billion of capital as of December 31, 2024 across multiple private equity fund vintages. The firm pursues a value-oriented, special situations strategy organized around six integrated product lines: Special Situations Credit, Special Situations Equity, Mortgage Finance/NPLs, Capital Solutions, Life Settlements, and Litigation Finance. MHR targets mispriced, deeply undervalued opportunities across the capital structure and seeks to accumulate positions of influence or control, operating as a hands-on manager across multiple market cycles. The firm differentiates through an in-house legal team that supports structuring and negotiation of complex situations, and through proprietary deal flow sourced over 25+ years of relationships. MHR serves two principal customer sets: qualified institutional investors, family offices, and high-net-worth individuals (including IRAs) who provide fund capital via direct institutional sales and an IntraLinks-hosted investor portal; and middle-market borrowers seeking flexible, senior secured capital solutions and bespoke financing outside traditional capital markets. Revenue is generated through standard private fund economics — recurring management fees on AUM plus performance fees/carried interest on investment returns — though specific fee terms are not publicly disclosed. The firm operates from a single Midtown Manhattan headquarters (40 West 57th Street, Floor 24) with 11–50 employees and no proprietary technology platform referenced in available sources.
MHR Fund Management firmographics
Firmographics- Name
- MHR Fund Management
- Legal name
- MHR Fund Management LLC
- Website
- https://mhrfund.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- MHR Fund Management is a New York-based private investment firm founded in 1996 that manages over $5 billion across special situations strategies, serving institutional investors, family offices, and middle-market borrowers.
- Ownership category
- akta.pro rank
MHR Fund Management industry classification
Industry- Product category
- Private Equity / Special Situations Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282), Mortgage Bankers & Loan Correspondents (6162), Asset-Backed Securities (6189)
- akta.pro primary industry
- Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF)
Keywords
Where MHR Fund Management is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MHR Fund Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Management Fees: MHR Fund Management LLC charges management fees on assets under management as a private investment firm. Specific fee structures are not publicly disclosed.
- Performance Fees / Carried Interest: As a private equity and special situations investment manager, MHR likely earns carried interest on investment returns in addition to management fees, aligned with standard private fund economics.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Private fund investment — terms not publicly disclosed |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
MHR Fund Management product offering
Product offeringCore offering
MHR Fund Management LLC is a New York-based private investment firm founded in 1996 that manages over $5 billion of capital in special situations funds. The firm invests in deeply undervalued middle-market opportunities across the capital structure, including first lien debt at a discount, special situations equity, mortgage finance and non-performing loans (NPLs), life settlements, and litigation finance, employing a value-oriented, hands-on approach across multiple private equity fund vintages.
Product overview
MHR Fund Management is a private investment firm offering a unified platform of six integrated investment products under its special situations strategy umbrella. The core offerings include Special Situations Credit (debt investments), Special Situations Equity, Mortgage Finance/NPLs, Capital Solutions, Life Settlements, and Litigation Finance. These products share a common investment philosophy focused on deeply undervalued, middle-market opportunities with asymmetric risk/reward potential, and are managed by a cohesive team leveraging in-house legal expertise to navigate complexity across various market cycles.
Differentiator
Problem solved
Functional benefit
Products and services
- Special Situations Credit
Companies that use MHR Fund Management
Customer profileSegments2 records
Ideal customer profiles2 records
MHR Fund Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
MHR Fund Management partnerships and signals
Strategic signalScale indicators2 records
Recent moves4 records
Expansion highlights4 records
MHR Fund Management competitors and assessment
Company assessmentDirect peers
- King Street Capital Management: Global special-situations fund manager investing across distressed, value, and credit strategies. Mirrors MHR's focus on asymmetric risk/reward special-situations returns for institutional investors and active post-investment value creation.
- Centerbridge Partners: Alternative asset manager specializing in distressed and special-situations investing across credit and equity. Comparable to MHR's value-oriented, hands-on approach to mispriced middle-market opportunities and positions of influence.
- Angelo Gordon (TPG Angelo Gordon): Multi-strategy alternative credit and special-situations manager offering credit, real-estate, and structured solutions. Closely comparable to MHR's six-product special-situations platform and its focus on senior-secured bespoke capital solutions to middle-market borrowers.
- Marathon Asset Management: Credit and special-situations manager with strategies spanning corporate credit, structured products, and asset-based finance. Comparable to MHR's mortgage, NPL, and structured-product mandate across the capital structure.
- Värde Partners: Global alternative investment firm focused on special situations, distressed, and value-oriented credit across the capital structure. Highly comparable to MHR's mandate of purchasing discounted first-lien debt, accumulating positions of influence, and serving institutional investors with less-correlated portfolios.
- Sixth Street Partners: Global investment firm focused on flexible capital, including bespoke senior-secured financing to middle-market borrowers. Closely comparable to MHR's Capital Solutions and Special Situations Credit strategies.
Broad incumbents
- Apollo Global Management: Major alternative asset manager with extensive credit, special-situations, and capital-solutions capabilities across the capital structure. Relevant to MHR as a benchmark institutional capital-solutions and special-situations competitor at significantly larger scale.
- Fortress Investment Group: Diversified alternative asset manager with significant credit, special-situations, and NPL exposure. Comparable in mandate overlap with MHR's special-situations, mortgage/NPL, and capital-solutions strategies.
- Oaktree Capital Management: Large, established alternative investment manager with a flagship focus on distressed debt and special situations, plus private credit and real estate. Operates at much greater scale than MHR but addresses highly overlapping institutional investor needs in special-situations mandates.
Emerging players
- GoldenTree Asset Management: Alternative credit-focused manager spanning distressed, structured credit, and asset-based finance. Comparable to MHR's credit and NPL strategies, though more concentrated in fixed-income special situations rather than the full capital-structure mandate.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
MHR Fund Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
MHR Fund Management leadership team
Management profileNumber of profiles
Profiles1 record
MHR Fund Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MHR Fund Management M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MHR Fund Management
What does MHR Fund Management do?
MHR Fund Management LLC is a New York-based private investment firm founded in 1996 that manages over $5 billion of capital in special situations funds. The firm invests in deeply undervalued middle-market opportunities across the capital structure, including first lien debt at a discount, special situations equity, mortgage finance and non-performing loans (NPLs), life settlements, and litigation finance, employing a value-oriented, hands-on approach across multiple private equity fund vintages.
Is MHR Fund Management a public or private company?
MHR Fund Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MHR Fund Management founded?
MHR Fund Management was founded in 1996. It employs 11 to 50 people.
Where is MHR Fund Management based?
MHR Fund Management is headquartered in New York, United States, in the North America region.
How does MHR Fund Management make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are performance Fees / Carried Interest.
Who are MHR Fund Management's main competitors?
Direct peers on record are King Street Capital Management, Centerbridge Partners, Angelo Gordon (TPG Angelo Gordon), Marathon Asset Management, Värde Partners and Sixth Street Partners. Broad incumbents are Apollo Global Management, Fortress Investment Group and Oaktree Capital Management. GoldenTree Asset Management is listed as an emerging player.
Does MHR Fund Management have an API?
No public API is recorded for MHR Fund Management.
What industry is MHR Fund Management in?
MHR Fund Management's product category is Private Equity / Special Situations Investment Management. Its primary akta.pro industry code is FSAHAKAF, Private Markets Fund of Funds (PE / VC / Private Credit FoF). Its NAICS code is 523940 and its SIC code is 6282.