Harbinger Capital Partners is a private investment firm specializing in event/distressed strategies. Founded in 2001 with Philip Falcone as the Chief Investment Officer, Harbinger Capital Partners seeks to invest in alpha-generating ideas that are uncorrelated to investment cycles.
Harbinger seeks investments that typically fall into the following four categories:
- Event – investments in companies where the Harbinger team identifies a significant opportunity to actively engage with a company to unlock value;
- Distressed/Bankruptcy – investments in companies that are already in default, in bankruptcy, or in some other stage of financial failure or distress;
- Value – passive investments in securities where Harbinger believes a positive catalyst for value realization is already present; and
- Corporate Shorts – passive investments where Harbinger views the security to be overvalued or believes weakening fundamental trends or identifiable negative catalysts are apparent.
Philip Falcone leads Harbinger's investment team, relying on his extensive experience in distressed debt, leveraged finance, and special situations across an array of market cycles.