LUXOR CAPITAL GROUP, LP

Thesis

The firm employs a multi-strategy approach, encompassing hedge fund, private equity, and securitized-asset strategies, as well as other alternative approaches. Their core strategy is a fundamentally driven and opportunistic "Hedge Fund Approach" that utilizes multiple strategies across the capital structures of U.S. and non-U.S. companies, trading a wide variety of domestic and foreign securities and financial instruments, with a potential increased focus on credit-, asset-, and event-oriented situations. Luxor also offers a "Closed-End Approach" concentrating on private companies through direct/indirect investments, negotiations with selling shareholders, and secondary marketplaces for private securities. The firm generally invests in securities without regard to market capitalization, geographic location, or market sector and may engage in short-selling. As of August 2026, AUM was approximately $5.04 billion, with 17 private funds holding combined gross assets of $5.2 billion. While specific geographic and stage preferences are not detailed, the firm invests in both U.S. and non-U.S. companies and shows interest in private companies. The typical check size is not stated, but the average account size managed is around $136 million to $146.7 million.