Former TPG-Axon Capital partner Jeremy Schiffman and Andrew Immerman, a former portfolio manager at SAC Capital Advisors affiliate CR Intrinsic Investors, are preparing the first-quarter 2012 launch of Palestra Capital Management, a global long/short equity fund in New York. The pair has secured $155 million in anchor investments from Goldman Sachs and TPG Capital “related entities,” according to Palestra marketing materials. Schiffman, the chief investment officer and co-portfolio manager, was involved in financial, consumer, industrial and energy-related investments at TPG-Axon. Immerman, Palestra’s co-portfolio manager, most recently managed an industrial, media and business services portfolio at CR Intrinsic Investors.
TPG-Axon Capital Jeremy Schiffman SAC Capital Advisors Palestra Capital Management Andrew Immerman
