Standard General L.P.
Standard General L.P. is a hedge fund headquartered in New York City, founded in 2007 by Soohyung Kim and Nicholas Singer. The firm specializes in event-driven and opportunistic strategies, focusing on levered U.S. middle-market companies and distressed situations. Its team consists of around 12–17 professionals, serving institutional investors, public and private pension plans, endowments, foundations, high-net-worth individuals, and employees.
Investment Strategy
Standard General pursues an event-driven and opportunistic investment strategy, primarily investing in levered middle-market companies undergoing significant changes or distress. The firm seeks out valuation dislocations, targets control positions in public companies to enable operational or governance improvements, and invests dynamically across the capital structure, including both public and private entities. This approach seeks to generate uncorrelated and differentiated returns, exploiting inefficiencies at the intersection of debt and equity, as well as public and private markets.
Top Holdings
Equity Positions (3)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BALY | BALLYS CORPORATION | 89.18% | $342.6M | 35,759,744 | $12.30 | $9.58 | -$97.3M |
M MDIA | MEDIACO HLDG INC | 10.65% | $40.9M | 37,531,996 | $2.43 | $1.09 | -$1.9M |
T TPB | TURNING PT BRANDS INC | 0.17% | $666.5K | 8,796 | $27.52 | $75.77 | +$143.6K |