MHR Fund Management

MHR Fund Management LLC is a New York-based private investment firm founded in 1996, specializing in special situations, distressed securities, and undervalued opportunities. The firm manages over $5 billion in assets as of late 2024, with a value-oriented approach focused on asymmetric risk/reward and accumulating positions of influence.

Mark H. Rachesky (born 1960), founder and Chief Investment Officer of New York-based MHR Fund Management LLC since 1996, is a prominent activist investor managing around $5-6 billion in assets focused on distressed securities, leveraged buyouts, and value opportunities across industries like entertainment, biotech, and energy. Holding a B.S. in Molecular Aspects of Cancer from the University of Pennsylvania, an M.D. from Stanford University School of Medicine, and an M.B.A. from Stanford Graduate School of Business, he previously served as sole Managing Director and chief investment advisor to Carl C. Icahn at Icahn Holdings Corporation after working for an affiliate of the Robert M. Bass Group. Rachesky chairs boards at Lionsgate Entertainment Corp. and Telesat Corp., invests heavily in biotechnology for unmet medical needs, and supports philanthropy through organizations like Mount Sinai Children’s Center Foundation and Columbia University Medical Center.

Nil

Companies with fund stakes involved in activist actions such as 13D filing(s) or proxy campaign(s).