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Opalesque Exclusive: Former Brahman Partner Cara Goldenberg receives substantial seed money from family office to launch Western European-focused L/S special situation fund
Kirsten Bischoff, Opalesque New York: According to a letter obtained by Opalesque, Cara Goldenberg, formerly with Brahman Capital LP and Carlyle Blue-Wave, recently formed Permian Investment Partners, a long/short equity fund specializing in Western European investments. Opalesque has learned Goldenberg has reunited the team she worked closely with at Brahman, secured sizeable seed capital, and intends to launch her value-oriented, special situations fund this summer.
The philosophy behind Permian (which is significantly named after the deepest level of Earth) is depth of research, stability, and a long-term investment approach. It continues a strategy Goldenberg oversaw at Brahman with positions accounting for $2+bln. The investment focus includes evaluating firms based on management excellence and the culture of corporate ownership rather than taking an event driven view of the markets. It is a strategy which Goldenberg has shown in the past can allow early access to undervalued companies, especially as a corporate manager moves from place to place. Further, Permian will primarily focus on Western Europe, as, in her view, the region offers plentiful and high-quality opportunities for management driven value creation.
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