D1 Capital Partners' private investment strategy created mixed outcomes for portfolio company workers. The firm marked down 49 private companies in 2023 alone, with the private book losing 10% and eating into public portfolio gains. Dan Sundheim's crossover approach—60% of $19B assets in private investments—meant portfolio companies faced pressure during the 2022-2023 funding drought. However, the firm reported a "thawing" in private markets by late 2023 and delivered 44% returns in 2024.
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D1 Capital hedge fund approach. Portfolio company cuts during drawdown.
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D1 Capital Partners — Layoffs: OPPOSED D1 Capital hedge fund approach. Portfolio company cuts during drawdown. https://reciepts.tech/stance/787