Appaloosa LP
Investment Details
Investor Type
Hedge Fund
Asset Class Focus
Fixed Income (Debt and Bonds), Equity, Distressed and Special Situations
Stage Focus
Distressed, Buyout, Turnaround
Geographical Focus
United States, United Kingdom, Canada, Germany, Japan, Australia, Singapore, China, India, Brazil, France, Italy, Switzerland, Spain, Mexico, South Korea, Netherlands, South Africa, Russia, Sweden
Industries Focus
- Financial Services
- Technology
- Healthcare
- Energy
- Consumer Goods
- Industrials
- Real Estate
- Materials
- Telecommunications
- Utilities
- Transportation
- Consumer Services
- Basic Materials
- Consumer Non-Durables
- Consumer Durables
Investment Size:
100,000,000 to 5,000,000,000 USD
Investor Details
Appaloosa LP is a hedge fund based in Short Hills, New Jersey, specializing in distressed debt and other high-yield investments. Founded in 1993 by David Tepper and Jack Walton, the firm manages assets across public equity and fixed income markets globally. Appaloosa's investment strategy focuses on undiversified, concentrated positions, including high-yield bonds, bank loans to highly-leveraged companies, sovereign debt, and securities of financially-distressed companies. The firm has a history of significant returns, notably achieving a 132.7% net return in 2009. In 2019, David Tepper announced plans to convert Appaloosa into a family office, returning outside capital to investors and focusing more on managing his personal wealth and the Carolina Panthers NFL franchise. As of March 2025, Appaloosa LP reported assets under management of approximately $13.8 billion, with a portfolio that includes positions in companies like Alibaba Group Holding Ltd and UnitedHealth Group Inc. The firm's investment approach is characterized by a fundamental analysis to identify undervalued opportunities, aiming to achieve annual returns substantially exceeding those derived from traditional buy-and-hold strategies. Appaloosa's client base consists of high-net-worth individuals, pension and profit-sharing plans, corporations, foreign governments, foundations, universities, and other organizations. The firm operates out of offices in Short Hills, New Jersey, and Miami Beach, Florida.
Requirements
- High-yield bonds
- Bank loans to highly-leveraged companies
- Sovereign debt
- Securities of financially-distressed companies
Contact
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