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§ Hedge Fund · San Francisco, CA, USA
Global institutional investment management firm investing for institutions and high-net-worth individuals.
Farallon Capital Management is a global institutional investment management firm based in San Francisco, California, that deploys capital across multiple asset classes to generate risk-adjusted returns. Operating as a registered investment advisor, the firm utilizes adaptive, multi-strategy approaches, including merger arbitrage and direct investments, to manage approximately $42 billion in total assets under management. The organization employs a workforce of roughly 340 professionals to serve a diverse client base consisting of college endowments, charitable foundations, pension plans, sovereign wealth funds, and high-net-worth individuals. Key leadership figures include current Managing Partner Nicolas Giauque and Executive Chair Andrew Spokes, who previously assumed the chief executive role following the founder's retirement and departure from the firm, which ranked number twenty-five among the largest hedge funds in 2014. Farallon Capital Management was originally founded in 1986 by Thomas Steyer.
Key people at Farallon Capital Management.
Farallon Capital Management was founded in 1986 by Antenor Camargo (Co-Founder, Managing Partner - Head of Farallon Latin America).
Key people at Farallon Capital Management.
Farallon Capital Management was founded in 1986 by Antenor Camargo (Co-Founder, Managing Partner - Head of Farallon Latin America).
Farallon Capital Management operates as a global institutional asset management firm, dedicated to generating superior risk-adjusted returns for its clients through a disciplined, value-oriented investment philosophy. The firm’s mission centers on capital preservation and long-term growth, leveraging rigorous bottom-up fundamental analysis across a broad spectrum of asset classes—including equities, fixed income, real estate, and private investments. Farallon’s investment approach is flexible and adaptive, allowing it to shift focus among strategies and geographies in response to evolving market opportunities. With a global footprint and a portfolio spanning over 50 companies—including several unicorns—Farallon has played a significant role in shaping the growth trajectories of innovative startups and established enterprises alike, particularly in sectors such as healthcare, technology, and financial services.
Farallon Capital Management was founded in 1986 by Thomas Steyer in San Francisco, California, with an initial focus on merger arbitrage. Over the years, the firm evolved its strategy to include credit, real estate, direct investments, and corporate restructurings, adapting to major market shifts such as the junk bond collapse and the LBO and S&L crises. The firm adopted the Farallon name in 1990, inspired by the Farallon Islands off the San Francisco coast, and registered as an investment adviser with the SEC. Leadership transitioned in 2012 with Steyer’s retirement, and Andrew Spokes became co-Managing Partner in 2007, helping to guide the firm’s global expansion and modernization. Farallon’s ability to anticipate and respond to market disruptions has been a hallmark of its success.
Farallon Capital Management is riding the trend of global institutional investors seeking diversified, resilient portfolios in an era of rapid technological change and economic uncertainty. Its ability to invest across asset classes and geographies positions it to capitalize on emerging opportunities in tech-driven sectors such as healthcare, fintech, and digital infrastructure. The firm’s emphasis on fundamental analysis and risk management aligns with the growing demand for disciplined, long-term investing in volatile markets. By supporting corporate governance reforms and digital transformation, Farallon is helping to shape a more transparent, efficient, and sustainable global economy.
Looking ahead, Farallon Capital Management is poised to continue expanding its influence in the global asset management landscape, driven by its adaptive investment model and commitment to innovation. The firm’s ongoing digital transformation and focus on ESG (Environmental, Social, and Governance) factors will likely enhance its ability to attract institutional capital and support the next generation of high-growth companies. As market volatility persists and new technologies reshape industries, Farallon’s flexible, value-oriented approach will remain a key differentiator. In a world where resilience and adaptability are paramount, Farallon stands out as a trusted partner for institutions seeking both stability and opportunity.
Farallon Capital Management has more than 26 tracked investments across 22 companies. The latest tracked deal is $250.0M Series B in Mirador Therapeutics in January 2026.