Asset ManagerRIA · CRD 107322SEC-RegisteredPrivate Fund Adviser

Updated:

Farallon Capital Management

Farallon Capital Management, L.L.C. is a San Francisco-headquartered global multi-strategy investment firm that invests in public and private assets worldwide.

Farallon Capital Management logo

Farallon Capital Management

Farallon Capital Management, L.L.C. is a San Francisco-headquartered global multi-strategy investment firm that invests in public and private assets worldwide. Founded in 1986, the firm employs critical thinking and rigorous bottom-up fundamental analysis to pursue extraordinary risk-adjusted returns with an emphasis on capital preservation (per firm website). Its opportunistic strategies include Credit, Long/Short Equity, Merger Arbitrage, Risk Arbitrage, Real Estate Investments, and Strategic Capital; ideas compete for capital based on in-depth risk-reward assessment, with portfolio-level risk managed via analytics and hedging (per firm website strategies page). As of 2026 the firm reports $44 billion in capital under management, more than 350 employees across seven global offices, and 100% ownership by working Partners (per firm website at-a-glance). Form ADV data indicate approximately $43.6 billion in discretionary AUM as of December 31, 2025 (per March 30, 2026 ADV filing). Leadership transitioned in 2025 with Nicolas Giauque becoming Managing Partner and Chief Investment Officer while Andrew Spokes serves as Executive Chair; the senior investment team averages 18 years of tenure (per firm About Us page). Offices include San Francisco headquarters, New York, London, Hong Kong, Singapore, Tokyo, and São Paulo. The firm primarily serves institutional clients including endowments, foundations, pensions, and high-net-worth individuals, guided by alignment of interests and values refined over four decades.

General information

Firm type

Generalist

Year founded

1986

AUM

$44B (firm website, 2026)

Location

Region

North America

Country

United States

City

San Francisco

Corporate office

One Hooper's Court

Principals

Nicolas Giauque

Managing Partner & Chief Investment Officer

Andrew Spokes

Executive Chair (Partner)

Dr. Thomas G. Roberts Jr.

Partner and Vice Chair

Cameron Hillyer

Partner and Chief Financial Officer

Mark C. Wehrly

Partner, Chief Operating Officer, and Special Counsel

Kirstin Lynch

Managing Director and Chief Compliance Officer

Sector focus

Diversified

Frequently asked questions

What is Farallon Capital Management?

Farallon Capital Management, L.L.C. is a global multi-strategy hedge fund and investment management firm that invests opportunistically across public and private assets worldwide using bottom-up fundamental analysis, headquartered in San Francisco and 100% owned by its working Partners.

When was Farallon Capital founded and by whom?

The firm was founded in 1986 by Thomas Steyer initially to invest in merger arbitrage; it registered with the SEC as an investment adviser in 1990 and has since expanded into multi-strategy investing.

What is Farallon’s current assets under management?

The firm reports $44 billion in capital under management on its official website (as of 2026). Its Form ADV annual updating amendment filed March 30, 2026 reports approximately $43.6 billion in discretionary AUM as of December 31, 2025.

What investment strategies does Farallon pursue?

Farallon pursues Credit, Long/Short Equity, Merger Arbitrage, Risk Arbitrage, Real Estate Investments, and Strategic Capital on an opportunistic basis, with capital allocated based on rigorous risk-reward analysis and portfolio-level hedging.

Who currently leads Farallon Capital Management?

Nicolas Giauque serves as Managing Partner and Chief Investment Officer (appointed 2025); Andrew Spokes is Executive Chair; other senior leaders include Vice Chair Dr. Thomas G. Roberts Jr., CFO Cameron Hillyer, and COO Mark C. Wehrly.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

Need institutional-grade insight on registered investment advisers?

Altss delivers:

Principals with verified direct contactsAllocation history by asset classOSINT-derived deal signals
Book a demo

Prefer a guided tour?

We’ll walk you through:

Interactive funding timelinesCustom mandate & allocation filters
Book a demo

Browse by category

More San Francisco Generalist profiles