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Glenview Capital
Glenview Capital: Larry Robbins' hedge fund and private credit firm founded in 2001, focused on healthcare long-short equity and direct investments.
Glenview Capital
Larry Robbins launched Glenview Capital in 2001 with $800M from institutions including the Baupost Group and endowments, establishing a long-short equity platform with a heavy tilt toward US healthcare. Robbins began his career at SAC Capital, where he had run a healthcare portfolio, and built Glenview into a $14B+ peak AUM operation by the mid-2010s. The firm's investment strategy spans long-short equity, private credit, and special situations. Glenview has held notable positions in HCA Healthcare, Tenet Healthcare, and LifePoint Health, and has engaged in activist campaigns at companies like Community Health Systems. Geographically, the firm focuses on the US and Western Europe. Glenview once employed over 50 professionals across offices in New York, Chicago, and Washington. By 2016, the firm faced significant redemptions and closed its main hedge fund to new capital, shifting toward a more private vehicle structure. The firm operates a private credit arm, Glenview Capital Credit Partners, and a real estate unit. A structural differentiator is Glenview's concentrated healthcare specialization—Robbins and his team have deep sector expertise that enables activist involvement, rare among long-short equity shops. The firm's shift from hedge fund to private credit and direct investing reflects a broader trend among managers seeking sticky capital.
General information
Firm type
Asset Manager
Year founded
2001
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Chicago · Washington
Principals
Larry Robbins
Founder & Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Glenview Capital?
Larry Robbins, founder and CEO, leads all investment decisions. Robbins has run Glenview since founding it in 2001 after leaving SAC Capital. He personally manages the healthcare-focused portfolio.
How does Glenview Capital source proprietary deals?
Glenview leverages its healthcare sector expertise to identify special situations and activist opportunities. The firm engages with management teams and boards to push operational changes, and uses its private credit arm for direct lending.
Is Glenview Capital structured as a single family office or a hedge fund?
Glenview Capital operates as an asset manager, not a family office. It manages external capital from institutions and accredited investors through hedge funds and private credit vehicles.
Does Glenview Capital participate in fund commitments or only direct deals?
Glenview runs pooled investment vehicles—its flagship hedge fund and private credit fund—and also uses special purpose vehicles for specific investments. It has made direct investments in healthcare companies.
What investment stages does Glenview Capital typically target?
Glenview primarily invests in public equities through long-short positions, but also participates in private credit and special situations. It has engaged in activist positions in distressed healthcare companies.
Which sectors does Glenview Capital explicitly focus on?
Healthcare is the dominant focus: hospitals, healthcare services, biotech, and pharmaceuticals. The firm also has exposure to private credit and real estate, but healthcare drives its strategy.
Where does the underlying wealth come from at Glenview Capital?
Glenview manages external capital from institutional investors such as the Baupost Group, endowments, and other large allocators. Larry Robbins' personal wealth is tied to the firm's performance, but the firm is not a family office.
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