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Selected Objectives
SELECTED OBJECTIVES LLC is an SEC-registered investment adviser in PORT ST. LUCIE, FL. It has 1 employee and 1 investment adviser. The firm is based in Florida.
Selected Objectives
SELECTED OBJECTIVES LLC is an SEC-registered investment adviser in PORT ST. LUCIE, FL. It has 1 employee and 1 investment adviser. The firm is based in Florida.
General information
Firm type
Single Family Office
Location
Region
North America
Country
United States
City
Port St. Lucie
Corporate office
New York, NY, United States
Principals
Philip Falcone
Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Selected Objectives?
Philip Falcone is the sole decision-maker. He built his reputation at Harbinger Capital, where he led the subprime short that generated billions in 2007. At Selected Objectives, Falcone oversees all capital allocation without a disclosed investment committee.
Is Selected Objectives structured as a single family office or does it operate more like a hedge fund?
It is a single-family office managing Falcone's personal capital. Unlike Harbinger Capital, which managed external client money, Selected Objectives deploys proprietary capital and does not market itself to institutional allocators.
Where does the underlying wealth come from?
The wealth originates from Falcone's tenure at Harbinger Capital Partners. Harbinger's $11 billion profit from shorting subprime mortgage securities in 2007 established the fortune, though later fund losses and a 2013 SEC settlement reduced the amount available for the family office.
What investment stages and structures does Selected Objectives typically target?
The firm focuses on distressed and opportunistic situations — often acquiring debt at a discount, providing rescue financing, or purchasing commercial real estate through complex restructurings. It typically invests directly rather than through third-party funds.
Does Selected Objectives participate in fund commitments or only direct deals?
The firm overwhelmingly favors direct investments. The structure mirrors Falcone's Harbinger approach of concentrated, hands-on positions rather than diversified fund-of-fund allocations, though limited public disclosure makes a complete picture unavailable.
Profile maintained by Altss 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.
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