The 2014 Hedge Fund Rising Stars: Jeremy Schiffman
Schiffman left a partner gig at TPG-Axon in 2011 to found Palestra Capital Management with fellow Hedge Fund Rising Star Andrew Immerman.
Palestra Capital Management co-founders Jeremy Schiffman and
Andrew Immerman met in college but became firm friends
while working in private equity in San Francisco —
Schiffman for TPG Capital and Immerman for a TPG spin-out. The
two had remarkably similar backgrounds: Both Immerman and
Schiffman, 39, graduated from the Wharton School of the
University of Pennsylvania and worked in investment banking at
Goldman Sachs Group. After a stint at TPG, Schiffman, who grew
up in Miami, was a prelaunch hire at TPG-Axon Capital
Management, the New York–based hedge fund firm founded in
2004 by former Goldman proprietary trader Dinakar Singh, with
backing from TPG. Schiffman stayed with TPG-Axon, where he was
a partner, until 2011, when he left to form New York–based
Palestra with Immerman. The $900 million, long-short equity,
value-focused, event-driven fund has funding from Goldman and
several TPG Capital partners.