D1 Capital Partners is an American investment firm based in New York City, United States. The firm invests in both public and private markets.
D1 Capital Partners was founded in July 2018 by Daniel Sundheim. Sundheim was previously the Chief investment officer of Viking Global Investors and put in more than $500 million of his own money to start the firm.
The firm originally managed $3 billion of capital which rose to $20 billion by the end of 2020 with annualized returns of nearly 30%.
In January 2021, the firm lost $4 billion (20% of its capital) due to the GameStop short squeeze.
In June 2021, the firm signed a 10 year lease to open another office in Miami, Florida.
D1 Capital Partners invests on behalf of investors globally, including family offices, sovereign wealth funds, pension funds etc.
The firm focuses on the companies within the industrials, real estate, technology, financial services and healthcare sectors.
Regarding the public markets, the firm invests in publicly traded shares and other related securities such as equity derivatives and convertible bonds. It utilizes a global Long/short equity strategy with a focus on medium to long-term returns.
Regarding the private markets, the firm primarily focuses on taking later-stage, non-controlling stakes in companies in order to help them further expand.