Description
Standard General is an American hedge fund headquartered in New York City. It was founded in 2007 by Soohyung "Soo" Kim and Nicholas Singer with seed capital from Reservoir Capital Group. Since 2013, Soo Kim has been the Managing Partner and Chief Investment Officer. In 2016 Standard General L.P. was the recipient of the New York City Comptroller's Office Diverse Practitioner Award.
Standard General was active in managing the bankruptcies of Aliante Casino and Hotel, American Apparel, Greektown, RadioShack and Young Broadcasting, which became Media General.
As reported in the 2019 10K, Standard General L.P. is the largest shareholder of Bally's Corporation.
Investment strategies
Standard General pursues a single strategy of opportunistic investing primarily in levered U.S. middle-market companies. The firm has the ability to invest across the capital structure but is better known for specializing in distressed debt. Since 2007, it has invested in both publicly traded and private entities and is known for making several control investments.
