Kevin Dietsch/Getty Images
Ning Jin is building out his team.
The roster of the former Viking Global CIO’s new fund, Avantyr Capital, is taking shape. The firm filed its first ADV, a regulatory filing required of all hedge funds, this week.
While it didn’t state its assets under management, the regulatory filing claims to have 19 people working at the closely watched launch, 10 of whom are investment staff. The manager, which lists its headquarters in midtown Manhattan at 450 Park Avenue, has brought on investors from Coatue, KKR, Blackstone, and more before launch.
The filings state that the firm will focus on investing in companies in the following sectors: technology, media, telecoms, consumer, financials, and industrials. According to people close to the manager, past media reports, and LinkedIn, Jin has hired the following people to work in investing roles at his firm:
- Terrence Cheng, formerly at L2 Capital and Tybourne Capital in Hong Kong, who, according to Bloomberg, will lead industrials research
- Adam Marcus, a onetime investor at Maven and Jason Karp’s Tourbillon Capital, who will be leading financials, according to Bloomberg
- Lea Zhang, who invested in American and Chinese tech and consumer companies at Coatue
- Christopher Parks, who was an analyst at now-shuttered Tiger Cub Matrix Capital
- Andrew Seketa, a Blackstone associate who is set to be a TMT analyst at Avantyr
- Christopher Fletcher, a onetime KKR staffer who is now an analyst
These six join Jin and two early investing hires — former Viking analyst Alex Mendez and ex-Tourbillon executive Sunjay Mishra — as the prelaunch team, along with head trader Niraj Bhatt, investor relations head Lauren Lyons, COO Kelly Skura, and general counsel Vanessa Di Simone, among others.
The manager declined to comment.
The firm, expected to begin trading in the fourth quarter and raise at least $1 billion in assets, will “be rooted in deep fundamental research,” the new filings state, and tap alternative datasets and artificial intelligence tools to dive deep into relevant companies in its sector. Jin, who named his venture Avantyr Capital after the Italian word “avanti” which means forward or ahead, left Viking in August 2024 after 17 years.
Jin is the latest big name to launch after time investing at Andreas Halvorsen’s Viking Global. He joins founders such as D1’s Dan Sundheim, Alua’s Tom Purcell, and Anomaly’s Ben Jacobs as a former CIO of the Tiger Cub who has gone on to start their own fund.
The post Meet the team behind Ning Jin’s Avantyr Capital, the $1 billion spin-out from Viking Global appeared first on Business Insider.
