Key Takeaways
- • Christopher Golden, a seven-year partner at Darsana Capital, has launched Kinetic Partners, a new crossover hedge fund backed by billionaire Dan Sundheim's D1 Capital, with dual headquarters in New York and Miami.
- • Kinetic Partners will operate as a long-short equity and private equity crossover fund, leveraging Golden's experience across public and private markets; the firm is scheduled to launch in Q1 2022 and has already deployed capital into Ramp, a New York-based corporate card fintech.
- • D1 Capital has signaled expansion into south Florida, signing a 10-year lease in Miami's Coconut Grove neighborhood, positioning itself to capitalize on the growing appetite for crossover investment strategies among institutional investors.
- • The fund's COO, Michelle Barone (formerly of Global Atlantic and Goldman Sachs Asset Management), brings institutional asset management infrastructure expertise to the newly formed partnership.
- • Industry-wide demand for public-private crossover strategies is accelerating, with competing managers including Whale Rock and David Fiszel's Honeycomb launching similar vehicles while Tiger Cubs like Coatue and Tiger Global dominate private market investing.
Summary
Christopher Golden has established Kinetic Partners, a newly formed crossover hedge fund combining long-short equity and private equity strategies, with backing from Dan Sundheim's D1 Capital. Golden brings substantial pedigree to the venture, having served as a partner at Darsana Capital for seven years prior to launch. His career trajectory also includes experience as a managing director at Blue Ridge Capital, the flagship fund of billionaire investor John Griffin, and earlier roles as an analyst at Marble Arch Capital, founded by Scott McLellan and Tim Jenkins. This background positions Kinetic within the broader Tiger Management ecosystem, connecting the fund to one of finance's most prolific networks.
The fund will operate dual offices in New York and Miami, with D1 Capital's personal relocation to south Florida underscoring strategic intent in the region. Sundheim's firm recently signed a 10-year lease in Miami's Coconut Grove neighborhood, signaling commitment to building institutional capacity outside traditional finance hubs. Michelle Barone, recruited as chief operating officer, brings significant operational depth from roles at Global Atlantic and Goldman Sachs' asset management division, providing infrastructure necessary to manage complex public-private portfolio construction.
Kinetic has already initiated investment activity ahead of its formal Q1 2022 launch, deploying capital into Ramp, a New York-based corporate card platform serving startups. While fundraising targets remain undisclosed, industry observers anticipate strong institutional demand for crossover strategies. Competing managers including Whale Rock and David Fiszel's Honeycomb are simultaneously raising similar vehicles, reflecting broader market recognition that traditional public-equity-only strategies have become structurally constrained as growth capital increasingly migrates to private markets. As David Fiszel noted in recent commentary, "the investment landscape is so much broader than it ever was," capturing the strategic rationale driving proliferation of public-private hybrid structures among established and emerging managers alike.
The fund will operate dual offices in New York and Miami, with D1 Capital's personal relocation to south Florida underscoring strategic intent in the region. Sundheim's firm recently signed a 10-year lease in Miami's Coconut Grove neighborhood, signaling commitment to building institutional capacity outside traditional finance hubs. Michelle Barone, recruited as chief operating officer, brings significant operational depth from roles at Global Atlantic and Goldman Sachs' asset management division, providing infrastructure necessary to manage complex public-private portfolio construction.
Kinetic has already initiated investment activity ahead of its formal Q1 2022 launch, deploying capital into Ramp, a New York-based corporate card platform serving startups. While fundraising targets remain undisclosed, industry observers anticipate strong institutional demand for crossover strategies. Competing managers including Whale Rock and David Fiszel's Honeycomb are simultaneously raising similar vehicles, reflecting broader market recognition that traditional public-equity-only strategies have become structurally constrained as growth capital increasingly migrates to private markets. As David Fiszel noted in recent commentary, "the investment landscape is so much broader than it ever was," capturing the strategic rationale driving proliferation of public-private hybrid structures among established and emerging managers alike.
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