Investment Management - , ,
Helzberg Angrist Capital (HAC) managed the Private Value Arbitrage Fund, LP which invested in public companies that were attractive LBO candidates trading at a significant discount to their estimated LBO value. The fund returned capital in November 2007 based on the belief that debt markets were not going to be receptive to LBO transactions for a protracted period. In 2008, HAC established a joint venture with Tortoise Capital Advisors, LLC. In October 2008 the JV launched a hedged energy infrastructure investment fund.