Magnetar Capital [SEP] inception
Exchange Commission into several deals in which Magnetar Capital invested, there was no enforcement action filed against the firm.
History.
Magnetar Capital was founded in 2005 by Alec Litowitz (formerly of Citadel LLC) and Ross Laser (formerly of Glenwood Capital Partners). Based in Evanston, Illinois, the firm started with $1.8 billion in capital, making it one of the largest hedge fund launches at the time. Early on, Magnetar Capital's multi-strategy fund invested in event-driven investments and the firm doubled
provided most of the funding for a $400 million co-financing deal that provided 20th Century Fox with money to fund a slate of films over a five-year period.
In 2014, Magnetar Capital introduced two new energy funds, Magnetar Solar Holdings and Magnetar Solar Opportunities Fund. Magnetar Solar (UK) owned 25 solar farms with approximately 300 megawatts of generation capacity. In 2016, Magnetar Capital owned about 344 megawatts of the UK's solar production. The firm sold its UK solar portfolio to Rockfire Capital in 2018