MHR Fund Management

MHR Fund Management is a private equity firm focusing on leveraged buyout and distressed securities transactions in the United States. The firm specializes in turnaround, buyouts and undervalued middle-market companies, most notably in the entertainment, communications and energy sectors.^[1]

MHR Fund Management

Company type	Private
Industry	Private Equity
Founded	1996
Headquarters	New York, New York
Key people	Mark Rachesky
Products	Leveraged buyout, Distressed securities
Total assets	$658 million
Website	www.mhrfund.com

History

MHR Fund Management was co-founded in 1996 by Mark Rachesky, MD and Hal Goldstein.^[1] From 1990-1996, Rachesky had worked under Carl Icahn as senior investment officer and chief investment advisor at Icahn Enterprises before opening MHR with Goldstein.^[2][3][4] Notable investments have included Lions Gate Entertainment Corporation, Titan Tire Corporation, Leap Wireless and Loral Space & Communications, among others.^[4]

In 2004, MHR began accumulating shares in Lionsgate.^[2][5]