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Draft:Gaurav Kapadia

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Gaurav Kapadia (born 1981[1]) is an American businessman and investor. He is the founder and CEO of XN, an investment firm in New York City.[2] He previously co-founded Soroban Capital Partners, where he was a co-managing partner, and served as a partner at TPG-Axon Capital.[3] Kapadia is also known for his support for civic engagement and involvement in public policy and the arts.[4][5][6]

Early life and education

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Gaurav Kapadia was raised in the Queens borough of New York City.[5] His parents immigrated to America from India on a visa program for immigrants in specialized professions.[5]

Kapadia has spoken publicly about how his upbringing shaped his values and work, particularly his interest in increasing opportunity.[5]

When he was 11 years old, Gaurav Kapadia's fifth grade teacher encouraged him to take the admissions test to Hunter College High School.[5] After being accepted, Kapadia attended Hunter, which he credits for changing his life and setting up future opportunities.[5]

Kapadia attended the Wharton School at the University of Pennsylvania from 1999 to 2003.[7] He graduated magna cum laude[7]with a Bachelor of Science in economics.[4]

Career

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Boston Consulting Group

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After Penn, Kapadia joined the Boston Consulting Group as a strategy consultant.[7][5]

TPG-Axon Capital

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When he was 23 years old, Kapadia met Dinakar Singh, who founded TPG-Axon.[5] Kapadia joined TPG-Axon Capital in 2004, where he eventually became partner.[8] In 2007, he moved from New York to London to build out the multi-billion dollar investment firm's European presence.[7][9]

Soroban Capital

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With Eric W. Mandelblatt and Scott Friendman, Kapadia founded New York based Soroban Capital in 2010 and served as Co-Managing Partner.[10] Notably, the fund's assets under management increased from $130 million to $11 billion by 2017.[11]

XN

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In 2018, Kapadia left Soroban to found the investment firm XN in New York City as a family office.[12] Kapadia is the CEO of XN.[4]

In 2020, Kapadia opened the family office to outside capital, and XN became one of the largest new funds during the COVID-19 pandemic.[2] After starting to trade outside capital, XN returned 46% in its first five months.[12][2][13]

XN invests in both public and private securities. Among its private company portfolio are Airtable,[14] Figma,[15] and AMP Robotics.[16] XN led Airtable's Series F funding round in 2021.[17]

Civic engagement and advocacy

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Kapadia has spoken publicly about his interest in creating opportunities for others.[5] In a 2022 podcast interview[8] with Patrick O'Shaughnessy for Invest Like the Best, Kapadia discussed the link between his roles and his interest in the American dream:

In one generation, I've had the luxury of being me. There's so much to unpack from that, but, to me, it's essentially the American dream....I view a lot of my role both at XN [and] outside of XN as to help other people fulfill the American dream. And that means reducing barriers, increasing opportunity.[5][8]

Kapadia serves on boards of several nonprofit organizations and foundations related to civic engagement, the arts, and philanthropy:

He also supports several philanthropic organizations, like the Initiative to Accelerate Charitable Giving and Recidiviz.[22][23]

Personal life

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Kapadia married Sonia Kapadia (born Jain) in 2007.[24] The couple met while attending the University of Pennsylvania in 1999.[25] She is the Deputy Director of Strategic Initiatives at the Equal Justice Initiative.[26] They live in Tribeca with their three children.[3]

References

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  1. ^ "Gaurav Kapadia - Age, Phone Number, Address, Contact Info, Public Records | Radaris". radaris.com.
  2. ^ a b c https://www.wsj.com/articles/hedge-fund-launches-pick-up-despite-covid-19-pandemic-11596466800
  3. ^ a b c "Our Board". www.law.georgetown.edu.
  4. ^ a b c d e f g "Mellon Foundation". www.mellon.org.
  5. ^ a b c d e f g h i j "Everything Compounds".
  6. ^ "Team | Recidiviz | A Criminal Justice Data Platform". www.recidiviz.org.
  7. ^ a b c d "Wharton Investment Management Conference 2012 | Keynotes". whartonimclub.com.
  8. ^ a b c "Invest Like the Best with Patrick O'Shaughnessy". Apple Podcasts.
  9. ^ "Gaurav Kapadia: Positions, Relations and Network - MarketScreener". www.marketscreener.com. August 14, 2024.
  10. ^ "Mandelblatt Said to Plan Fund After Leaving TPG-Axon". Bloomberg. 18 June 2010.
  11. ^ "Soroban Capital's Latest Moves". Yahoo Finance. May 28, 2019.
  12. ^ a b "Subscribe to read". www.ft.com. {{cite web}}: Cite uses generic title (help)
  13. ^ Gaffney, Mark (March 5, 2021). "Hedge fund XN was one of 2020's largest new funds. Gaurav Kapadia is off to an impressive start. | WhaleWisdom Alpha".
  14. ^ "Latham & Watkins Represents Airtable in Series F Funding". www.lw.com.
  15. ^ "Figma closes funding from General Catalyst and others at $12.5B valuation — TFN". July 19, 2024.
  16. ^ Wiggers, Kyle (May 11, 2023). "AMP Robotics attracts investment from Microsoft's Climate Innovation Fund". TechCrunch.
  17. ^ "Announcing Airtable's Series F Funding | Airtable Blog". For The Record. December 13, 2021.
  18. ^ "Mellon Foundation". www.mellon.org.
  19. ^ "Board of Trustees As of July 1, 2024". whitney.org.
  20. ^ "The Trust for Governors Island". Governors Island (en-US).
  21. ^ "Governors Island Boards - members and backgrounds".
  22. ^ https://acceleratecharitablegiving.org/initiative-to-accelerate-charitable-giving-announces-new-members
  23. ^ https://www.recidiviz.org/about#board
  24. ^ https://www.nytimes.com/2007/08/26/fashion/weddings/26jain.html
  25. ^ "Alumni Notes". The Pennsylvania Gazette. January 1, 2007.
  26. ^ "Sonia Kapadia". The Aspen Institute.