Meteora Capital was established in 2021 as an investment adviser specializing in event-driven investments in equities and credit. Meteora strives to deliver compelling risk-adjusted returns for its institutional clients through a disciplined, systematic approach to event-driven investing. To ensure alignment of interests, Meteora invests significant internal capital alongside its clients.
Vikas Mittal is the Managing Member of Meteora Capital. With 18 years of buy-side experience as a principal investor, Vik has deployed capital across various event-driven investment strategies. Prior to founding Meteora Capital, he was an investment professional and partner at Glazer Capital, LLC (GCM), where he joined in 2005. Until the end of 2021, Vik was one of only two Portfolio Managers responsible for all event-driven investments at GCM. Additionally, from 2009 through the end of 2021, he was the sole Portfolio Manager for GCM's public market-oriented SPAC portfolio and illiquid investments. Before transitioning to the buy-side, Vik was part of the founding team that launched Raymond James’ TMT investment banking practice in Palo Alto, CA, in 2002, focusing on mid-market M&A and private placements. Vik earned a B.S. in Finance, summa cum laude, from the University of Florida and an MBA from NYU Stern School of Business. He is also a CFA charterholder.
Meteora Capital is a hedge fund managing discretionary assets worth $871,476,127, as detailed in their Form ADV filed on March 2024. Serving ten clients, their most recent 13F filing for Q1 2024 reported $587,851,846 in managed 13F securities, with a top ten holdings concentration of 42.99%. The firm's largest holding is Lionsgate Studios Corp., with 5,867,263 shares.
