Third Point: Platform Profile

Overview

Third Point is an opportunistic investment manager founded in 1995 by Daniel S. Loeb.

Current legal adviser:

• Legal adviser: Third Point LLC
• CRD: 137927
• SEC number: 801-65088
• SEC registered investment adviser: Yes

Current first-party site does not publish a directly comparable current firmwide AUM figure.

Current regulatory AUM:

• Regulatory AUM: $28.7B
• Regulatory AUM as of: 2026-05-01

May fit better for

• qualified event-driven investors;
• investors seeking long/short equities;
• investors seeking corporate and structured credit;
• investors seeking private credit or CLO strategies;
• investors seeking venture exposure;
• allocators comfortable with active engagement and catalyst investing.

May fit less well for

• ordinary retail investors;
• users seeking one pure activist-equity fund;
• investors looking for one universal minimum;
• users who assume 13F holdings represent the full portfolio;
• investors requiring one liquidity schedule;
• users who expect every Third Point investment to involve activism.

Third Point is broader than activism

Current first-party strategy categories include:

• Activism;
• Venture;
• Structured Credit;
• Corporate Credit;
• Event & Fundamental Equity.

The current homepage also highlights:

• private credit;
• CLO strategies.

Event & Fundamental Equity uses long and short positions

Current first-party description:

• Event and fundamental equity: Yes
• Long positions: Yes
• Short positions: Yes
• Catalyst driven: Yes

Catalysts can include:

• mergers;
• restructurings;
• special situations;
• operating change.

Corporate Credit spans distressed and performing securities

Current first-party strategy includes:

• government bonds;
• distressed credit;
• performing credit;
• post-reorganization equity;
• workouts and creditor committees.

Structured Credit extends beyond mortgages

Third Point states that structured-credit investing began with RMBS/CMBS and expanded to many forms of loan securitization.

Birch Grove acquisition expands credit capabilities

Current Third Point homepage states that Third Point acquired Birch Grove, a diversified credit asset manager, expanding CLO and other credit offerings.

Venture remains a distinct business

Current first-party strategy:

• Venture capital: Yes
• Board participation possible: Yes

Regulatory AUM is $28.7B; 13F value is not firm AUM

Current regulatory disclosures show:

• Regulatory AUM: $28.7B
• Regulatory AUM as of: 2026-05-01

Current Q2 2026 13F market value was materially lower.

Current private-fund minimum references vary

Regulatory-derived current/recent references include:

• Third Point Master Fund minimum: $10M
• Third Point Ultra Master Fund minimum: $10M
• Third Point Corporate Credit Opportunities minimum: $5M
• Third Point Insurance Dedicated Fund minimum: $500K

The insurance-dedicated minimum does not become a general Third Point minimum.

Fee methods include asset-based and performance-based fees

Current regulatory profile:

• Asset based fees possible: Yes
• Performance based fees possible: Yes

Current leadership

• CEO CIO: Daniel S. Loeb

Current credit leadership also includes TP Birch Grove executives and Third Point credit leaders.

Assessment

Third Point is often reduced to activist equity, but its current platform is broader.

The firm now spans long/short event equity, corporate credit, structured credit, private credit, CLOs and venture.

The manager-level review should keep current regulatory AUM at $28.7B and leave comparable public firm AUM undisclosed rather than substituting the much smaller 13F value.