Sahm Adrangi is a 33-year-old Chief Investment Officer who comes from New York City. Between 1999 to 2003 he was a student at Yale University and has a Bachelor of Arts in Economics. He is the current Chief Investment Officer and founder of the Kerrisdale Capital Management firm since April 2009.
Sahm Adrangi was initially working with Longacre Fund Management as an investment analyst from April 2007 to February 2009 before the creation of the Kerrisdale Capital Management. Longacre, a private venture association with $1.2 billion resources under administration as from December 31, 2008, allotted over a flagship debt credit and equity fund in the United States and also Europe. Mr. Adrangi directed venture analysis as well as research for both credit and equity funds.
Kerrisdale Capital, a New York-based centrally adjusted investment manager managing $300 million focusing on long-term esteemed investment and occasion driven special circumstances. Kerrisdale effectively shares its ideas with the more extensive investment community through its site as well as outside sites.
On April 11, 2018, Kerrisdale Capital distributed a negative report clarifying its short position at QuinStreet, Incorporation (NASDAQ: QNST), a web marketing organization whose stock cost has recently quadrupled. Speculators have turned optimistic after the long-beleaguered office is at last moving correctly. Be that as it may, Kerrisdale cast significant doubt about quality and maintainability of QuinStreet’s transactions, which Kerrisdale contends has profited from fraudulent web activity.
Before his tenure with Longacre, Sahm Adrangi was working in bankruptcy restructuring group at the Chanin Capital Partners from December 2005 to March 2007. Mr. Adrangi assisted in advising the creditors at Chanin and represented the bondholder committees, bank debt holders, creditors of the distressed as well as bankrupt companies and preferred equity committees. However, before joining Chanin,Sahm Adrangi was with leveraged finance group of Deutsche Bank from April 2004 to October 2005. He assisted in the structuring and associating non- investment review bank debt as well as high return bonds, including Chapter 11 exit financings, leveraged buy-out financing, and debt refinancing. His years of experience have earned him skills in investment management, trading, equities, capital markets, restructuring to name a few.
The RealReal is a consignment movement that normally deals with luxury items. It’s a fashion site that anyone in need of second hand Luis Vuitton or Gucci items should visit. This consignment movement was founded by Julie Wainwright who currently operates as its chief executive officer in 2011. The items displayed in the store are the same items that you will find online. The company started as a women’s luxury clothing consignment company and has grown over the years into menswear, watches, home décor, Jewelry and an art company serving the needs of New York fashion industry and other countries all over the world.
The company is presently pitching financiers about raising a hundred million US dollars in fresh funding. The company has raised over one hundred and seventy-three million dollars since it was founded thanks to Julie. There are some assumptions about these fundraising efforts. The company might not have reached a point where it has some public appeal to acquirers and investors, or the company needs some more money and time to prove that it serves as a standalone company in the wrong run. On the other hand, it might be that the RealReal Company has discovered the underlying gold in the second-hand business for luxury items together with its investors and is therefore willing to invest a large share into its growth.
RealReal Company operates on a consignment cycle. The seller normally ships the goods to the company after which the company sells the item to a customer and the proceeds from the sale are shared in the agreed ratio between the company and the seller. There is an authentication team employed by the company set to ensure that all items are original before they are displayed on the website.
The company has been seen competing favorably with other second-hand luxury labels like Thread Up, Poshmark and Tradesy and other companies which have been operating for years. RealReal is pulling out some large sales, and many have started seeing it as a growth area, and this is likely to see the company attracting more investors. RealReal is the place to look while shopping for luxurious dupes.