Farallon Capital Management, L.L.C. is a global institutional investment management firm founded in 1986 and has been registered with the SEC as an investment advisor since 1990. Farallon Capital manages approximately $39 billion in capital for institutions, including college endowments, charitable foundations, pension plans and sovereign wealth funds, and for high-net-worth individuals. Farallon Capital is headquartered in San Francisco and has offices in London, Singapore, Hong Kong, Tokyo, São Paulo, and New York and employs approximately 300 employees. Farallon Capital seeks investments across asset classes and around the world through a process of bottom-up fundamental research and analysis emphasizing capital preservation. Farallon Capital’s investment strategies include Credit Investments, Long/Short Equity, Merger Arbitrage, Risk Arbitrage, Real Estate Investments and Direct Investments. Investment ideas compete for capital based on in-depth, critical assessment of specific risks and rewards. Risk is monitored and managed through rigorous and thorough analysis of each investment and, at the portfolio level, through risk management analytics and overlay and tail-risk hedging.