Former TPG-Axon Capital partner Jeremy Schiffman and Andrew Immerman, a former portfolio manager at SAC Capital Advisors affiliate CR Intrinsic Investors, are preparing the first-quarter 2012 launch of Palestra Capital Management, a global long/short equity fund in New York. The pair has secured $155 million in anchor investments from Goldman Sachs and TPG Capital “related entities,” according to Palestra marketing materials.
