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Hunterbrook International has been valued at $100mn after a current fundraising, because the novel US newsroom-cum-hedge fund revealed to traders that it deliberate to maneuver into litigation.
The brand new capital, raised by the guardian firm that oversees the hedge fund Hunterbrook Capital and the information outlet Hunterbrook Media, has come from traders, together with the Ford Basis and enterprise capital agency Floating Level, in response to an individual conversant in the fundraise.
Hunterbrook was launched in 2023 by investor Nathaniel Brooks Horwitz and author Sam Koppelman, making a newsroom that might collect unique data and a hedge fund that might commerce off it.
The current fundraise doubled Hunterbrook’s valuation from its 2023 seed spherical and is separate from the $100mn raised final yr for the funding fund run by Hunterbrook Capital.
The brand new funds will likely be invested in constructing its newsroom additional, in response to an individual near the scenario. Hunterbrook declined to remark.
Hunterbrook additionally revealed to traders in a letter that it deliberate to additional exploit its information gathering by launching a litigation enterprise that might companion with legislation corporations on circumstances enabled by the newsroom’s reporting. The enterprise is being led by led by media lawyer and litigator Joe Slaughter.
The fund, which began buying and selling in April 2024, will get unique early entry to the newsroom’s doubtlessly market-moving tales, enabling it to commerce on the scoops. In the meantime, income comprised of the fund are ploughed again into the newsroom to proceed to construct its experience.
Hunterbrook initially envisaged that it might quick shares in cases the place its newsroom uncovered scandals, however this strategy has been sidelined in an “irascible bull market”, in response to the investor letter.
The letter additionally particulars how Hunterbrook is producing a sizeable portion of its returns by taking lengthy positions in companies its journalists have investigated and located to be sound.
Hunterbrook’s fund generated a 31 per cent return within the second quarter of 2025 and a 16 per cent return yr to this point.
“This gained’t be the norm, although we’ll at all times aspire to it. But it surely additionally wasn’t a traditional quarter to attain these outcomes, both,” the letter says. “The fund navigated the crash in April, the violent restoration into Might, its unlikely continuation to new all-time highs in June, and kaleidoscopic skirmishes with misinformation alongside the way in which.”
The fund is closed to new traders however present companions, together with Horwitz and Koppelman, lately added to their holdings, in response to the letter.
Hunterbrook’s investments within the interval have included Core Scientific, an information centre infrastructure supplier that’s being acquired by CoreWeave for $9bn, in addition to Evolv Applied sciences, Carpenter Know-how and Rocket Firms.
The letter additionally pointed to at least one “untradable scoop”: on Saturday June 21, when markets have been closed, Hunterbrook Media broke the information that B-2 stealth bombers had launched from an Air Drive base in Missouri, indicating the US would imminently be part of Israel’s bombardment of Iran.
