Standard General L.P.

About Standard General L.P.

Standard General L.P. is a New York-based investment firm founded in 2007 and led by Soohyung (“Soo”) Kim, who serves as Managing Partner and Chief Investment Officer. The firm is known for an event-driven, opportunistic investment style that often resembles a private-equity approach applied to public companies, combined with hedging strategies designed to manage risk. Its mandate emphasizes special situations, restructurings, and capital-structure investments at the intersection of public and private markets. A defining feature of Standard General’s history is its involvement in corporate governance and value-creation campaigns across a range of U.S.-listed companies. The firm has been active in restructuring and turnaround situations involving names such as Aliante Casino and Hotel, American Apparel, Greektown, RadioShack, and Young Broadcasting, which later became Media General. This background helped establish Standard General’s reputation as a hands-on investor in complex situations where strategic change and balance-sheet repair are often central. In gaming and leisure, Standard General is best known for its major ownership position in Bally’s Corporation. Soo Kim has held governance responsibilities there, including service as a board member and later as chairman of the board. The firm supported significant strategic actions, including the rebranding of Twin River to Bally’s Corporation after acquiring the Bally’s brand rights, as well as broader expansion and portfolio-repositioning efforts. Standard General also has affiliations with Turning Point Brands, Inc. and MediaCo Holding Inc., underscoring its broader presence in U.S.-listed public companies. Overall, the firm is distinguished by a combination of disciplined investing, active governance engagement, and extensive experience in special situations, restructuring, and strategic transformation.