Uncovering the Baupost Group

October 06, 2017
presidentShell companyShell companyShell companyShell companyShell companyShell companyShell companyShell companyShell companyShell companyownsownsownsownsownsownsownsownsownsownsBaupost GroupSeth KlarmanDecagon Holdings 1COFINA debtDecagon Holdings 2Decagon Holdings 3Decagon Holdings 4Decagon Holdings 5Decagon Holdings 6Decagon Holdings 7Decagon Holdings 8Decagon Holdings 9Decagon Holdings10Decagon Holdings ownDecagon Holdings are holdingcompanies for Baupost Group$911 million of COFINA debt
 

Decagon Holdings


We know the identities of many of the speculators that hold Puerto Rican debt -- but not all of them.

But because of an article published last Tuesday by David Dayen and the Intercept, we now know who one of the biggest Puerto Rican debt holders is. LittleSis helped Dayen and the Intercept to uncover the speculator's identity. 

In a lawsuit initiated by investors in COFINA debt, the plaintiff that owned the largest amount of debt -- $911 million -- remained unknown. Its debt was held by ten shell companies, named Decagon Holdings 1-10.