Baupost Group is a Boston-based registered investment adviser and multi-strategy investment manager pursuing long-term, value-oriented investments across public and private credit, public equities, private investments and real estate. The firm uses flexible capital, bottom-up mispricing analysis and downside-focused portfolio construction, including stressed or restructuring debt, catalyst-driven equities, bespoke financings, growth, buyout and other private opportunities. For founder targeting, Baupost has backed early- and later-stage private companies in the United States and United Kingdom, including health technology and life sciences businesses, and has acted as a lead investor.