Cohen’s Point72 Discloses Houlihan Lokey Stake After IPO

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Steven A. Cohen’s Point72 Asset Management disclosed a stake in Houlihan Lokey Inc., the investment bank that had an initial public offering last week.

Point72 held 569,640 shares at the close of business Tuesday, or about 5 percent of the Class A stock, according to a regulatory filing Wednesday.

Houlihan Lokey shareholders raised $220.5 million in the IPO, pricing stock at $21 apiece, which was below the marketed range. The Los Angeles-based company, which offers advice on mergers and restructurings, closed at $22.10 Wednesday, valuing Cohen’s stake at about $12.6 million.

“We brought on a lot of good investors,” Houlihan Lokey Chief Executive Officer Scott Beiser said in an interview last week. “Our story resonated with them.”

Point72 manages Cohen’s personal fortune. The Stamford, Connecticut-based firm gained a net 11 percent in the first half of this year, a person with knowledge of the returns said last month.

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