MHR Fund Management is a private equity firm established in 1996, specializing in leveraged buyouts and distressed securities transactions, with approximately $5 billion in assets under management. While its focus is broad, MHR has demonstrated involvement in the space sector through investments in companies like Loral Space & Communications and Telesat Canada. Mark Rachesky, the founder and Chief Investment Officer, serves as Chairman of the Board for both Lionsgate Entertainment and Telesat Canada. MHR employs a private equity approach to invest in distressed and undervalued middle-market companies and assets across a variety of industries.
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Loral stockholders not affiliated with the funds managed by MHR Fund Management LLC will beneficially own 26.1 percent of the economic interests in New Telesat.