Strategies

We Favor

complex, less-followed investment opportunities that are often mispriced and undervalued.

We Seek

to mitigate downside risk by emphasizing investments with a margin of safety.

We Believe

in strong risk management supported by exposure diversification guidelines and highly regarded service providers.

Multi-Asset Credit

Flexible, global strategy that opportunistically invests up and down the capital structure and across asset classes
Fundamental, value-oriented approach; research intensive process with thorough company due diligence and legal analysis
Diverse investments including catalyst-driven high yield, bank loans, distressed debt, structured credit, equities and shorts/hedges

High Yield & Senior Loans

Dedicated strategy that invests primarily in middle and higher quality high yield bonds and bank debt
We seek to protect capital by generally favoring debt that is senior or secured with priority of payment

Structured Credit

Focused strategy that invests in esoteric instruments with carry and securitization upside
Long/short portfolio construction targets downside protection over 12 month horizon

Special Credit Opportunities

Multi-year drawdown fund complex launched in 2010, focused on less liquid credit, privates and distressed debt
Emphasis on mid-sized companies and “off the beaten path” situations

Private Equity & Strategic Initiatives

Committed capital vehicle launched in 2019; tactical investments in distressed debt and credit-informed private equity
Select investments in the seams between traditional asset classes that are inefficiently priced

what we do