Jefferies Finance
Jefferies Finance is a multi-strategy credit investment and loan arrangement firm owned equally by MassMutual and Jefferies. The company manages proprietary and third party capital in various private funds, separately managed accounts and CLOs focused on middle market direct lending (“JFAM”) and broadly syndicated leveraged loans (“Apex”) and is the leading underwriter of LBO loans for private equity sponsors in the United States.
Since inception in 2004, Jefferies Finance has arranged more than 900 leveraged finance transactions totaling over $180 billion and invested more than $13 billion of proprietary and third-party capital in those transactions. The founding partners established the platform in 2004 after having worked together since 2000 at Heller Financial and GE Capital. JFAM is the firm’s growing middle market direct lending platform that manages proprietary and third-party capital in senior secured first lien loans supporting Private Equity Sponsor activity. JFAM benefits from an exclusive investment sourcing partnership with Jefferies, which differentiates JFAM’s sourcing and provides a framework for Jefferies Investment Banking to help those companies grow. Apex manages 15 CLOs capitalized with more than $400 million of equity capital from Jefferies Finance.
Point Bonita
Point Bonita Capital is a private corporate credit strategy that deploys capital into isolated short dated receivables. Through global relationships and the inefficiencies of the bespoke trade finance marketplace, Point Bonita targets outsized risk-adjusted returns with a <1 year credit duration. The investment team has invested across the credit spectrum and through cycles with 25 years of direct investing experience.
Point Bonita focuses on underserviced middle market companies, fast growing, in transition, concentrated customer exposures, looking to reduce AR day count, desire to extend supplier terms, seeking non-liability incurring form of funding. Point Bonita seeks to capitalize on bespoke bilateral agreements to extract yield that is 2.5x the on the run corporate equivalent option adjusted spread. There is low correlation to traditional market indices given the short tenor.
Stonyrock Partners LP
Stonyrock’s strategic investments will be structured to meet managers’ specific objectives. Stonyrock will have a permanent capital structure and differentiated strategic platform to offer GPs the best of independence, objectivity, and collective experience as they seek ways to enhance franchise value and durability.
Schonfeld Strategic Advisors
Schonfeld Strategic Advisors LLC ("SSA") advises a multi-manager platform that invests its capital with internal and partner portfolio managers, primarily on an exclusive or semi-exclusive basis, across quantitative, fundamental equity and tactical trading strategies. SSA builds on the more than 30-year history of affiliates and predecessor businesses which included training, evaluating, allocating capital and risk-managing equity-related portfolio managers. SSA's platform differentiates itself from other multi-manager platforms not only through the recruitment of talent, but also the development and advancement of talent. The platform offers stable, risk-tolerant capital and takes a long-term approach with all of its investment professionals. In January 2016, SSA accepted outside capital for the first time, primarily from internal and partner PMs and strategic relationships of SSA and Steven's family office. Schonfeld Fundamental Equity Fund LLC ("SFEF") was seeded with $250MM on May 1, 2016. SFEF invests with substantially all of SSA's fundamental equity PMs.
Weiss Multi-Strategy
Founded in 1978, Weiss Multi-Strategy Advisers is an adaptive, market neutral multi-strategy platform that dynamically allocates to twenty strategies across equities, credit and macro. Weiss’ approach seeks to balance the forward-looking views of the firm’s portfolio managers with a factor based approach to asset allocation, portfolio construction and risk management. Weiss employs approximately 60 investment professionals with expertise in equities, credit and macro. Weiss’ portfolio managers have an average tenure of approximately 11 years with the firm. Weiss seeks to understand investors’ unique goals and constraints in order to potentially enhance their investment programs.
Dymon Asia
Dymon Asia Capital, founded in 2008, is an alternative investment management firm with assets across public and private markets. Headquartered in Singapore with five offices across the region, the team has in-depth expertise in the various Asian domestic markets. For the public markets business, this expertise includes deep understanding of idiosyncrasies of monetary and government policy, regulations, flows and cultural nuances and expression of trade ideas via a suite of local onshore market access solutions.
Sikra Capital
Sikra Capital is a low net (+/- 20) European L/S equity strategy focused on catalyst-driven value investments. The strategy employs a fundamental approach combined with identifying value creating or value destroying catalysts. This includes a wide range of soft and hard catalysts including M&A, restructuring, break-ups, and various sector/macro themes. Sikra focuses on liquid mid-cap names (7k+ companies) where good liquidity and shrinking sell-side coverage create many actionable opportunities.
Solanas
Solanas Capital is a low net, global ESG L/S equity strategy investing across alternative energy, efficiency and sustainable resources. The Energy Infrastructure strategies launched in 2009 with a continuous track record. The team has more than a 10-year track record investing in Alternative Energy and Sustainable Resources. Solanas launched a dedicated ESG Alternative Energy fund in May 2018 on the back of a carve out track record. The Team has a combined 40 years of investment experience. The process and team have been in place and tested through time.
Monashee
Monashee Investment Management LLC is exclusively focused on capital markets new issuance, inclusive of IPOs, Follow-Ons, New-Issue Convertible Bonds, and Debt New Issuance. Monashee takes advantage of the structural discount innate to new issues with consistent participation across the global capital markets deal calendar. Monashee’s investment objective is to systematically invest in capital markets new issuance while hedging tail-risk and market beta. Since inception, Monashee has committed over $20 billion of capital to global capital market new issues across 8,000+ deals. Monashee’s historic return streams are uncorrelated to the equity and credit markets.
Monashee leverages a proprietary quantitative database to evaluate each new issuance that comes to market, coupled with fundamental analysis and an understanding of deal dynamics. The firm manages SMAs and fund-of-ones and does not have any commingled accounts.
Riposte Capital
Riposte Capital is a global long/short equity strategy that predominantly invests in cyclical industries. The Fund seeks to leverage operating intelligence through the private sector to access real-time information flow on industry developments. The Fund implements a bottom-up investment approach focused on operating and asset-specific data across five core sectors. The strategy is concentrated and targets net exposure in the range of 20% - 30%. The process is defined by a strict risk/reward analysis where every assumption is underwritten independently and rigorously.
Kathmandu
Kathmandu is a global long/short strategy that oversees a cross-asset portfolio of primarily public equities and derivatives with opportunistic exposure to commodities and credit. The research process is driven by proprietary top-down and bottom-up analysis with a core focus on ideas with multiple options to generate alpha across secular, cyclical, and/or idiosyncratic themes. The team is comprised of specialists in energy and related cyclical sectors with expertise in industries driven by supply and demand - from commodities and offshore wind to warehouses and railroads. The Portfolio Manager has fourteen years of investment experience across a variety of mandates.
Topwater Capital
Topwater Capital manages a multi-strategy, multi-manager fund wrapped in a unique structure commonly referred to as “first loss”, which mitigates drawdown risk for investors. The model has been proven and tested over 15 years creating consistent risk adjusted returns year-over-year. Topwater Capital seeks to identify a select group of high pedigree investment managers with defined strategies and allocate capital to them in managed accounts, providing a strong layer of principal protection. The portfolio is currently diversified across North America, Europe, Asia and Emerging Markets with an emphasis on liquid strategies: Equity L/S, Event Driven, Macro and liquid credit.
Pendeen Asset Management
Pendeen manages a low net global equity event-driven strategy with 3 complimentary components: Merger Arbitrage, Relative Value & Stock Loan Arbitrage. The portfolio construction emphasis is on capital at risk, with significant usage of options, has resulted in a consistent track record and low volatility.
The investment approach seeks to generate returns that are independent of the economic environment and that demonstrate a low correlation to broad equity indices through investment allocation biased to announced “hard-catalyst” events and low net, relative value situations. The management team draws on extensive experience of event investing across multiple economic cycles and geographies, combined with a detailed understanding of the mechanics of individual corporate events. While the strategy is equity-focused, performance enhancement is achieved by analyzing specific events and structuring investments using cash equities, futures, options, stock loan and other synthetic equity products.
CoreCommodity Management
Founded in 2003 by experienced professionals who assisted in the pioneering of commodities as an institutional asset class, CoreCommodity Management, LLC seeks to provide stable and favorable risk-adjusted alpha uncorrelated over long periods to market betas whether targeting absolute returns or in excess of benchmark indexes. CoreCommodity has managed assets on behalf of a prominent global investors base, including sovereign wealth funds, public and corporate pensions, endowments and foundations as well as other prominent asset management firms.
CoreCommodity employs 30 professionals with 13 dedicated members of the investment team. The Firm’s partners and portfolio managers have an average tenure of 27 years of industry experience. The Firm’s strategies are available via private commingled funds, separately managed accounts, collective investment trusts, and a mutual fund. For further information: www.CoreCommodityllc.com or contact [email protected]