Anchorage Capital Group

The company operates as an alternative asset manager and registered investment adviser focused on credit and special-situations strategies. It raises capital from institutional investors into private funds, CLOs, structured vehicles and separately managed accounts. These vehicles invest in performing loans and bonds, securitised credit, distressed and dislocated credit, and illiquid special situations across corporate capital structures in North America and Europe.

Value is created by sourcing, analysing and trading credit exposures, structuring securitised products, and leading or participating in restructurings and special situations. The firm also offers customised mandates and co-investments tailored by asset type, leverage, liquidity and theme, aligning investment structures and terms with specific institutional client requirements. Returns generated on invested capital accrue primarily to investors, while the firm captures a share via management and performance fees.

Anchorage Capital Group is a New York-based alternative asset manager and registered investment adviser focused on credit, special situations and illiquid investments across North American and European markets. It manages private investment funds and structured credit vehicles, including CLOs and other securitised products, with strategies spanning performing credit, structured credit, customised mandates and distressed or opportunistic credit.

The firm earns fees for managing discretionary assets for institutional investors, including pension funds, insurance companies, endowments, sovereigns and large family offices. It also acts as a restructuring and special-situations investor, occasionally acquiring control or significant stakes in operating businesses as part of its credit and distressed strategies.