Shenkman Capital Management Closes Inaugural Drawdown Vehicle, Shenkman Tactical Credit Fund LP
Alternative credit manager Shenkman Capital Management has closed its Shenkman Tactical Credit Fund LP, the firm's inaugural drawdown vehicle, with capital commitments of over $325mn.
Shenkman Tactical Credit Fund LP will seek to generate equity-like returns through predictable income and capital appreciation by targeting a wide range of idiosyncratic investment opportunities across the corporate credit spectrum, including underfollowed, mispriced securities, industry dislocations and restructurings.
Justin Slatky, Chief Investment Officer of Shenkman, said:
“We are thrilled with the reception for Shenkman’s debut drawdown vehicle, which complements our traditional business lines and adds to a growing alternatives franchise alongside our opportunistic credit strategies. By applying Shenkman’s process driven, disciplined approach honed over 35 years of investing in the leveraged credit markets, we believe the Fund is well positioned to take advantage of shorter, more frequent downturns and deliver strong risk-adjusted returns less correlated to the high yield market. We deeply appreciate the confidence of our clients, extend a warm welcome to our new investors, and look forward to a successful partnership.”
The fund is co-managed by Slatky and Ned Oakley, Portfolio Manager – Opportunistic Credit.
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