Dec 30, 2025

Top HY/LL/Liquid Distress Seats

What are some more examples of public credit funds (or perhaps specific strategies at LOs) that invest across the risk spectrum, and can traffic in distress, but are primarily focused on total return opportunities in performing credits? Thinking more along the lines of Artisan Credit, Beach Point or Golden Tree as opposed to Elliot, SPC, Redwood. Thanks in advance. 

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Many of the bigger credit funds have decent sized strategies that I would throw in this bucket such as BSP, Ares, Apollo, HPS, and AG/TPG. Also some of the LOs can be pretty opportunistic and manage some higher octane AUM like Fido, CaRe, or PIMCO. You listed a few of the smaller ones but Anchorage, King Street, MidOcean, Silver Rock, and Brigade also could fit here. There are certainly others but these are what comes to mind.

Most will still have performing/CLOs as the majority of their assets as at a certain point it is harder to scale the total return mandates and its hard to overlook the scaled CLO economics.

 

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