Blackstone BAAM Special Situations
Somebody please explain this group. Is it direct investing or investing in managers and secondaries like most of BAAM. Is it public markets? Private markets? How does it differ from TacOpps. Does this group even exist or is it a myth. Atish Nigam runs the fund apparently.
bump
Bump
Worked at BX, and I have no idea either
Bump
Bump
Bam brep beep boop
They invest directly both on their own and sometimes through co-investments with BAAM GPs . If you look at where the leavers went and the head guy who just came in, you can get a flavor of some of what they do (credit leaning, special sits, funky investments).
I talked to a guy there a while ago and he was talking about doing capital structure arbitrage in bombadier, direct loans into a distressed issuer, and bank risk transfer deals.
What are bank risk transfers?
Here and here
Bump. Anyone have any additional info on the group?
It exists. Super small team. Manages a good bit of $ and has allocations across several asset classes, public & private, debt & equity, albeit more of a credit focus.
Lots of investments sourced through other BX funds / strategies but they invest in ideas on their own as well. I think IP's focus on their arena of expertise according to their background.
Anyone have updated info on the group? I know there have been some changes in the team and strategy in the last three years. Very curious how the mix of direct vs FoF has changed, how the direct mandate has evolved and what it’s like to work there (and also how the direct strategy differs from Tac Opps). Thanks!
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