Articles from 400 Capital Management LLC

400 Capital Management LLC (“400CM”), an alternative credit manager specializing in asset-based credit strategies with over $7.7 billion of assets under management, announced a significant legal victory in a long-running residential mortgage-backed securities (“RMBS”) trustee case involving 34 legacy RMBS trusts. The ruling, issued by the New York Supreme Court, delivered long-awaited clarity on the allocation of recoveries related to modified loans and affirms the rights of junior bondholders under legacy RMBS documents.

400 Capital Management LLC (“400CM”), an alternative credit manager specializing in asset-based credit strategies with over $7.7 billion of assets under management, today announced five new investment strategy heads, Quinn Barton, Emir Boydag, Joe Regina, Dan Vazquez and Jeff Willoughby, all who have demonstrated strong leadership across the platform’s core strategies and diversified client mandates.

400 Capital Management LLC (“400CM”), an alternative credit asset manager specializing in asset-based credit strategies with over $7.4 billion of assets under management, announced the successful closing of its latest private credit fund, Asset Based Term Fund IV (“ABTF IV”). The fund, which launched in December 2023, was significantly oversubscribed, closing with a total of $1.39 billion of committed capital versus the $1 billion initial target. ABTF IV drew strong support from institutional investors attracted to the firm’s demonstrated track record and expertise investing across asset-based private credit strategies, with particular attention from investors looking for diversification from direct lending.

400 Capital Management LLC ("400CM" or the "Firm"), an alternative credit asset manager specializing in structured credit with over $5.7bn of assets under management, today announced that five of the Firm’s senior team members have been named Partner. Ed DeDomenico, Sang Kim, Alan Landy, Tim Lynch, and Jimmy Rizos have all received this honor.

400 Capital Management LLC (“400CM”, “400 Capital” or the “Firm”), an alternative credit asset manager specializing in structured credit with over $5.2bn of assets under management, announced the successful closing of two securitizations backed by $780.2mm of residential non-performing loans (“NPLs”) this summer.

Steve Emerson has announced the formation of Dry Creek Capital Partners LP (“Dry Creek”), a special situations investing group formed to provide a platform for investments in debt obligations of distressed commercial real estate and small business debt. Dry Creek focuses on value credit opportunities including the acquisition of sub/non-performing commercial real estate loans, lower middle market and small business distressed debt and special situations. Joining Steve Emerson as Partners in Dry Creek are Mark Ziegler, Nate Cann and Andrew Young, who have worked together for over 10 years at predecessor firms within the distressed loan market.