Shenkman Capital Management Inc., an asset manager focused on the leveraged credit markets, has closed the Shenkman Tactical Credit Fund LP, its inaugural drawdown vehicle, with capital commitments of over $325 million. The fund received support from a global investor base comprised of of new institutional and high-net-worth investors as well as existing Shenkman clients.
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 of opportunistic credit.