Anchorage Capital Group
Anchorage Capital Group is a New York-based registered investment adviser. Founded in 2003, the firm has grown significantly over the years, managing approximately $22 billion in assets. Anchorage manages private investment funds across the credit, special situations and illiquid investment markets of North America and Europe. The firm employs active long and short basis, with particular focus on defaulted and leveraged issuers.
ABOUT ANCHORAGE
Anchorage is a specialized private equity firm that focuses on operational turnarounds and special situations investments.
Anchorage is known as one of the world's most prominent vulture funds, which are funds that invest in distressed securities.
The firm focuses on a wide range of assets across the credit spectrum and throughout a company’s capital structure, including loans and bonds, credit derivatives, defaulted debt and restructured equity.
The firm has more than 180 employees and offices in New York, London, Luxembourg and Sydney.
Notably, Anchorage played a pivotal role in revitalizing MGM Studios in 2010 by investing $500 million to bring the company out of bankruptcy, eventually profiting $2 billion when Amazon acquired MGM in 2021.
CORE STRATEGIES
Anchorage specializes in investing in distressed and undervalued credit, particularly in companies that are experiencing financial distress, such as those going through bankruptcy or restructuring.
Special Situations Investing.
Anchorage capitalizes on special situations where unique market conditions present investment opportunities.
The firm has significant expertise in private credit, particularly in providing capital to middle-market companies that are not typically served by traditional banks or large institutional investors.
Active Management and Restructuring.
Anchorage is also skilled in actively managing and restructuring distressed assets.