Anchorage Capital Group
Anchorage Capital Group is a New York-based registered investment adviser specializing in distressed debt, credit, and special situations investing. Founded in 2003, the firm manages approximately $22 billion in assets through private investment funds across North America and Europe. Anchorage focuses on opportunistic strategies in illiquid markets, targeting defaulted, distressed, and leveraged issuers. By combining deep fundamental research with active long and short positions, the firm seeks to generate attractive, risk-adjusted returns for institutional and accredited investors. Anchorage Capital Group is widely recognized for its expertise in special situations, distressed credit investing, and alternative investment strategies.
ABOUT ANCHORAGE CAPITAL
Anchorage Capital Group is a global, credit-focused investment firm that combines rigorous bottom-up fundamental research with active trading strategies.
The firm takes a flexible investment approach to capture opportunities across the credit spectrum, employing both long and short positions with a particular focus on defaulted, distressed, and leveraged issuers.
In 2022, Anchorage Capital Group rebranded as Anchorage Capital Advisors, L.P., maintaining its headquarters in New York City and an additional office in London.
NOTABLE INVESTMENTS
MGM Studios
In 2010, Anchorage invested $500 million to help MGM emerge from bankruptcy. The firm later sold its stake to Amazon in 2021 for $8.45 billion, realizing a $2 billion profit.
J.Crew
Anchorage played a pivotal role in J.Crew’s restructuring in 2020, providing essential capital to support the retailer’s emergence from bankruptcy.
Thames Water
The firm has invested in distressed debt of Thames Water, a UK utility company navigating significant financial challenges.
CORE STRATEGIES
Specializing in distressed and undervalued credit, particularly in companies undergoing financial distress, bankruptcy, or restructuring.
Special Situations Investing
Targeting unique market conditions that create opportunistic investment scenarios.
Providing capital to middle-market companies often underserved by traditional banks or large institutional investors.
Active Management and Restructuring
Expertly managing and restructuring distressed assets to unlock value for investors.