Gates Capital Management
Gates Capital Management is an event-driven alternative asset manager for institutional and private clients globally. Founded in 1996, the fund seeks to identify opportunities in companies undergoing disruptive corporate events. Gates Capital invests across the capital structure and works to identify the optimal layer in which to participate based on fundamental analysis. Their funds make debt and equity investments based on specific screening of corporate dislocation events, with a focus on cash flow generation and sustainable value creation.
ABOUT GATES CAPITAL
Gates Capital Management invests in event-driven/value equities and distressed/high yield credit.
Gates Capital is a specialist hedge fund advising on a family of funds for institutional and private clients globally.
Their funds make debt and equity investments based on specific screening of corporate dislocation events, with a focus on cash flow generation and sustainable value creation.
They bring a disciplined, cash flow-oriented and credit-focused approach to investing across a given capital structure to achieve the best risk-adjusted return.
GATES ASSET CLASSES
Event-Driven Situations.
Equities of companies involved in corporate spinoffs, financial restructurings, recapitalizations, or forced seller situations.
Special Situations.
Equities of industries or companies where Gates Capital has a distinct competitive advantage from prior work or relationships.
Credit-Focused Equities.
Equities where a company's cost of debt capital is significantly increasing or decreasing.
Debt securities of companies that are generally senior or senior secured claims where, upon reorganization, their recovery would typically be a new debt instrument.
The fund has an actively managed "total return" approach to their bank debt investments. These investments consist primarily of first lien positions.