Gates Capital Management
Gates Capital Management is an event-driven alternative asset management firm advising on a family of funds for institutional and private clients. The fund invests across the capital structure and works to identify the optimal layer in which to participate based on fundamental analysis. Its approach involves a systematic screening of corporate dislocation events with a focus on excess cash flow generation.
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.
Distressed Securities
Gates' investments in distressed securities consist of debt securities of companies that are generally senior or senior secured claims where, upon reorganization, our recovery would typically be a new debt instrument.
Bank Debt
Gates has an actively managed "total return" approach to its bank debt investments. These investments consist primarily of first-lien positions.