Profiles >> Beach Point Capital Management LP

Beach Point Capital Management LP

Last Updated: 12/3/2020

Beach Point Capital Management LP is a Limited Partnership that started in 2009 and is primarily owned and controlled by Carl Goldsmith and Scott Klein.

Per its ADV, Beach Point manages accounts in a number of strategies, including Opportunistic Credit, High Yield Debt, Structured Products and Special Situations, Distressed and Private Credit, and Tactical Situations.

Beach Point Capital Management LP operates out of an office in Santa Monica, CA. Based on the Form ADV filed on 2020-03-27 00:00:00, the investment firm is comprised of 105 employees, only 49 of whom performs investment advisory functions.

Fact Sheet

      Name: Beach Point Capital Management LP
      CRD No: 148885
      Filing Recorded: 2020-03-27 00:00:00
      Year of Origin: 2009
      Employees: 105
      Clients: 65
      AUM: 13,785,373,946
      Management Fee: .5 to 1.75 Percent
      Performance Fee: 15 to 20 Percent
      Client Type: Investment Companies, Pooled Investment Vehicles, Pension and Profit Sharing Plans, Insurance Companies
      Assets Traded: Exchange-Traded Equity Securities, Non-Exchange-Traded Equity Securities, US State and Local Bonds, Investment Grade Corporate Bonds, Non-Investment Grade Corporate Bonds, Derivatives, Securities Issued by Registered Investment Companies or Business Development Companies, Cash and Cash Equivalents, Other


Investment Strategy

According to the brochure submitted to IAPD, Beach Points investment strategy is as follows:

Within each of the investment strategies described below, Beach Point typically provides two options through which investors can gain access – commingled Funds (generally for clients investing at least $5,000,000 but less than $100,000,000) and Single Client Funds or Managed Accounts (typically reserved for clients with assets under management at Beach Point equal to or exceeding $100,000,000). Beach Point’s longstanding expertise in managing client assets in Managed Accounts and Single Client Funds allows Beach Point to provide such clients with a bespoke portfolio designed to give the client exposure to one of the Beach Point’s investment strategies while also addressing specific sensitivities, limitations and/or restrictions to which such client may be subject.

Methods of Analysis

In addition, Beach Points methods of analysis include:

Beach Point employs both fundamental and technical analysis in its research process. Key elements of Beach Point’s investment process include: (i) value identification of companies, utilizing both internal research and proprietary tools, as well as external sources, to provide deal flow; (ii) a detailed analysis and due diligence process that includes structural review of an issuer’s capital structure, exhaustive review of the applicable indenture covenants, asset coverage and liquidation valuation and bankruptcy analysis; (iii) a relative-value decision-making process that evaluates how each particular investment relates to comparable investments available or currently in a client’s portfolio; and (iv) vigilant monitoring that continues the due diligence process after an investment is entered into the client’s portfolio.

Top 10 Holdings from Form 13F

Reporting Period: 09/30/2020

Issuer Share Value(1000s) Put/Call
FS KKR CAPITAL CORP 4,286,242 67,980
SPDR SER TR 294,519 30,710
ISHARES TR 254,957 21,391
FIRSTENERGY CORP 476,812 13,689
DIEBOLD NXDF INC 1,527,145 11,667
NCR CORP NEW 500,397 11,079
VELOCITY FINL INC 1,994,371 10,012
HIGHLAND INCOME FD 898,352 7,717
MGIC INVT CORP WIS 729,296 6,462

Historical 13F Filings

EdgeGiant has compiled all 13F filings since Q2 2013 for your convenience. You can view historical portfolio position forBeach Point Capital Management LPin our 13F section HERE.

To get the comprehensive list of holdings that fall under 13F regulatory guidelines, check out our write up on how to access and use 13Fs in your personal investment decisions.

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Historical Portfolio Holdings for Beach Point Capital Management LP