Silver Point Capital LP
Last Updated: 12/3/2020
Silver Point Capital LP is a Limited Partnership that started in 2001 and is primarily owned and controlled by Edward A Mule and Robert J. O'Shea..
Silver Point places focus on investing in different debt vehicles.
Silver Point Capital LP operates out of an office in Greenwich, CT. Based on the Form ADV filed on 2020-03-29 00:00:00, the investment firm is comprised of 145 employees, only 56 of whom performs investment advisory functions.
Fact Sheet
- Name: Silver Point Capital LP
- CRD No: 157738
- Filing Recorded: 2020-03-29 00:00:00
- Year of Origin: 2001
- Employees: 145
- Clients: 16
- AUM: 13,571,280,184
- Management Fee: Unknown Percent
- Performance Fee: 20 Percent
- Client Type: Pooled Investment Vehicles
- Assets Traded: Unspecified
Contact
- Website: https://www.silverpointcapital.com/
- Email: [email protected]
- Telephone: 203-542-4200
- Address: Two Greenwich Plaza 1st Floor, Greenwich, CT 06830
Investment Strategy
According to the brochure submitted to IAPD, Silver Points investment strategy is as follows:
Flagship Funds
Silver Point's investment strategy with respect to the Flagship Funds focuses on making investments in debt, equity or other securities, obligations or instruments of misvalued, mislevered, leveraged or financially distressed companies and in event-oriented and other special situations. The Flagship Funds may hold both long and short positions in such investments. The investment strategies employed by the Flagship Funds may include (without limitation) the following: credit-oriented investments; event-oriented investments; asset-oriented investments; and investments in misvalued securities, obligations or instruments.
Specialty Credit Fund
Silver Point's investment strategy with respect to the Specialty Credit Fund is to originate loans to small and middle market companies domiciled in the United States and invest in specialty bridge financings, rescue financings and secondary purchases of loans and other credit-related assets. It is anticipated that the majority of these loans will be secured, floating rate investments. The Specialty Credit Fund will focus on opportunities that have niche characteristics—situations involving complexity, imminent capital needs, sourcing challenges, and similar features that limit the participation of traditional financing sources— as well as on other credit-related assets. In seeking to achieve its investment objective, the Specialty Credit Fund may invest across a broad range of industries.
Select Opportunities Fund
Silver Point's investment strategies with respect to the Select Opportunities Fund are to invest alongside the Specialty Credit Fund, the SCF II and potentially other Funds, in each case, on an "overflow basis" after such Funds have received their entire desired share of each investment opportunity falling within their respective investment programs (including through co-investments alongside a particular Fund or Funds) and to make investments in investment opportunities within or outside the strategies of the Specialty Credit Fund, the SCF II and potentially other Funds, in each case, that are not pursued by such Funds.
Distressed Opportunities Funds and Distressed Institutional Funds
Silver Point's investment strategies with respect to the Distressed Opportunities Funds and the Distressed Institutional Funds are to invest opportunistically in debt, equity and other financial instruments, obligations and assets, with a particular focus on companies and/or instruments that are stressed, distressed, overleveraged and/or going through restructurings, bankruptcies or other complex situations. The Distressed Opportunities Funds and Distressed Institutional Funds have flexibility to invest in a wide variety of instruments, including less liquid and longer duration investments, and may have a concentrated portfolio, including control positions.
SCF II
Silver Point's investment strategy with respect to the SCF II is to originate loans to small and middle market companies and invest in specialty bridge financings, rescue financings and mispriced secondary purchases of performing loans and other credit-related assets. The SCF II may also make investments in other assets. The SCF II seeks to originate and invest in senior secured debt with attractive risk-adjusted return characteristics in the current environment, as well as in periods of market contraction. The targeted opportunities include, but are not limited to, loans to middle market companies, loans collateralized by hard assets (often real estate), loans to companies with an imminent capital need and/or super priority loans to companies undergoing bankruptcy or restructuring processes, and mispriced secondary opportunities.
SPCP Group VIII
Silver Point's investment strategy with respect to SPCP Group VIII is to invest in the debt, equity and other securities, obligations or instruments of a particular company.
Methods of Analysis
In addition, Silver Points methods of analysis include:
None
Top 10 Holdings from Form 13F
Reporting Period: 09/30/2020
| Issuer | Share | Value(1000s) | Put/Call |
|---|---|---|---|
| PG&E CORP | 40,981,049 | 384,812 | |
| STUDIO CITY INTL HLDGS LTD | 15,392,680 | 250,438 | |
| CAESARS ENTERTAINMENT INC NE | 1,213,217 | 68,013 | |
| FIRSTENERGY CORP | 1,545,000 | 44,357 | |
| PDL BIOPHARMA INC | 6,424,000 | 20,236 | |
| GUESS INC | 17,300,000 | 13,927 | |
| INTERCEPT PHARMACEUTICALS IN | 13,600,000 | 10,911 | |
| CUMULUS MEDIA INC | 1,792,000 | 9,623 | |
| GOGO INC | 3,750,000 | 6,150 | |
| PENN VA CORP | 571,300 | 5,627 |
Historical 13F Filings
EdgeGiant has compiled all 13F filings since Q2 2013 for your convenience. You can view historical portfolio position forSilver Point Capital 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.