400 Capital Management

Overview

400 Capital Management is an alternative credit asset manager specializing in asset-based credit strategies. Founded in 2008, the firm manages over $7.5 billion in assets across 14 funds, offering investors a global platform that accesses differentiated credit investment opportunities through total and absolute return strategies in flagship funds and customized portfolio solutions. The team consists of 76 professionals across offices in New York and London, who collectively manage $7.5 billion for global institutional investors. In December 2023, 400 Capital Management launched its fourth private credit fund, Asset Based Term Fund IV, which closed with $1.39 billion in committed capital, significantly oversubscribed from its $1 billion initial target. The firm's leadership team has over three decades of experience investing and trading in credit markets, with a demonstrated ability to consistently generate competitive returns, develop capital markets businesses, and create innovative solutions utilized throughout the market. 400 Capital Management offers a diversified approach to structured credit investments, managing structured credit assets across commingled funds, separately managed accounts, and private credit portfolios. The firm's investment strategies focus on asset-based credit opportunities, including residential real estate, commercial real estate, consumer finance, and specialty finance markets, primarily in the United States and Europe. 400 Capital Management has a history of successfully closing private credit funds, including Asset Based Term Fund III in 2021, which secured $580 million in committed capital, and Asset Based Term Fund II in 2019, which closed with over $430 million in commitments. The firm's leadership team has been recognized for their contributions, with five senior team members named Partners in 2022, reflecting their impact and leadership within the firm. 400 Capital Management continues to focus on delivering strong risk-adjusted returns through patient capital strategies, leveraging its expertise in asset-based credit to provide innovative solutions to investors seeking diversification and value in the credit markets.

Investment Focus

• Institutional investors
• Accredited investors

Portfolio Companies