SkyBridge Capital Invests In Credit-Focused Hedge Fund

Jul 12 2010 | 12:33pm ET

New York-based alternative investment firm SkyBridge Capital has made a strategic investment in Viathon Capital's Whitewater fund.

Under the terms of the deal, which were not disclosed, SkyBridge  will provide the New Jersey-based credit-focused hedge fund with long-term strategic capital and business-building support.

The Whitewater fund invests in liquid debt instruments of U.S. and European corporate issuers. The portfolio consists primarily of single-name loans and bonds selected through a fundamental credit research and corporate finance investment process.

Viathon Capital was founded in 2009 by Rob Comizio. Prior to Viathon, Comizio was a managing director at Marathon Asset Management and a senior portfolio manager in the $2.5 billion Special Opportunity Fund.

“Rob Comizio is a proven credit investor who has delivered strong performance in a range of market environments,” said Anthony Scaramucci, managing partner of SkyBridge. “We believe Rob and the Viathon team are well positioned to capture opportunities across the credit markets in a liquid offering.”

Comizio added, “We look forward to our partnership with SkyBridge and leveraging the firm’s business building and investment-support capabilities as well as its risk-management resources.  With SkyBridge, we are able to increase our focus on the opportunities that exist throughout the credit markets.”

SkyBridge Capital has approximately $7.4 billion under management and advisory.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...