Beach Point Launches $74M Credit Fund

Mar 6 2014 | 1:02pm ET

Beach Point Capital Management has launched a new credit strategy with $74 million.

The Beach Point Multi-Asset Credit Fund, which carries a $5 million minimum investment, began selling on March 1, according to regulatory filings.

Santa Monica-based Beach Point was founded by Carl Goldsmith and Scott Klein, who worked together as an investing team at Post Advisory Group starting in 1997. The two built and ran Post’s multi-billion dollar alternative fixed-income business (opportunistic high yield, corporate loans and distressed debt) and founded Beach Point through a management buyout of Post's alternative investment business in 2009, bringing 30 former Post employees with them.

Beach Point specializes in distressed debt, high yield bonds, corporate loans and other credit-related market niches, but has discretion to invest in a wide range of investments on behalf of its clients.

The firm is 100% owned by Goldsmith and Klein and had $6.6 billion in assets under management as of January 2013.

An attempt to contact Beach Point for further information about the fund was unsuccessful as of press time.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note