King Street® is a global investment firm with $20 billion under management and 26 years of experience investing across the capital structure with a focus on credit markets. King Street was co-founded in 1995 by Brian J. Higgins and today, the senior leadership of the Firm is comprised of nine Partners. The Firm currently has over 200 employees located in New York, London, Tokyo, Singapore and Charlottesville, VA. King Street is a registered investment adviser with the US SEC, UK FCA, Kanto Local Finance Bureau of Japan and the Monetary Authority of Singapore. Over time, King Street has methodically expanded its product offering to ensure it can effectively capitalize on investment opportunities and market dislocations as they arise.
Flagship and European Funds
King Street manages two global evergreen funds (the “Flagship Funds”), which are focused on long/short multi-strategy credit and event-driven investments. The Flagship Funds seek to produce attractive, long-term risk-adjusted returns throughout diverse market environments while preserving capital and minimizing volatility. The Firm also manages the European Fund that generally invests alongside the Flagship Funds in European situations (the “European Funds”).
Real Estate Funds
The Real Estate Funds, launched in 2017, are drawdown-style vehicles which pursue a global and opportunistic strategy consistent with our historical approach to direct real estate investments. King Street’s real estate strategy is an extension of the Firm’s overarching investment philosophy: to produce attractive, risk-adjusted returns throughout diverse market environments by capitalizing on mispriced real estate investment opportunities.
Rockford Tower (CLOs)
King Street has extensive experience investing in Collateralized Loan Obligations (“CLOs”), both as a manager and as an investor. Our CLO platform, Rockford Tower Capital Management L.L.C., has approximately $5.4 billion under management and has issued 11 CLOs since its inception in 2017, including 3 in Europe.
Global Drawdown Fund
King Street launched the Global Drawdown Fund in April 2020 to capitalize on longer duration opportunities arising from significant dislocations in the credit markets. King Street has been investing in distressed credit since its inception in 1995 and has significant experience and expertise in bankruptcies, restructurings, litigations, and structured credit, in addition to deep trading and sourcing capabilities. The Global Drawdown Fund seeks to provide attractive risk-adjusted returns primarily by making investments in: (i) Stressed and Distressed Corporate Debt, (ii) Structured Credit & Asset-Backed Investments and (iii) Claims and Claim-Related Investments.
Tactical Credit Opportunity Fund
King Street launched the Tactical Credit Opportunity Fund in May 2020 to take advantage of a sharp dislocation in performing credit markets caused by the economic impact of the COVID-19 and energy crises. The Tactical Credit Opportunity Fund integrates ESG factors in its investment analysis by limiting or restricting investments in certain types of issuers based on socially responsible investing considerations.