A Portfolio Manager at a New York-based credit-focused hedge fund that has $2B AUM, manages CLOs, and invests in high-yield US corporate issuers needed to conduct in-depth credit research before committing to a new credit facility. Since significant analyst bandwidth is needed for monitoring key exposures in the existing portfolio, there was inconsistent coverage and limited time to validate new opportunities.
Gravitas provided a dedicated research team of two sector-specific senior analysts and three generalists with experience across multiple sectors to augment the fund’s in-house team.
Gravitas’ team of experts supported the fund’s analysts in drafting investment memos and developing deep-dive credit models, provided updates for quarterly 1-page credit reviews, daily portfolio news, and monthly sector-specific databases, and participated in the investment committee discussions.
Gravitas fulfilled the requirements of the fund, delivering strong credit knowledge, consistent coverage, and cost-efficiency.