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Shenkman Capital

Shenkman Capital Parent Rating

Above Average

Though Shenkman Capital is transitioning to a new generation of leadership, its commitment to long-standing and sensible investment practices underpins an Above Average Parent rating.

Firm founder Mark Shenkman remains president and majority shareholder for the time being, though CIO Justin Slatky now handles most day-to-day investment operations following Shenkman stepping down as co-CIO in 2020. The two had served together as co-CIOs in a four-year transitory period, and Slatky has emphasized his intention to keep the firm’s identity intact. In the nearly four decades since its 1985 founding, Shenkman Capital has established itself as a disciplined player in the leveraged finance niche; save for a 2014-19 foray into European high-yield credit via a team lift-out, the firm has rarely deviated from its core lineup of high-yield-, bank-loan-, and convertible-focused strategies. As of June 2022, 91% of its USD 28.3 billion in assets under management sat with institutional clients, while open-end vehicles accounted for the remaining 9%.

Most of the privately owned firm’s shares are held by investment staff employees, one of the factors that has helped keep retention high on the investment team. Long-term risk-adjusted performance informs the team members' compensation, encouraging them to stick with the defensive investment process the firm has long championed.

Shenkman Capital Investments

Market

US Open-end ex MM ex FoF ex Feeder

Total Net Assets

2.22 Bil

Investment Flows (TTM)

248.07 Mil

Asset Growth Rate (TTM)

13.42%

# of Share Classes

6

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