August 27, 2014 4:56 AM ET

Capital Markets

Company Overview of Anchorage Capital Group, L.L.C.

Company Overview

Anchorage Capital Group, L.L.C. is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It also caters to single fund investors. The firm invests in the public equity and fixed income markets across North America and Europe. It uses long and short strategy to make its investments. The firm employs fundamental analysis to make its investments. It uses a combination of internal and external research to make its investments. Anchorage Capital Group, L.L.C. was founded in 2003 and is based in New York City.

610 Broadway

6th Floor

New York, NY 10012

United States

Founded in 2003

Phone:

212-432-4600

Fax:

212-432-4601

Key Executives for Anchorage Capital Group, L.L.C.

Chief Executive Officer and Portfolio Manager
President and Portfolio Manager
Chief Financial Officer
Chief Operating Officer
Executive Vice President and Portfolio Manager
Compensation as of Fiscal Year 2014.

Anchorage Capital Group, L.L.C. Key Developments

Advanstar Reportedly On The Blocks

Advanstar, Inc. which is controlled by Anchorage Capital Group L.L.C., Veronis Suhler Stevenson and Ares Management, L.P. (NYSE:ARES) is exploring a sale that could fetch more than $900 million, Reuters reported citing people familiar with the matter. The Goldman Sachs Group, Inc. (NYSE:GS) and Moelis & Company (NYSE:MC) are believed to be advising Advanstar, Inc.

Apollo Global Reportedly To Acquire Ascometal

Apollo Global Management, LLC (NYSE:APO) is reportedly planning to acquire Ascometal S.A. Reportedly, group of investors including, Ovako AB, Frank Supplisson, Anchorage Capital Group, L.L.C., Forgeard and Guy Dolle also announced plans to acquire the assets of Ascometal.

Anchorage Seeks Acquisitions

Anchorage Capital Group, L.L.C. is looking for acquisition opportunities. Anchorage has secured $300 million from senior secured floating rate notes. It intends to use a portion of net proceeds from the issuance of secured and subordinated notes to repay parties that provided interim financing, allowing the issuer to purchase collateral prior to the closing date. The balance of net proceeds will be used to purchase assets to reach a target portfolio of approximately $500 million of primarily leveraged loans.

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