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SHENKMAN CAPITAL MANAGEMENT, INC.

PRI reporting framework 2020

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

Shenkman Capital Management, Inc. (“Shenkman”) was founded and registered as an investment adviser with the U.S. Securities and Exchange Commission (the “SEC”) in 1985. The firm was founded by Mark R. Shenkman who remains its President, Co-Chief Investment Officer, and controlling shareholder. With approximately $27.6 billion* under management as of December 31, 2019, the Shenkman group of companies is one of the largest independently owned investment management boutiques specializing in leveraged finance.

*The Shenkman Group of Companies AUM represents $25.4bn managed by Shenkman Capital Management, Inc. and $2.2bn managed by Romark CLO Advisors LLC. Shenkman established Romark Credit Advisors LP (“RCA”) as a new asset management company under common control with Shenkman for purposes of maintaining its CLO management business. RCA is registered as an investment adviser with the SEC. RCA entered into a joint venture arrangement with a strategic partner and established Romark CLO Advisors LLC to serve as the manager/sponsor of future CLOs (the “CLO Manager”), which is a “relying adviser” of RCA.

Unless otherwise indicated, responses provided herein are on behalf of Shenkman Capital Management, Inc. only, as that is the entity that is a signatory to the PRI.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

123 FTE

02.4. Additional information. [Optional]

Our Firm’s Global Locations

Shenkman Capital Management, Inc., was founded in the United Stated in 1985. In 2011, Shenkman opened a London office for its wholly owned UK Subsidiary, Shenkman Capital Management Ltd., to help service its existing and future clients in Europe, Asia and Australia.

Our Firm’s Personnel

As of December 31, 2019, the firm employed 123 professionals, of which 45 were investment staff and 78 were non-investment staff.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

Shenkman is an independent corporation with no parent company and no broker-dealer affiliates. Shenkman Capital Management LTD, a wholly-owned subsidiary of Shenkman, is authorized and regulated by the U.K. Financial Conduct Authority. Additionally, Shenkman established Romark Credit Advisors LP (“RCA”) as a new asset management company under common control with Shenkman for purposes of maintaining its CLO management business. RCA is registered as an investment adviser with the SEC. RCA entered into a joint venture arrangement with a strategic partner and established Romark CLO Advisors LLC to serve as the manager/sponsor of future CLOs (the “CLO Manager”), which is a “relying adviser” of RCA.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

04.5. Additional information. [Optional]

Our investment strategies span the capital structure and the opportunity set that exists within leveraged corporations. These strategies include high yield bonds (U.S., Global and European), short duration high yield bonds (U.S. and Global), bank loans, CLO's/structured credit, convertible bonds (U.S. and Global), opportunistic and multi-asset credit.


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 0 0
Fixed income >50% 89 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds <10% 8 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash <10% 3 0 0
Money market instruments 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

100 Developed Markets
0 Emerging Markets
0 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

Regional allocation is largely a by-product of our fundamental, bottom-up and research-driven security selection process. However, generally speaking, our investable universe is limited to developed markets.


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