Silver Point Capital

Last updated
Silver Point Capital
Industry Hedge fund
Founded2002;23 years ago (2002)
Founders
  • • Robert J. O’Shea
  • • Edward A. Mulé
Headquarters
Greenwich, Connecticut
AUM US$24 billion (June 2023)
Website www.silverpointcapital.com

Silver Point Capital is a Greenwich, Connecticut-based hedge fund that focuses on credit and special situations investments. [1]

Contents

In 2014, Silver Point ranked No. 1 overall in Institutional Investor's annual Hedge Fund Report Card survey. The fund received the highest scores out of all hedge funds across Alpha Generation, Alignment of Interests, and Transparency. In 2021, the company reported to manage approximately $20 billion in assets. [2]

History

Silver Point Capital was founded in 2002 by former Goldman Sachs partners Edward A. Mulé and Robert J. O’Shea. Mulé headed or co-headed Goldman's Special Situations Investing Business from 1999 to 2001. O'Shea founded and headed Goldman's Global Bank Loan Business, and headed Goldman's Global High Yield Business. Together, they created and led Goldman's distressed debt and special situation lending businesses before leaving to create Silver Point. [3] [4]

By 2008 the firm managed several billion dollars, but it was hit by the global financial crisis, with one flagship fund reportedly posting a drawdown of more than 30% and assets declining from about $9.3 billion to $6.5 billion over the course of 2008. [5] [6]

The firm subsequently recovered by investing in corporate bankruptcies, restructurings and liquidations that followed the crisis, and remained one of the more prominent credit-oriented hedge funds through the early 2010s. [7]

During the 2010s and early 2020s Silver Point broadened its platform beyond hedge funds into private credit strategies, including direct lending and distressed-debt funds. Trade publication 'Private Debt Investor' has reported on a series of capital-raising efforts, including a distressed opportunities vehicle launched in 2019 and subsequent credit funds that reached or exceeded their fundraising targets, as well as a second direct-lending fund that hit its $2 billion hard cap in 2021. [8] [9]

References

  1. ↑ Anderson, Jenny (1 October 2006). "Hedge Funds Draw Insider Scrutiny" . New York Times. No. Business. United States. The New York Times Company. Retrieved 22 January 2020.
  2. ↑ L.P, Metropolitan Gaming Limited; Silver Point Capital. "Metropolitan Gaming Announces Completion of Acquisition of Caesars UK and Africa Assets". www.prnewswire.com. Retrieved 2021-08-05.{{cite web}}: CS1 maint: multiple names: authors list (link)
  3. ↑ "Silver Point Capital – Hedge Fund Letters". Hedgefundletters.com. Retrieved 2012-11-21.
  4. ↑ "The Goldman Sachs Diaspora". DealBook - A Financial News Service of The New York Times. 2011-05-16.
  5. ↑ Cox, Jeff (2014-02-18). "The results are in, and the top hedge fund is..." CNBC. Retrieved 2025-12-09.
  6. ↑ "NOMINEES ANNOUNCED FOR THE 12TH ANNUAL HEDGE FUND INDUSTRY AWARDS | Institutional Investor". www.institutionalinvestor.com. Retrieved 2025-12-09.
  7. ↑ Anderson, Jenny (2006-10-16). "Hedge Funds Draw Insider Scrutiny (Published 2006)". Archived from the original on 2023-01-14. Retrieved 2025-12-09.
  8. ↑ "Silver Point Capital's distressed fund sits between its target and hard cap". Private Debt Investor. 2019-02-20. Retrieved 2025-12-09.
  9. ↑ Haley, Michael (2021-08-04). "Silver Point hits hard-cap of $2bn in second credit fund, doubling its target". Private Debt Investor. Retrieved 2025-12-09.
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