David Geenberg is a managing director at Strategic Value Partners. took part in the Harvard Investment Conference held on April 15, 2024. A copy of notes from the presentation have been obtained and verified by Hedge Fund Alpha. Among several topics during the panel, the focus was on the history of the firm, its investment approach, and its future outlook in the credit sector.
Strategic Value Partners was founded in 2001, while Geenberg joined the firm in 2009. He is currently a Co-Head of the North American Investment team at the multi billion dollar firm. The core principle of the fund’s strategy is capturing deep value from distressed opportunities.
The fund is closed for new investors, and it encompasses several investment strategies. Those include event-driven, private debt restructurings, and special situations.
Also see Seth Klarman at the HBS Conference.
- Development of the Fund And Focus On Distressed Investing
- What Is Keeping Him In The Same Company For 15 Years
- Geenberg’s First Big Case - Northern Telecom
- Moving Into The Private Equity Business
- Finding Investing Ideas And The Selection Process
- Hornblower Cruises Bankruptcy Case
- Geenberg’s Views On The Current Credit Cycle
- Most Attractive Investment Opportunities In The Refinancing Period
- Divergence Between Private And Public Credit Markets
- Biggest Drivers Of Private Credit In The Last 5-10 Years
- Can Private Credit Contribute To The Next Bubble
- Career And Investing Advice For The Aspiring MBAs
Development of the Fund And Focus On Distressed Investing
In the beginning, the fund focused on the United States market because at that time European leverage credit markets were less liquid than now. In the mid-2000s, they began investing with some early private credit funds. This allowed them to capitalize on gains during the economic crisis in 2008.
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
