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ABOUT US
Shorecliff Asset Management Company LLC (“Shorecliff”) is a Full Cycle Credit ℠ manager, focused exclusively on tradeable performing credit: specifically, leveraged loans and bonds.
Shorecliff seeks to generate excess returns while controlling risk by focusing on credits with the following attributes:
(1) High and sustainable asset coverage
(2) Recurring cash flows
(3) Strong structural & legal protections
The core investment team worked closely together at Oaktree Capital Management in Los Angeles, gaining deep underwriting expertise and the cohesion needed to navigate different credit cycles. We believe Shorecliff’s exclusive focus on leveraged loans and bonds combined with our position sizing and lack of bureaucracy provide inherent and enduring sources of competitive advantages.
In addition, our fair and transparent fee structures are designed to reduce potential conflicts, and better align our interests with those of our investors.
Shorecliff commenced trading in March 2023 with a meaningful commitment from an onshore institutional investor.
FUNDAMENTAL
INVESTMENT
TENETS
FULL CYCLE CREDIT
SIZING
Combine deep, fundamental bottoms up individual position analysis with market awareness, with the goal of avoiding excess risk of permanent capital impairment near market tops.
INVESTMENT VELOCITY
The size of many large competitors can force them to own most of the market. We endeavor to keep position sizes appropriate to the market opportunity, and operate at a size where the team does not face pressure to deploy dollars in myriad situations that risk permanent capital impairment.
Larger institutions can suffer from bureaucracy, leaving them hidebound in changing markets. Our lean and flat team communicates constantly, allowing us to make decisions quickly. We designed our structure to find compelling opportunities, and exit investments where the thesis has deteriorated, faster than competitors.
LOSS AVERSION
CREDIT PICKING
Our training in distressed debt and special situations causes us to focus on what could cause severe impairment of our capital across all our exposures, even those that may appear “safe” today.
MANDATE
We think sizing positions appropriately is key to Shorecliff maintaining vigilance around risky exposures, and to screening for those credits we believe possess the essential triad of success: (1) high and consistent asset coverage, (2) recurring cash flows, (3) structural & legal protections.
Omnibus leveraged loan and bond remit designed to avoid artificial portfolio constraints. Shorecliff evaluates relative value within and across capital structures, sectors, and instrument types: targeting higher absolute returns across the full cycle while aiming to keep risk of permanent capital impairments under control.
LEADERSHIP TEAM
GRANT NACHMAN
Chief Investment Officer & Chief Executive Officer
Grant Nachman is the Chief Investment Officer and Chief Executive Officer of Shorecliff Asset Management. In this capacity, he is responsible for overseeing the firm’s investment strategy, portfolio construction, research and analysis, and risk management, as well as leading Shorecliff’s overall business operations. Mr. Nachman brings 21 years of principal investment experience across multiple cycles, having held roles at leading firms including Millennium Management, Oaktree Capital Management, and Brigade Capital. His expertise spans both performing and stressed capital structures, with sector coverage that includes technology, media, telecom, leisure, transportation, healthcare, industrials, services, and power. During and after the financial crisis, he invested in many of the largest corporate restructurings, serving as an active participant on seven creditor-side steering committees. He holds an MBA from The Wharton School, a Master’s in Economics from The Sorbonne, and a BA in Economics from Swarthmore College.
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ANTHONY LA LOTA, CFA
Portfolio Manager
Anthony La Lota is the Portfolio Manager of Shorecliff Asset Management, where he shares primary responsibility with Grant for the firm’s investment strategy, research process, and risk management. Mr. La Lota has 11 years of experience as a credit investor at firms including Crescent Capital, Oaktree Capital Management, and Bank of Ireland. At Oaktree, he worked directly with Grant, jointly evaluating and investing in performing and stressed corporate credit opportunities. His sector expertise includes aerospace, defense, media, technology, telecom, transportation, leisure, and services. Mr. La Lota holds a BS in Finance from Rutgers Business School, where he transferred after beginning his studies at the University of Michigan. During his collegiate career, Mr. La Lota played Division I football at both institutions as a full scholarship recipient. Mr. La Lota is a CFA Charterholder.
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MARK BELLIAS
Chief Operating Officer & Chief Compliance Officer
Mark Bellias is the firm’s Chief Operating Officer and Chief Compliance Officer. He oversees operations, trade settlement and financing, compliance, and systems, among other functions. Prior to Shorecliff, Mr. Bellias served for 15 years as Director of Operations at Symphony Asset Management. Before Symphony, Mr. Bellias worked at Barclays Global Investors. He holds undergraduate degrees in Finance and Computer Information Systems from Bryant University.
GRANT NACHMAN
Chief Investment Officer & Chief Executive Officer
Grant Nachman is the Chief Investment Officer and Chief Executive Officer of Shorecliff Asset Management. In this capacity, he is responsible for overseeing the firm’s investment strategy, portfolio construction, research and analysis, and risk management, as well as leading Shorecliff’s overall business operations.
Mr. Nachman brings 21 years of principal investment experience across multiple cycles, having held roles at leading firms including Millennium Management, Oaktree Capital Management, and Brigade Capital. His expertise spans both performing and stressed capital structures, with sector coverage that includes technology, media, telecom, leisure, transportation, healthcare, industrials, services, and power. During and after the financial crisis, he invested in many of the largest corporate restructurings, serving as an active participant on seven creditor-side steering committees.
He holds an MBA from The Wharton School, a Master’s in Economics from The Sorbonne, and a BA in Economics from Swarthmore College.
ANTHONY LA LOTA, CFA
Portfolio Manager
Anthony La Lota is the Portfolio Manager of Shorecliff Asset Management, where he shares primary responsibility with Grant for the firm’s investment strategy, research process, and risk management.
Mr. La Lota has 11 years of experience as a credit investor at firms including Crescent Capital, Oaktree Capital Management, and Bank of Ireland. At Oaktree, he worked directly with Grant, jointly evaluating and investing in performing and stressed corporate credit opportunities. His sector expertise includes aerospace, defense, media, technology, telecom, transportation, leisure, and services.
Mr. La Lota holds a BS in Finance from Rutgers Business School, where he transferred after beginning his studies at the University of Michigan. During his collegiate career, Mr. La Lota played Division I football at both institutions as a full scholarship recipient. Mr. La Lota is a CFA Charterholder.
MARK BELLIAS
Chief Operating Officer & Chief Compliance Officer
Mark Bellias is the firm’s Chief Operating Officer and Chief Compliance Officer. He oversees operations, trade settlement and financing, compliance, and systems, among other functions.
Prior to Shorecliff, Mr. Bellias served for 15 years as Director of Operations at Symphony Asset Management. Before Symphony, Mr. Bellias worked at Barclays Global Investors.
He holds undergraduate degrees in Finance and Computer Information Systems from Bryant University.
CONTACT SHORECLIFF
FUNDAMENTAL
INVESTMENT
TENETS
FULL CYCLE CREDIT
SIZING
Combine deep, fundamental bottoms up individual position analysis with market awareness, with the goal of avoiding excess risk of permanent capital impairment near market tops.
INVESTMENT VELOCITY
The size of many large competitors can force them to own most of the market. We endeavor to keep fund sizes appropriate to the market opportunity, and operate at a size where the team does not face pressure to deploy dollars in myriad situations that risk permanent capital impairment.
Larger funds can suffer from bureaucracy, leaving them hidebound in changing markets. Our lean and flat team communicates constantly, allowing us to make decisions quickly. We designed our structure to find compelling opportunities, and exit investments where the thesis has deteriorated, faster than competitors.
LOSS AVERSION
CREDIT PICKING
Our training in distressed debt and special situations causes us to focus on what could cause severe impairment of our capital across all our exposures, even those that may appear “safe” today.
MANDATE
We think sizing funds appropriately is key to Shorecliff maintaining vigilance around risky exposures, and to screening for those credits we believe possess the essential triad of success: (1) high and consistent asset coverage, (2) recurring cash flows, (3) structural & legal protections.
Omnibus leveraged loans and bond remit designed to avoid artificial portfolio constraints. Shorecliff evaluates relative value within and across capital structures, sectors, and instrument types: targeting higher absolute returns across the full cycle while aiming to keep risk of permanent capital impairments under control.
