Gates Capital Management is an event-driven alternative asset management firm advising on a family of funds for institutional and private clients. The fund invests across the capital structure and works to identify the optimal layer in which to participate based on fundamental analysis. Its approach involves a systematic screening of corporate dislocation events with a focus on excess cash flow generation.
Equities of companies involved in corporate spinoffs, financial restructurings, recapitalizations, or forced seller situations.
Gates' investments in distressed securities consist of debt securities of companies that are generally senior or senior secured claims where, upon reorganization, our recovery would typically be a new debt instrument.