Corbin’s CIO Craig Bergstrom was featured in Forbes, discussing how hedge funds fared in 2020 and industry trends.
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Corbin Capital Partners (“Corbin”), an independent alternative asset management firm, is honored to be named to Pensions & Investments’ (“P&I”) 2020 Best Places to Work in Money Management list.
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The Corbin Private Credit Manager Fund, L.P. (“PCM”) held its final close bringing total committed capital to $127.5 million.
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Ralph Vasami, Director of Institutional Sales, gave an educational presentation titled “Alternative Investments: Seeing Past The Jargon” at the Mid-Atlantic Plan Sponsors (“MAPS”) Annual Trustee Education Video Conference
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Craig Bergstrom joined the EisnerAmper to discuss how the alternatives market has fared and adapted since March
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Adriana Clancy caught up with Seward & Kissel LLP to discuss the current investment environment.
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Corbin’s strong asset growth in 2019 was profiled in HFM’s FoHF Billion Dollar Club.
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Corbin COVID-19 Communication March 11, 2020
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CIO Craig Bergstrom spoke to Bloomberg about how hedge fund performance fared in February
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In a recent article for Pensions and Investments, CIO Craig Bergstrom shared Corbin’s outlook on the state of the private debt market
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Craig Bergstrom shared his outlook for the alternative market and the economy at large with EisnerAmper.
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Corbin Capital Partners appointed Michael Lawson as the firm’s Chief Information Officer
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Gwen Gold, spoke with Pensions & Investments about how Corbin works with hedge fund managers to create customized strategies for investors.
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Adriana Clancy spoke on the “View from the deal team: What skills are required to make a successful investment partner?” panel at the Women in Private Debt forum
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Craig Bergstrom shares his thoughts on the Land Banking space with Structured Credit Investor.
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Tracy McHale Stuart spoke on a panel on how hedge funds can address Environmental, Social, and Governance (ESG) factors at Albourne’s annual conference
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Congratulations to our first Girls Who Invest intern, Katherine Huffert from the University of Notre Dame, on a productive summer! Everyone at Corbin was inspired by Katherine’s eagerness to learn and impressed by her contributions to our team.
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Adriana Clancy discusses the direct lending space with Creditflux
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Corbin Co-Portfolio Manager of Credit Strategies speaks at Opal’s Private Debt Forum
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Corbin CIO speaks at the Quant Conference 2019
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Corbin Deputy CIO speaks at Goldman Sach’s Prime Services Pre-EMC Workshop
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Corbin CEO Speaks at Women’s Alternative Investment Summit
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Corbin Co-Portfolio Manager of Credit Strategies Speaks at HFM InvestHedge Conference
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Corbin Private Credit Opportunity Fund II, L.P. (“Fund II”) had its final close.
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Corbin CIO speaks at Wells Fargo 2018 Active Management Research Alliance Symposium
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Corbin added two hires in the first half of 2018, expanding the investment and risk teams.
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Craig Bergstrom spoke on a panel at the Wells Fargo Prime Services Hedge Fund Symposium.
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Corbin Investment Team Principal speaks at K&L Gates/AIMA Emerging Manager Hedge Fund Forum
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Corbin CIO speaks at Morgan Stanley Fixed Income Hedge Fund Forum
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On July 1, 2016, the Corbin Mezzanine Fund I, L.P. (“Fund I”) had its final close with $112 million of committed capital. Fund I is a co-investment-focused fund that targets smaller, off-the-run and niche situations.
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Corbin’s CIO Craig Bergstrom was featured in Forbes, discussing how hedge funds fared in 2020 and industry trends like ESG that are top of mind this year. To read the full piece, follow the link: https://www.forbes.com/sites/jacobwolinsky/2021/01/07/these-are-the-trends-experts-are-seeing-in-hedge-funds-right-now/?sh=77dd14b9533e
Corbin Capital Partners Named to Pensions & Investments “Best Places to Work in Money Management”
New York, NY (Dec. 14, 2020)– Corbin Capital Partners (“Corbin”), an independent alternative asset management firm, is honored to be named to Pensions & Investments’ (“P&I”) 2020 Best Places to Work in Money Management list, which was released today.
The ninth-annual survey and recognition program presented by Pensions & Investments is dedicated to identifying and recognizing the best employers in the money management industry.
The circumstances this year highlight the importance of empowering the voices of employees and supporting them beyond the workplace. Corbin’s response to the challenges spurred by the pandemic, providing resources such as a medical concierge service, wellness webinars and open lines of communication to support the mental, physical and emotional wellbeing of employees, underscores why the firm is a top employer.
“In this very unusual year, we learned again that employers that consider the overall wellbeing of their employees are regarded well. The best employers in 2020 are those that have stepped up with policies and practices to support and protect employees’ physical and emotional health, while continuing to keep the focus on clients’ needs,” said P&I Editor Amy B. Resnick. “Our surveys found that the employers on the list were likely to work hard to sustain their corporate cultures, even during times of pandemic lockdowns and continuing to work from home in many cases.”
“Showing compassion and understanding during this incredibly difficult year has been our guiding force,” said Tracy McHale Stuart, CEO of Corbin Capital Partners. “We believe having a rewarding and healthy work environment plays a crucial role in our success and are honored to receive the recognition.”
Pensions & Investments partnered with Best Companies Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees.
The first part consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems and demographics. This was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This was worth approximately 75% of the total evaluation. The combined scores determined the top companies.
For a complete list of the 2020 Pensions & Investments’ Best Places to Work in Money Management winners and write-ups, go to www.pionline.com/BPTW2020.
About Corbin Capital Partners
Corbin Capital Partners is an independent alternative asset management firm that specializes in multi-strategy hedge fund and opportunistic credit investing. Corbin has extensive experience creating and managing differentiated commingled and bespoke portfolios for institutional investors globally. As an innovative firm that strives to create high-quality solutions for clients, Corbin deploys a broad toolkit of investing techniques, including external fund investments, opportunistic co-investing and direct trading capabilities. The firm is focused on maintaining its client‐centric model and continuing to serve as a trusted partner to clients. As of November 1, 2020, Corbin has $7.53 billion in assets under management. For more information, please visit https://www.corbincapital.com/
About Pensions & Investments
Pensions & Investments, owned by Crain Communications Inc., is the 48-year-old global news source of money management. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations, and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses. Visit us at www.pionline.com
On October 20, 2020, the Corbin Private Credit Manager Fund, L.P. (“PCM”) held its final close bringing total committed capital to $127.5 million. PCM is a diversified private credit fund of funds focused on established and emerging managers and is complemented by an opportunistic sleeve for co-investments and secondary purchases. PCM seeks value by sourcing managers that target less competitive market segments and complexity premiums and by focusing on shorter duration, non-sponsored situations.
Ralph Vasami, Director of Institutional Sales, gave an educational presentation titled “Alternative Investments: Seeing Past The Jargon” at the Mid-Atlantic Plan Sponsors (“MAPS”) Annual Trustee Education Video Conference on October 8th, 2020. The presentation focused on often complex alternative investment concepts, which were explained in an understandable way by drawing analogies to non-investment related topics. The audience included pension trustees, administrators, and financial industry service providers. MAPS is a non-profit, eleven-state organization dedicated to trustee education.
Craig Bergstrom joined the EisnerAmper “This Way Up: How Alternatives Should Look to Reorient in Q4 and Beyond” virtual panel to discuss how the alternatives market has fared and adapted since March, and which strategies could shape the space moving forward. Watch the full webinar here.
Adriana Clancy caught up with Seward & Kissel LLP to discuss the current investment environment. A few of the topics include:
The video can be viewed here: https://vimeo.com/447598233
Corbin’s strong asset growth in 2019 was profiled in HFM’s FoHF Billion Dollar Club.
“The collective assets run by the world’s largest FoHF managers flatlined last year, despite the industry posting its strongest annual performance gain since 2013… Corbin Capital achieved one of the strongest percentage-growth gains in this asset bracket. The firm’s 14% growth for 2019 predominately came from client investments in multi-strategy portfolios, with additional growth in opportunistic credit strategies.”
Read more here: https://hfm.global/hfminvesthedge/analysis/2019-fohf-billion-dollar-club/
Dear Clients and Friends,
We are concerned and actively monitoring the rising number of COVID-19 cases across the US and globally. While we deeply value our high touch communication style with our clients and managers/partners, we want to do our part to put the safety of our employees, their families and our managers/partners first. In an effort to be conservative, Corbin has taken internal precautions suspending international travel and limiting travel within the US. Further, we are requiring any employee who has traveled to, or who has a household member who has traveled to, a Level 2 or 3 country as identified by the CDC to self-report that travel and work remotely for at least 14 days. We are carefully considering whether or not to meet with guests traveling from coronavirus regions and thus far have been able to meet all client and business needs with meetings and interactions via phone and web-based video conferencing.
As part of a continued commitment to our employees’ and clients’ well-being and a true business continuity test, Corbin employees are currently working from home. Over many years, we have invested in our BCP and technology to be fully operational on a remote basis for all employees and functions across the firm. We have diligently and periodically tested this process and are pleased to note we are functioning at full business capacity at this time. We have also hired an outside cleaning company for a deep clean of the office with additional future cleanings scheduled, recognizing that COVID-19 is known for having a longer surface-life. We have reminded everyone to please stay home when suffering cold or flu-like symptoms, and while this may seem obvious, be diligent in hand washing and replace handshakes with elbow bumps.
In developing our measures to protect our employees and clients, we have spoken with the health department and other experts to better inform Corbin on how to be as prepared as possible. We will continue to monitor the situation and take all precautions necessary to protect our employees and clients. While we hope for the best, we are prepared to manage the risks our business and portfolios may face as the situation evolves.
The Corbin team is available to discuss any of your questions or concerns. Please reach out to your relationship manager or our client services team at clientservices@corbincapital.com any time.
Best regards,
Corbin Capital Partners, L.P.
In the face of rising market volatility, CIO Craig Bergstrom spoke to Bloomberg about how hedge fund performance fared in February.
Read more here: https://www.bloomberg.com/amp/news/articles/2020-02-28/hedge-funds-finally-do-their-job-as-stock-markets-plummet
The private debt market has exploded. In a recent article for Pensions and Investments, CIO Craig Bergstrom shared Corbin’s outlook on the state of the market, where investors can find attractive opportunities and what comes next for the asset class.
Read more here: https://www.pionline.com/industry-voices/commentary-opportunities-private-credit
Craig Bergstrom shared his outlook for the alternative market and the economy at large with EisnerAmper.
“We believe that hedge funds can again demonstrate the sort of return pattern that justifies their place in institutional portfolios,” Bergstrom noted.
The EisnerAmper blog post can be found here: https://www.eisneramper.com/bergstrom-tw-ai-blog-0120/
Corbin Capital Partners appointed Michael Lawson as the firm’s Chief Information Officer, effective January 6, 2020. Lawson was hired in this new role to help Corbin navigate the quickly evolving technology landscape and stay ahead of innovations in information technology.
Prior to joining Corbin, Lawson worked at Moore Capital Management for 22 years, most recently as the Head of Information Technology, followed by independent CIO/CTO consulting within the financial services industry. His extensive background in the field will provide invaluable expertise to Corbin’s existing technology infrastructure and team.
Gwen Gold, spoke with Pensions & Investments about how Corbin works with hedge fund managers to create customized strategies for investors.
The Pensions & Investments article can be found here: https://www.pionline.com/hedge-funds/hedge-fund-managers-are-warming-custom-funds
On November 6, 2019, Adriana Clancy spoke on the “View from the deal team: What skills are required to make a successful investment partner?” panel at the Women in Private Debt forum in London.
“We believe that we are able to make better investment decisions and manage risk more optimally with diversity of many forms as represented across our team. If we all have the same backgrounds and/or professional experiences, we are more likely to be narrower in our universe of focus and approach, and importantly, more likely to have similar blind spots. By stacking our team with professionals who bring varied perspectives to the table, we can evaluate investment ideas and understand their downsides in a far more comprehensive way.” - Adriana Clancy
Craig Bergstrom shares his thoughts on the Land Banking space with Structured Credit Investor. “There aren’t many active financing providers in the land banking space. Consequently, yields across the sector represent a premium to comparable risk because of the low multiples of investor capital involved”, states Craig.
The Structured Credit Investor article can be found here: https://www.structuredcreditinvestor.com/article_loggedOut.asp?subtype=notloggedon&Status=8&SID=70754&ISS=25035
On October 23rd, 2019, Tracy McHale Stuart spoke on a panel on how hedge funds can address Environmental, Social, and Governance (ESG) factors at Albourne’s annual conference in Philadelphia. She discussed her perspective on the level of ESG engagement across the hedge fund landscape and shared insights from Corbin’s approach to integrating these factors into the investment process. She also commented from Corbin’s experience on how managers can incorporate sustainable practices themselves and advocated for the industry more broadly to promote diversity and inclusion within its ranks.
Details on Corbin’s approach to responsible investing can be found here: https://www.corbincapital.com/principles
We know that we need diverse teams to challenge groupthink and gain different perspectives, but many of us are hardwired to gravitate towards people who look and sound like us. Non-profit organizations like Girls Who Invest are paving the way for change. GWI’s mandate is to support talented and motivated young women interested in a career in asset management, one of many industries that struggles with diversity. This summer, Corbin had the opportunity to partner with GWI to help grow the talent pipeline for the future.
Congratulations to our first Girls Who Invest intern, Katherine Huffert from the University of Notre Dame, on a productive summer! Everyone at Corbin was inspired by Katherine’s eagerness to learn and impressed by her contributions to our team. Katherine’s learnings were evident in her final presentation about her hands-on research and evaluation of a global Long-Short Equity fund. We wish Katherine all the best with the new school year!
"My internship at Corbin Capital Partners provided me with an incredible experience to explore asset management and develop skills critical for a professional in finance. Six-weeks surrounded by brilliant, engaging individuals and a dynamic company culture truly encouraged my passion for investing. Thank you Corbin for an outstanding summer, and thank you Girl's Who Invest for the opportunity to intern at such a fantastic firm!"
- Katherine Huffert
On June 6, 2019, Adriana Clancy discusses the direct lending space with Creditflux after her panel at the Creditflux Debtwire US Mid Market Forum.
The Creditflux video can be found here: https://www.creditflux.com/Funds/2019-07-03/Corbins-Clancy-you-can-get-more-bells-and-whistles-with-nonsponsored-deals-video
On June 3rd, 2019, John Hartwell Cocke spoke on a panel at the Opal Private Debt Forum in New York City. He discussed opportunities in direct lending and what’s next for the asset class.
On April 12th, 2019, Craig Bergstrom spoke on a panel at the Quant Conference. He discussed his views on the challenges and opportunities in quantitative hedge fund investing, highlighting the current diversity in methodologies used by managers across strategies
On January 23rd, 2019, Rob Zellner spoke on a panel at the Goldman Sach’s Prime Services Pre-EMC Workshop. He discussed emerging manager identification, evaluation, and selection.
On November 9th, 2018, Tracy McHale Stuart spoke on a panel at the Women’s Alternative Investment Summit. She addressed what strategies Corbin thinks will work in 2019, whether there are still opportunities in long/short equity, and the importance of increased diversity efforts among hedge funds.
On October 18th, 2018, John Hartwell Cocke spoke on a panel at the HFM InvestHedge Conference. He discussed rising demand for co-investments, the importance of structuring, and best co-investing practices.
On October 5, 2018, the Corbin Private Credit Opportunity Fund II, L.P. (“Fund II”) had its final close with $138.8 million of committed capital. Fund II is a co-investment-focused fund that targets non-sponsored, lower middle market, niche situations.
On September 21st, 2018, Craig Bergstrom spoke on a panel at the Wells Fargo Active Management and Research Alliance Symposium. He discussed opportunities for closer partnership with academic research that would lead to better understanding of the industry and opportunities for generating alpha.
Corbin added two hires in the first half of 2018, expanding the investment and risk teams. Zach Bader joined the investment team as a credit analyst. He previously worked at Archview, a distressed hedge fund, where he focused on event-driven credit opportunities. Shryan Appalaraju joined the risk team as a quantitative investment analyst. He previously worked in BlackRock’s Portfolio Analytics group.
On June 20th, 2018, Craig Bergstrom spoke on a panel at the Wells Fargo Prime Services Hedge Fund Symposium. He was on the CIO Panel alongside other industry Chief Investment Officers and discussed his “View From the Top.”
On June 19th, 2018, Jeffrey Park spoke on a panel at the K&L Gates/Alternative Investment Management Association (AIMA) Emerging Manager Hedge Fund Forum. He discussed what it takes for the next generation of alternative investment managers to succeed and the “must haves” for new managers on day one.
On May 22nd, 2018, Craig Bergstrom spoke on a panel at the Morgan Stanley Fixed Income Hedge Fund Forum. He discussed his views on the fixed income and credit markets, where we are in the cycle, and what fixed income assets are most interesting.
