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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 nimble fund size 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 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 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
As Shorecliff’s CIO and CEO, Grant’s leadership responsibilities include oversight of the firm’s investment strategy, portfolio construction, research and analysis, and risk management, as well as Shorecliff’s overall business operations. Grant has over 15 years’ experience navigating complex credit markets across cycles at firms including Millennium Management, Oaktree Capital, and Brigade Capital. His expertise extends across performing and stressed capital structures, and across sectors including technology, media, telecom, leisure, transportation, health care, industrials, services, and power. In addition, Grant invested in many of the largest restructurings of the financial crisis and thereafter, serving as an active participant on seven steering committees. Grant and the founding team formed Shorecliff Asset Management as a scalable, investor-focused, Full Cycle Credit ℠ asset manager. He holds an MBA from The Wharton School, and a Master in Economics from The Sorbonne. Grant graduated from Swarthmore College with a degree in Economics.
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ANTHONY LA LOTA, CFA
Co-Founder, Portfolio Manager
As a portfolio manager at Shorecliff, Anthony shares primary responsibility with Grant for the firm’s investment strategy, research process, and risk management. Anthony has worked as a credit investor for ten years at firms including Crescent Capital, Oaktree Capital, and Bank of Ireland. Anthony worked directly with Grant at Oaktree, where together they evaluated and invested in performing and stressed corporate credit. Anthony has covered verticals including aerospace, defense, media, technology, telecom, transportation, leisure, and services. He graduated from Rutgers Business School with a degree in Finance after transferring from University of Michigan. Anthony played Division I football at both institutions and was a full scholarship recipient. Anthony is a CFA Charterholder.
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MARK BELLIAS
Chief Operating Officer & Chief Compliance Officer
As Shorecliff’s COO & CCO, Mark Bellias oversees functions including operations, trade settlement, compliance, accounting, audit, HR, technology, and systems. Mark worked as Director of Operations at Symphony Asset Management for 15 years, where he led the efforts to merge Nuveen’s leveraged loan platform into Symphony’s. Mark initially joined Symphony to modernize the firm’s leveraged loan operations, which successfully scaled over ten times during his tenure. Mark worked at Barclays Global Investors prior to joining Symphony. He graduated from Bryant University with degrees in Finance and Computer Information Systems.
GRANT NACHMAN
Chief Investment Officer & Chief Executive Officer
As Shorecliff’s CIO and CEO, Grant’s leadership responsibilities include oversight of the firm’s investment strategy, portfolio construction, research and analysis, and risk management, as well as Shorecliff’s overall business operations.
Grant has over 15 years’ experience navigating complex credit markets across cycles at firms including Millennium Management, Oaktree Capital, and Brigade Capital. His expertise extends across performing and stressed capital structures, and across sectors including technology, media, telecom, leisure, transportation, health care, industrials, services, and power. In addition, Grant invested in many of the largest restructurings of the financial crisis and thereafter, serving as an active participant on seven steering committees.
Grant and the founding team formed Shorecliff Asset Management as a scalable, investor-focused, Full Cycle Credit ℠ asset manager.
He holds an MBA from The Wharton School, and a Master in Economics from The Sorbonne. Grant graduated from Swarthmore College with a degree in Economics.
ANTHONY LA LOTA, CFA
Co-Founder, Portfolio Manager
As a portfolio manager at Shorecliff, Anthony shares primary responsibility with Grant for the firm’s investment strategy, research process, and risk management.
Anthony has worked as a credit investor for ten years at firms including Crescent Capital, Oaktree Capital, and Bank of Ireland. Anthony worked directly with Grant at Oaktree, where together they evaluated and invested in performing and stressed corporate credit. Anthony has covered verticals including aerospace, defense, media, technology, telecom, transportation, leisure, and services.
He graduated from Rutgers Business School with a degree in Finance after transferring from University of Michigan. Anthony played Division I football at both institutions and was a full scholarship recipient. Anthony is a CFA Charterholder.
MARK BELLIAS
Chief Operating Officer & Chief Compliance Officer
As Shorecliff’s COO & CCO, Mark Bellias oversees functions including operations, trade settlement, compliance, accounting, audit, HR, technology, and systems.
Mark worked as Director of Operations at Symphony Asset Management for 15 years, where he led the efforts to merge Nuveen’s leveraged loan platform into Symphony’s. Mark initially joined Symphony to modernize the firm’s leveraged loan operations, which successfully scaled over ten times during his tenure. Mark worked at Barclays Global Investors prior to joining Symphony.
He graduated from Bryant University with degrees in Finance and Computer Information Systems.
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.
