Eagle Point Credit Management AUM grew 26% to $7.6B

Eagle Point Credit Management LLC is an investment advisory firm that provides services to various investment vehicles and accounts. The firm specializes in managing investments related to Collateralized Loan Obligations (CLOs), debt and preferred equity securities, corporate debt securities, synthetic credit investments, and related investments.

It is wholly owned by Eagle Point Holdings LP, with the majority ownership lying with the "Trident Funds," a series of private equity funds managed by Stone Point Capital LLC.

In the recent ADV form filing, Eagle Point Credit Management LLC underwent notable changes from March 2022 to April 2023.

There was a substantial growth of 26% in the firm's total assets under management, escalating from about $6.05 billion to $7.62 billion. The number of accounts also saw a rise, increasing from 62 to 77. Meanwhile, the company expanded its workforce, with the employee count moving up from 51 to 58.

EAGLE POINT CREDIT PARTNERS LP:

• Gross Asset Value decreased from $1.47B to $1.40B.
• The number of Beneficial Owners increased from 203 to 216.
• The percentage beneficially owned by related persons decreased from 10% to 6%.
• The percentage beneficially owned by funds of funds increased from 2% to 8%.
• The percentage beneficially owned by non-US persons increased from 18% to 26%. The percentage of clients invested decreased from 13% to 12%.
• There was a change in custodians, with the addition of BARCLAYS CAPITAL INC. and WELLS FARGO BANK, N.A.
  
  

EAGLE POINT CLO EQUITY FUND I LLC:

• Gross Asset Value decreased from $130.39M to $9.38M.
  
  

EP CLO OPPORTUNITIES FUND I LP:

• Gross Asset Value decreased from $50.30M to $46.11M. The number of Beneficial Owners increased from 2 to 5.
  
  

STEAMBOAT SUPER HORNET LTD.:

• Gross Asset Value increased from $46.81M to $113.30M.
  
  

Lastly, the firm added 6 private funds to its portfolio.

EAGLE POINT DEFENSIVE INCOME FUND II US LP

• Gross Asset Value: $87,224,704

STEAMBOAT THUNDER LTD.

• Minimum investment commitment required: $250,000
  

STEAMBOAT GRYPHON LTD.

• Gross Asset Value: $5,131,128

STEAMBOAT LIGHTNING LTD.

• Gross Asset Value: $1,500,000

EAGLE POINT DEFENSIVE INCOME FUND II NON-US LP

• Minimum investment commitment required: $5,000,000

EAGLE POINT DEFENSIVE INCOME PARTNERS LP

• Minimum investment commitment required: $5,000,000
  
  

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