13129
Assets by Count
2.8 billion
Notional Asset Balance
2.3 billion
Fee-Earning Assets
6
Separate Accounts

(active assets as of March 2017)

Who we are

SEASONED INVESTMENT MANAGERS

Palisades is a Management-owned SEC registered investment advisor focused on fundamental bottom-up research and control-based credit management services and investment strategies in the whole loan, real estate, niche credit, and fixed income markets.

We currently manage $2.8 billion (in notional asset balance as of March 2017) of residential loans, real estate, and fixed income securities for globally recognized private equity, family office, bank, broker-dealer, and insurance clients.

Our asset management style applies a granular loan-level approach to default management, loss mitigation, vendor oversight, and management of credit sensitive loans where we can impact performance.

LOAN & REAL ESTATE ASSETS MANAGED TO DATE

2012: $106 million
2013: $2.36 billion
2014: $6.72 billion
2015: $7.86 billion
2016: $8.65 billion
2017: $8.77 billion

(based on notional asset balance at acquisition as of March 2017)

How we do it

OUR APPROACH

Driven by a daily commitment to operational cohesion, technological advancement, and a bottom-up approach to research and analytics, we maintain a tireless focus on preserving and creating value at both the individual-loan- and portfolio-level

TRANSPARENCY

Provide full transparency into every aspect of portfolio construction and asset activity

INVESTMENT STYLE

Full cycle and long-term orientation with focus on income-based credit opportunities

ALIGNMENT OF INTEREST

No captive operating entities to blur line between Client and Manager interests.  Multiple vendors/servicers provide redundancy, business continuity and access to breadth of information

CONTROL

High touch credit management with the ability to control and influence asset performance

COMPLEXITY PREMIUM

Focus on asset categories with high barriers to entry and garner complexity premium

MOTIVATED COUNTERPARTIES

Provide liquidity to counterparties motivated by non-economic reasons

What we do

Strategy Applications

ASSET MANAGEMENT

Control-based credit management focused on controlling risk, enhancing asset value, generating quality income and preserving purchasing power in a tax efficient construct

SEPARATE ACCOUNTS

Discretionary and non-discretionary turn-key portfolio solution that spans the entire investment process, including: asset sourcing, valuation modeling, trading, financing/securitizations, due diligence, transaction management, servicer and vendor oversight, asset management, loss mitigation, and reporting

POOLED VEHICLES

Traditional limited partnership structures that offer the same level of transparency as separate accounts and match liquidity terms with asset allocation strategy

CREDIT RISK MANAGEMENT (CRM) & SURVEILLANCE

Securitization oversight and deal management.  Legacy securitization market structure failed to incorporate basic principles of checks-and-balances.  The next generation of credit-based securitizations will require that a non-conflicted party be responsible for overseeing the transaction on behalf of investors

Meet the Team

Management Team

The Palisades Group strives to attract and retain the highest quality team members, maintain a culture that fosters innovative thought, emphasize the use of technological efficiencies, and work to provide the Team with the highest quality resources to execute

Steve

STEVE KIRCH

CO-FOUNDER & CHIEF EXECUTIVE OFFICER

JACK MACDOWELL, JR., CFA

CO-FOUNDER & CHIEF INVESTMENT OFFICER

NIRVAN GHOSH, CFA, FRM

PORTFOLIO MANAGER

SALLY KAWANA

CHIEF FINANCIAL OFFICER

MATT MUSTICH

HEAD OF ASSET MANAGEMENT

Los Angeles