We are one of the world's leading private investment firms. We specialize in providing both financial resources and operational expertise to help transform undervalued companies into industry leaders for long-term success and value creation.

Capital Management holds controlling or significant minority interests in companies around the world. In aggregate, these companies currently generate over $200 billion in annual revenues.

Strategies:
We invest in less efficient markets and alternative investments. Our strategies include:

High Yield Debt:
Along with our established and very successful strategies that focus on U.S. and European high yield bonds, we also manage a more aggressive, higher-risk alternative: the High Yield Plus strategy.

Convertibles:
Our "bottom-up" approach to convertibles emphasizes identifying those issues that offer the greatest bargain — those likely to capture a high percentage of the appreciation of the stocks into which they are convertible while limiting exposure to declines that may occur.

Distressed Debt:
The market inefficiencies we seek as a firm are exemplified in distressed debt. Our team has a record of highly successful investing in the debt of financially distressed companies. Our approach seeks to combine protection against loss, which comes from buying claims on assets at bargain prices, with the substantial gains to be achieved by returning companies to financial viability through restructuring.