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Cross Sound Distressed Opportunities Fund, L.P. - Series 1

Cross Sound Management LLC

Company Overview

Cross Sound was founded in April 2016 by Arif Gangat and David Dunn (the “Managers”) and the Fund was launched in May 2016. Together they have more than 35 years of investing experience, spanning multiple distressed cycles. Immediately prior to forming Cross Sound, the Managers worked together for 5 years at Arrowgrass Capital Partners. During this time, the Managers forged a strong partnership built on their complementary skill sets, including fundamental, legal and restructuring process expertise. Cross Sound’s seed investor is the Sierentz Group, a family office formed by members of the Louis-Dreyfus family.

Fund Strategy

Cross Sound pursues distressed investment opportunities, principally in the energy sector. The Fund’s objective is to achieve consistent absolute returns with moderate volatility and minimal correlation to other distressed funds and the equity markets. Cross Sound employs a research intensive, catalyst-driven approach, which drives a concentrated portfolio of idiosyncratic investments with a favorable risk/reward profile. The Fund invests across the capital structure, and its portfolio is currently focused on North American companies spanning a broad range of energy sub-sectors, including E&P, energy services, IPPs and utilities, and metals/mining. As appropriate, Cross Sound may also pursue distressed opportunities outside the energy sector.

Quick Facts

Category:
  • Event-Driven » Distressed Securities
Inception Date: 2016-05
Monthly Performance Data:
Feb 7.12%

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