Cross Ocean Partners
Cross Ocean Partners is a privately held, mid-sized specialist credit investment manager founded in 2015, managing $10.7bn across Special Situations, Senior Credit, CLOs, and Secondaries strategies for large institutional investors through offices in the US, UK, Ireland, and Luxembourg.
- Company typePrivate
- Founded2015
- HeadquartersGreenwich, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Cross Ocean Partners does
Cross Ocean Partners is a privately held, mid-sized specialist credit investment manager founded in July 2015 and headquartered in Greenwich, Connecticut, with additional offices in London, Dublin, and Luxembourg. The firm manages $10.7bn in assets under management and employs 85 people globally, deploying capital across four core strategies: Special Situations Credit (the flagship strategy focused on complex secondary market corporate credit), Senior Credit, Collateralized Loan Obligations (CLOs, via the Bosphorus platform acquired from Commerzbank in December 2021), and Secondaries (launched in 2024). Since inception, Cross Ocean has deployed $15.5bn across 300+ credit investments and launched more than 30 funds in commingled, bespoke single investor, hybrid, and closed- or open-ended structures. The firm is backed by Stone Point Capital as a minority investor, was co-founded by Graham Goldsmith and Steve Zander (both formerly of Bank of America Merrill Lynch's Global Credit and Special Situations Group), and is regulated by the SEC in the US and the FCA in the UK.
Cross Ocean serves exclusively large institutional investors — pension funds, endowments, sovereign wealth funds, banks, and corporates — through a relationship-based distribution model. Revenue is generated through management fees on commingled credit funds and bespoke single investor mandates, advisory fees, and carried interest on fund performance. The firm's go-to-market emphasizes multi-channel sourcing of secondary market credit from motivated non-economic sellers (commercial and regional banks, insurance companies, CLOs), senior secured positions with downside protection, and a four-stage ESG integration process. Beyond its traditional credit strategies, the firm has recently expanded into commercial real estate via joint acquisitions with Lincoln Property Company in 2025, signaling a modest broadening of its asset class footprint.
Cross Ocean Partners firmographics
Firmographics- Name
- Cross Ocean Partners
- Legal name
- Cross Ocean Partners Management LP and Cross Ocean Adviser LLP
- Website
- https://crossoceanpartners.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Cross Ocean Partners is a privately held, mid-sized specialist credit investment manager founded in 2015, managing $10.7bn across Special Situations, Senior Credit, CLOs, and Secondaries strategies for large institutional investors through offices in the US, UK, Ireland, and Luxembourg.
- Ownership category
- akta.pro rank
Where Cross Ocean Partners is headquartered
LocationHeadquarters
- HQ city
- Greenwich
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Cross Ocean Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Management and advisory fees: Cross Ocean generates revenue through management fees and advisory fees charged on assets under management across its commingled credit funds and bespoke single investor funds.
- Carried interest / performance fees: The firm earns carried interest (performance fees) on investment returns, particularly from funds in their harvest periods where AUM equates to NAV before carried interest.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Cross Ocean Partners product offering
Product offeringCore offering
Cross Ocean Partners is a mid-sized specialist credit investment manager offering four core strategies — Special Situations Credit, Senior Credit, CLOs, and Secondaries — delivered through commingled credit funds and bespoke single investor funds for institutional clients. The firm targets senior secured corporate credit with downside protection, focusing on complex secondary market credit situations across North America and Western Europe.
Product overview
Cross Ocean Partners operates as a credit investment manager offering four core investment strategies: Special Situations Credit (their flagship global strategy), Senior Credit, CLOs (Collateralized Loan Obligations), and Secondaries. These strategies are delivered through commingled credit funds and bespoke single investor funds for institutional clients, structured in both hybrid/evergreen and traditional closed-ended formats. The firm targets senior secured corporate credit with downside protection, focusing on complex credit situations acquired through the secondary market across North America and Western Europe.
Differentiator
Problem solved
Functional benefit
Products and services
- Special Situations Credit
- Senior Credit
- CLOs (Collateralized Loan Obligations)
- Secondaries
- Commingled Credit Funds
- Bespoke Single Investor Funds
Quantifiable outcome
- $10.7bn in assets under management
- +3 more outcomes
Companies that use Cross Ocean Partners
Customer profileSegments1 record
Ideal customer profiles1 record
Cross Ocean Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cross Ocean Partners partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Lincoln Property CompanycoreCo-acquirers with Cross Ocean of 140 Kendrick Street office campus in Needham, Massachusetts for $132 million. This landmark transaction included first formal sale of digital property rights tied to commercial property, documented through blockchain on Digital Rights Network.
- Lincoln Property CompanycoreJoint venture partner for commercial real estate acquisitions. First collaboration between the two firms, marking Cross Ocean's fourth office acquisition nationally and Lincoln's sixth investment in the New York Metro Area. Acquired 650,000 SF office building at 470 Vanderbilt Avenue in Downtown Brooklyn.
- BXPcoreBXP, an office REIT, partnered with Cross Ocean Partners and Lincoln Property Company for first-of-its-kind commercial real estate transaction recognizing digital rights as component of real estate ownership. Cross Ocean and Lincoln acquired BXP's 140 Kendrick Street campus.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Cross Ocean Partners competitors and assessment
Company assessmentBroad incumbents
- Oaktree Capital Management: Specialist in distressed debt, special situations, and credit strategies globally; multiple Cross Ocean team members previously worked at Oaktree (Terence Kim was a special situations associate there). Comparable in its special situations orientation but far larger.
- Ares Management (Credit Group): One of the world's largest credit-focused alternative asset managers with extensive CLO, direct lending, and special situations franchises. Much larger scale than Cross Ocean but overlaps in the same product categories and institutional LP relationships.
- Sixth Street (formerly TPG Sixth Street Partners): Large diversified credit and special situations platform with global franchise. Comparable in senior-secured credit and secondary strategies but with materially greater scale and broader product set than Cross Ocean.
Direct peers
- King Street Capital Management: Global special situations and credit value manager; Nick Renwick (Cross Ocean's Head of US Research) spent seven years at King Street in London and New York. Comparable strategy mix and institutional LP base.
- Candlewood Investment Group: Special situations and credit-focused alternative manager where Cross Ocean's Steve Kampf previously worked as a senior research analyst. Mid-sized credit-specialist with overlapping strategy profile.
- Silver Point Capital: Greenwich-based credit-focused hedge fund manager specializing in special situations, distressed, and senior secured credit — a very close analog to Cross Ocean's Special Situations strategy in size, geography, and investment approach. Cross Ocean's US GC previously served as Associate GC at Silver Point.
- Cheyne Capital Management: London-based alternative credit manager covering CLOs, special situations, and structured credit. Cross Ocean participated in a Cheyne-led debt purchase consortium (Sunseeker yacht maker acquisition), evidencing direct transactional overlap.
- Avenue Capital Group: Special situations and distressed credit manager; Peter Rausch (Cross Ocean's Head of US Business Development) was previously a Managing Director at Avenue Capital. Comparable in target investments, geography, and institutional client focus.
- Hayfin Capital Management: London-based mid-market direct lending and special situations credit manager co-founded by Steve Zander's prior firm (Haymarket Financial). Operates European-focused CLOs, direct lending, and special situations strategies targeting senior secured loans — directly comparable to Cross Ocean's Special Situations and CLO franchises.
Emerging players
- Capula Investment Management: Credit-focused alternative manager from which Cross Ocean acquired the European Special Situations business at its 2015 inception. Remains a close peer in the European credit special situations niche.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Cross Ocean Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cross Ocean Partners leadership team
Management profileNumber of profiles
Profiles6 records
Cross Ocean Partners subsidiaries and ownership
Company hierarchySubsidiaries2 records
Cross Ocean Partners funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cross Ocean Partners M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cross Ocean Partners
What does Cross Ocean Partners do?
Cross Ocean Partners is a mid-sized specialist credit investment manager offering four core strategies — Special Situations Credit, Senior Credit, CLOs, and Secondaries — delivered through commingled credit funds and bespoke single investor funds for institutional clients. The firm targets senior secured corporate credit with downside protection, focusing on complex secondary market credit situations across North America and Western Europe.
Is Cross Ocean Partners a public or private company?
Cross Ocean Partners is a private company. It is classified as venture growth investor backed and is currently operating.
When was Cross Ocean Partners founded?
Cross Ocean Partners was founded in 2015. It employs 51 to 100 people.
Where is Cross Ocean Partners based?
Cross Ocean Partners is headquartered in Greenwich, United States, in the North America region.
How does Cross Ocean Partners make money?
Two revenue lines are on record. Management and advisory fees are the primary driver. The others are carried interest / performance fees.
Who are Cross Ocean Partners's main competitors?
Broad incumbents on record are Oaktree Capital Management, Ares Management (Credit Group) and Sixth Street (formerly TPG Sixth Street Partners). Direct peers are King Street Capital Management, Candlewood Investment Group, Silver Point Capital, Cheyne Capital Management, Avenue Capital Group and Hayfin Capital Management. Capula Investment Management is listed as an emerging player.
Does Cross Ocean Partners have an API?
No public API is recorded for Cross Ocean Partners.