Cohanzick Management

What Cohanzick Management does

Cohanzick Management, LLC is a privately held, SEC-registered investment adviser founded in August 1996 by David Sherman and headquartered in Pleasantville, New York. The firm manages private investment vehicles for qualified and institutional investors, with an investment philosophy centered on capital preservation — articulated as "return of capital is more important than return on capital" — and a disciplined, fundamentals-driven approach to issuer and capital-structure analysis.

The firm's business model is fee-based, generating revenue from management fees (and potentially performance fees) on the private funds it manages. In August 2022, Cohanzick acquired a controlling stake in ENDI Corp, a registered investment company that wholly owns CrossingBridge Advisors, LLC, broadening its platform into a multi-brand structure. Cohanzick also acts as sub-adviser to the RiverPark Short Term High Yield Fund, which extends its reach via an externally distributed registered product. The firm has 11-50 employees, operates from a single U.S. office, and limits its offering to U.S. persons.

Cohanzick distributes exclusively through direct relationships and private placement memoranda, with no public marketing channels, no disclosed technology platform, and no AI/ML capabilities described in available materials. Its competitive positioning is built on founder continuity, an underwriting philosophy that prioritizes avoiding large position failures, and willingness to stand aside in frothy markets — a stance that, combined with its boutique scale, makes the firm a niche capital-preservation specialist rather than a scaled asset manager.

Name

Cohanzick Management

Legal name

Cohanzick Management, LLC

Website

https://cohanzick.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

Cohanzick Management is a privately held, SEC-registered investment adviser founded in 1996 that manages private investment vehicles for qualified and institutional investors, prioritizing capital preservation through disciplined fundamental credit analysis. It controls ENDI Corp (parent of CrossingBridge Advisors) and sub-advises the RiverPark Short Term High Yield Fund.

Ownership category

akta.pro rank

Headquarters

HQ city

Pleasantville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales, Technology or R&D

Revenue model

1. Investment Advisory and Management Fees: Cohanzick Management LLC is an investment adviser that manages private investment vehicles. The firm generates revenue through management fees and potentially performance fees associated with the private funds it manages. The company serves as sub-adviser to the RiverPark Short Term High Yield Fund.

Distribution channels1 record

Marketing channels2 records

Core offering

Cohanzick Management, LLC is a private investment management firm that manages private investment vehicles for qualified investors, with a stated focus on capital preservation and consistent long-term returns. The firm also controls ENDI Corp (since August 2022), which wholly owns CrossingBridge Advisors, LLC, a registered investment company, and serves as sub-adviser to the RiverPark Short Term High Yield Fund. Distribution is conducted directly via private placement memoranda to sophisticated investors.

Product overview

Cohanzick Management operates as an investment management firm with a multi-brand structure. The core entity, Cohanzick Management, LLC (established 1996), controls ENDI Corp (acquired August 2022), under which CrossingBridge Advisors operates as a wholly owned subsidiary. The firm also serves as sub-adviser to the RiverPark Short Term High Yield Fund. Cohanzick focuses on private investment vehicles and strategies centered on return of capital over return on capital, with a disciplined and pragmatic investment approach.

Differentiator

Problem solved

Functional benefit

Products and services

• Cohanzick Private Investment Vehicles Private investment vehicles managed by Cohanzick Management, LLC for qualified investors, focused on capital preservation and consistent long-term returns via a disciplined, pragmatic investment approach. Subscriptions are made through private placement memoranda.
• CrossingBridge Advisors, LLC A registered investment company and wholly owned subsidiary of ENDI Corp (controlled by Cohanzick since August 2022), expanding Cohanzick's investment management capabilities and product offerings within a multi-brand corporate structure.
• RiverPark Short Term High Yield Fund (Sub-Advisory) Sub-advisory investment management services provided by Cohanzick Management, LLC to the RiverPark Short Term High Yield Fund, offering short-duration high-yield fixed income exposure within a specified maturity profile.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Direct peers

• Tweedy, Browne: Tweedy Browne is a multi-decade boutique value manager founded on a deep-value, capital-preservation philosophy — highly comparable to Cohanzick in philosophy, scale, and long-tenured client base.
• CrossingBridge Advisors: CrossingBridge Advisors is a Registered Investment Company and a wholly owned subsidiary of ENDI Corp, which Cohanzick controls. It offers overlapping private credit and income strategies, making it the closest peer in mandate type and target investor base.
• Aristotle Capital Management: Aristotle is a privately held, multi-strategy boutique investment manager with a founder-influenced culture of long-term, capital-preservation-oriented investing — comparable in size, ownership structure, and disciplined philosophy.
• RiverPark Funds: RiverPark is a fund sponsor for whom Cohanzick serves as sub-adviser on the Short Term High Yield Fund. Comparable as a multi-product registered fund complex with overlapping investment discipline and capital-preservation orientation.
• Pzena Investment Management: Pzena is a publicly listed boutique asset manager running deep-value equity strategies for institutional and retail clients. Comparable to Cohanzick as a smaller, philosophy-driven alternative to large generalist asset managers.
• ValueAct Capital: ValueAct is a smaller, founder-influenced, fundamentally driven investment manager targeting patient capital with downside protection — comparable in philosophy-driven, contrarian approach.

Broad incumbents

• First Eagle Investment Management: First Eagle is a long-tenured, value-oriented investment manager built around capital preservation and downside protection — closely aligned with Cohanzick's "return of capital over return on capital" philosophy and HNW/institutional target market.
• Loomis Sayles: Loomis Sayles is a global fixed-income manager with substantial high-yield and credit capabilities, directly relevant given Cohanzick's sub-advisory role on the RiverPark Short Term High Yield Fund.
• Western Asset Management: Western Asset is a major fixed-income manager with deep high-yield and multi-sector credit capabilities — comparable as an incumbent in the strategies Cohanzick pursues through its sub-advisory mandate.
• Eaton Vance: Eaton Vance (now part of Morgan Stanley Investment Management) is a multi-affiliate investment manager offering active equity, fixed-income, and alternative strategies — comparable as a multi-brand platform with sub-advisory and institutional capabilities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cohanzick Management