20 Gates Management
20 Gates Management is a New York-based institutional investment management firm that provides active management of specialized fixed income strategies and advisory services to institutional investors and investment management companies on a sub-advisory basis.
- Company typePrivate
- Founded1997
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What 20 Gates Management does
20 Gates Management is a privately held, New York-based institutional investment management firm founded in 1997 by former Credit Suisse Conduit and Credit Products Group executives Hans Bald, Joseph Soave, Mark Golombeck, and Josh Borg, with Alex Smith joining as a co-founder shortly after. The firm provides active management of specialized fixed income strategies to two primary client segments: large institutional investors and investment management companies that engage the firm in sub-advisory relationships. Its investment team has collectively managed over $100 billion across fixed income strategies at prior firms, and senior principals have worked together for over a decade.
The firm's core technology and product platform comprises three specialized fixed income strategy categories — Short Term Credit (repos, ABCP, corporate CP, corporate bonds), Corporate Credit (high grade bonds, bank loans, credit derivatives, index products), and Securitized Assets (ABS, RMBS, CLOs, conduits) — combined with four advisory service lines: Asset-Backed Funding Programs (including ABCP conduit structuring), Portfolio Management Services, Asset/Liability Management Services, and Transaction Level Services. The underlying investment process integrates fundamental analysis with quantitative guidance to identify value across inefficient fixed income sectors. The firm holds SOC 1 audit attestation from PricewaterhouseCoopers LLP and operates as an SEC Registered Investment Adviser.
The business model is fee-based, generating revenue from investment management fees on sub-advised and direct institutional mandates (subscription/recurring) and managed advisory services. Pricing is not publicly disclosed and is structured on a quote-based, relationship-driven basis. The firm distributes exclusively through direct institutional sales with no marketing channels, no app or digital platform, and no international offices, operating from a single headquarters at 120 West 45th Street in Midtown Manhattan with 11-50 employees. In February 2026, the company divested its U.S. Secured Financing Platform to fintech firm Capitolis, narrowing strategic scope around its core specialized fixed income asset management and advisory franchise.
20 Gates Management firmographics
Firmographics- Name
- 20 Gates Management
- Legal name
- 20 Gates Management LLC
- Website
- https://20gates.com
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- 20 Gates Management is a New York-based institutional investment management firm that provides active management of specialized fixed income strategies and advisory services to institutional investors and investment management companies on a sub-advisory basis.
- Ownership category
- akta.pro rank
Where 20 Gates Management is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
20 Gates Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure
Revenue model
- Investment Management Fees: The firm provides active management of specialized fixed income strategies to institutional investors and investment management companies in sub-advisory relationships, earning fees for investment management services.
- Advisory Services: Provides advisory services on asset selection, portfolio management, risk management, funding programs structuring, and transaction level services for third-party programs including ABCP Conduits.
Go-to-market motion1 record
Distribution channels1 record
20 Gates Management product offering
Product offeringCore offering
20 Gates Management is an institutional investment management firm that provides active management of specialized fixed income strategies to institutional investors and investment management companies, primarily through sub-advisory relationships. The firm delivers three core fixed income strategy categories—Short Term Credit, Corporate Credit, and Securitized Assets—alongside advisory services that include asset-backed funding programs (including ABCP Conduits), portfolio management, asset/liability management, and transaction-level advisory services.
Product overview
20 Gates Management is an institutional investment management firm that offers a unified platform of fixed income investment management and advisory services. The core Asset Management platform provides active management of three specialized fixed income strategy categories: Short Term Credit (Repurchase Agreements, ABCP, Corporate CP, Corporate Bonds), Corporate Credit (High Grade Bonds, Bank Loans, Credit Derivatives, Index Products), and Securitized Assets (ABS, RMBS, CLO's, Conduits). Complementing the asset management platform are Advisory Services comprising four distinct offerings: Asset-Backed Funding Programs (structuring and administration for ABCP Conduits and special purpose funding vehicles), Portfolio Management Services (performance monitoring, compliance testing, market value discovery), Asset/Liability Management Services (funding strategies, liability issuance, cash management), and Transaction Level Services (asset investigations, structuring advice, ratings advisory). Together, these services provide institutional clients with end-to-end fixed income solutions from strategy management through transaction execution.
Differentiator
Problem solved
Functional benefit
Products and services
- Asset Management
Companies that use 20 Gates Management
Customer profileSegments2 records
Ideal customer profiles2 records
20 Gates Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
20 Gates Management partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CapitolismajorCapitolis, a fintech company, announced it has signed an agreement to acquire 20 Gates Management's U.S. Secured Financing Platform. The acquisition adds U.S. secured financing capabilities to Capitolis's Capital Marketplace, brings an established roster of major financial institutions to its network, and brings veteran team members from 20 Gates Management. Capitolis is expanding from its existing European secured financing offerings into the U.S. market. Closing expected in the coming weeks.
Scale indicators2 records
Recent moves6 records
Expansion highlights3 records
20 Gates Management competitors and assessment
Company assessmentPeers
Direct peers
- Newfleet Asset Management: A specialist fixed income manager that runs multi-sector credit, securitized, and structured credit strategies for institutional and sub-advisory clients. Comparable to 20 Gates due to overlapping securitized asset and structured credit capabilities.
- Fischer Francis Trees & Watts (FFTW): A specialist fixed income investment manager focused on short-term credit, structured products, and global fixed income strategies serving institutional clients. Highly comparable to 20 Gates given similar focus on short-term credit and securitized assets for institutional mandates.
Broad incumbents
- Voya Investment Management: A large multi-affiliate fixed income asset manager offering institutional fixed income, structured credit, and securitized products. Comparable to 20 Gates as a much larger incumbent offering overlapping capabilities in securitized and corporate credit.
- Western Asset Management: One of the world's largest active fixed income managers with deep expertise in securitized products, credit, and structured finance. Comparable to 20 Gates in fixed income strategy categories though at substantially larger scale.
- Loomis Sayles: A specialist active fixed income and multi-asset manager offering institutional and sub-advisory fixed income strategies across credit, securitized, and global bond mandates. Comparable to 20 Gates in sub-advisory model and fixed income specialization.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key highlights6 records
Customer concentration
20 Gates Management social profiles
Digital presence20 Gates Management compliance and trust
Trust signalCompliance1 record
20 Gates Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
20 Gates Management leadership team
Management profileNumber of profiles
Profiles1 record
20 Gates Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
20 Gates Management M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 20 Gates Management
What does 20 Gates Management do?
20 Gates Management is an institutional investment management firm that provides active management of specialized fixed income strategies to institutional investors and investment management companies, primarily through sub-advisory relationships. The firm delivers three core fixed income strategy categories—Short Term Credit, Corporate Credit, and Securitized Assets—alongside advisory services that include asset-backed funding programs (including ABCP Conduits), portfolio management, asset/liability management, and transaction-level advisory services.
Is 20 Gates Management a public or private company?
20 Gates Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was 20 Gates Management founded?
20 Gates Management was founded in 1997. It employs 11 to 50 people.
Where is 20 Gates Management based?
20 Gates Management is headquartered in New York, United States, in the North America region.
How does 20 Gates Management make money?
Two revenue lines are on record. Investment Management Fees are the primary driver. The others are advisory Services.
Who are 20 Gates Management's main competitors?
Lord Abbett is listed as a peer. Direct peers are Newfleet Asset Management and Fischer Francis Trees & Watts (FFTW). Broad incumbents are Voya Investment Management, Western Asset Management and Loomis Sayles.
Does 20 Gates Management have an API?
No public API is recorded for 20 Gates Management.