Mockingbird Partners

What Mockingbird Partners does

Mockingbird Credit Partners, LLC is a Dallas, Texas-based alternative investment firm that manages private funds focused on senior secured corporate loans. The firm was co-founded by Greg Stuecheli, CFA and Michael A. Hasenauer, CFA, who have worked together since 2008 and bring over 25 years of combined experience in credit and equity markets. Leadership roster references also identify Randy Salisbury as a founding partner, though his full biography is not disclosed in the source material. The two named co-founders previously managed over $1.5 billion in assets at Highland Funds and Highland Capital, including senior secured corporate loans, high yield corporate bonds, structured products, and distressed credit across mutual fund, closed-end fund, CLO, hedge fund, and separately managed account platforms.

The firm's investment philosophy is built on four pillars: market awareness rather than market timing, focus on industries with long-term intrinsic value, investing at a discount to intrinsic value, and exploiting structural inefficiencies in credit markets. It positions senior secured positioning in the capital structure as the primary mechanism for downside protection. The offering is a consolidated private fund strategy rather than a multi-product lineup, distributed directly to qualified individuals, family offices, and institutional investors through a relationship-led sales motion and a third-party Cortland Global investor portal. No proprietary technology, AI/ML capabilities, or distinct product modules are disclosed, and the core operating model is conventional discretionary credit management.

The revenue model is investment management fees on assets under management, with performance fees (carried interest) likely but not confirmed in the data. As a private firm domiciled in Texas with no external parent or institutional capital backing disclosed, growth is funded internally and constrained by fundraising effectiveness and credit cycle performance.

Name

Mockingbird Partners

Legal name

Mockingbird Credit Partners, LLC

Website

https://mbirdcp.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Mockingbird Credit Partners is a Dallas-based alternative investment firm managing private funds that invest in senior secured corporate loans for qualified individuals, family offices, and institutional investors. It was founded by two former Highland Capital portfolio executives with 25+ years of combined credit markets experience.

Ownership category

akta.pro rank

Product category

Private Credit / Alternative Investment Management

NAICS

Credit Intermediation and Related Activities (522), Open-End Investment Funds (525910)

SIC

Investment Advice (6282), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)

akta.pro secondary industries

Distressed / Opportunistic Credit (FSANADAF), Special Situations / Opportunistic Credit Funds (FSANAKAB)

Keywords

• Private credit funds
• Alternative investments
• Senior secured loans
• Investment management
• Corporate credit markets

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Management Fees: As an alternative investment firm managing private funds for qualified investors, Mockingbird Credit Partners generates revenue through investment management fees charged on assets under management, and potentially performance fees (carried interest) based on fund returns.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Mockingbird Credit Partners, LLC is an alternative investment firm that manages private funds focused on senior secured corporate loans throughout the credit cycle. The firm generates risk-adjusted returns by investing at a discount to intrinsic value, emphasizing downside protection, and exploits structural inefficiencies in credit markets. Funds are offered exclusively to qualified individuals, family offices, and institutional investors.

Product overview

Mockingbird Credit Partners, LLC is an alternative investment firm that operates as a single, unified investment management offering focused on generating risk-adjusted returns through investments in senior corporate loans. The firm manages private funds exclusively for qualified individuals, family offices, and institutional investors. Rather than offering distinct product modules or branded fund vehicles, the firm presents a consolidated investment approach guided by principles of downside protection, disciplined strategy, and credit cycle awareness. The investment philosophy centers on four key tenets: market awareness (not timing), focus on long-term value industries, intrinsic value investing at a discount, and exploiting structural inefficiencies in credit markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Credit Fund (Senior Secured Corporate Loans) Alternative investment fund focused on senior secured corporate loans, structured products, high-yield bonds, and related credit instruments. Available exclusively to qualified individuals, family offices, and institutional investors. Managed with a philosophy emphasizing downside protection, market awareness, and intrinsic value investing.

Quantifiable outcome

• Risk-adjusted returns through credit cycle

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Direct peers

• WhiteHorse Capital: WhiteHorse is a middle-market direct lending firm focused on senior secured loans. It is a close comparable in strategy, borrower type, and fund structure.
• Golub Capital: Golub is a leading direct lending firm focused on senior secured loans to sponsor-backed middle-market companies. It is a direct competitor for the same borrower and LP universe as Mockingbird.
• Sixth Street Partners: Sixth Street is a large private credit and direct lending platform investing in senior secured loans and structured credit. It mirrors Mockingbird's senior secured, downside-protected approach but at substantially greater AUM.
• Crescent Capital Group: Crescent is a middle-market direct lending and structured credit manager. Its focus on senior secured loans and opportunistic credit closely parallels Mockingbird's stated strategy.
• Bain Capital Credit: Bain Capital Credit manages private credit funds investing in senior loans, distressed debt, and special situations. It overlaps directly with Mockingbird's investment universe.
• Highland Capital Management: Highland is the founders' prior employer and a direct lineage connection. It manages senior secured loan funds and CLOs, and is comparable because the founders run substantially the same strategy they previously ran at Highland.

Broad incumbents

• Oaktree Capital Management: Oaktree is a major alternative investment manager with deep distressed and senior loan capabilities. It is comparable as a credit-focused incumbent with overlapping investment philosophy on downside protection.
• Ares Capital: Ares Capital is one of the largest BDCs focused on senior secured loans to middle-market companies. It is comparable to Mockingbird as a benchmark for direct lending scale and senior loan origination in the same asset class.
• Blue Owl Capital: Blue Owl's direct lending franchise (formerly Owl Rock) invests in senior secured loans to middle-market companies. It is comparable to Mockingbird as a senior loan-focused competitor with permanent capital vehicles.
• Apollo Credit: Apollo's credit franchise invests across private credit, senior loans, and distressed debt. It is a broad incumbent comparable to Mockingbird in the senior corporate loan space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mockingbird-credit-partners-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Mockingbird Partners