Tolis Advisors

What Tolis Advisors does

Tolis Advisors, LP is a New York-based Structured Credit asset manager founded in 2007. The firm provides investment management services to investment funds and separately managed accounts, managing multi-strategy portfolios spanning Commercial Mortgage-Backed Securities (CMBS), Residential Mortgage-Backed Securities (RMBS), Collateralized Debt Obligations (CDOs), and Asset-Backed Securities (ABS). Its investment approach combines fundamental value analysis with a multi-strategy framework, biased toward capital preservation while targeting elevated cash-on-cash returns and trading gains. The firm is built around a three-person senior partnership: Eric Banks (Founder, Co-CIO, ex-Co-Head of CDO Trading at Bear Stearns), Spencer Parker (Partner, Portfolio Manager, Co-CIO, ex-BNP Paribas Fortis/Société Générale/Bear Stearns), and Salvatore Puliafico (Partner, COO, CFO, CCO, ex-JPMorgan/Bear Stearns). Tolis holds no proprietary technology platform, generates revenue through investment management fees against AUM in investment funds and SMAs, and operates as a privately held limited partnership with no external funding or institutional ownership disclosed.

Name

Tolis Advisors

Legal name

Tolis Advisors, LP

Website

https://tolisadvisors.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Tolis Advisors is a New York-based Structured Credit asset manager founded in 2007. It provides investment management services to investment funds and separately managed accounts, managing multi-strategy portfolios across CMBS, RMBS, CDOs, and ABS markets.

Ownership category

akta.pro rank

Product category

Structured Credit Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Strategy — Equity L/S + Sector Specialists (FSAHAFAD)

akta.pro secondary industries

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Structured credit investing
• Asset management services
• Credit portfolio management
• Institutional fund management
• Separately managed accounts

Headquarters

HQ city

New York

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, Infrastructure, Others

Revenue model

1. Investment Management Fees: Tolis Advisors generates revenue through asset management fees charged to investment funds and separately managed accounts for managing their Structured Credit portfolios. As a credit asset manager, revenue is likely derived from a combination of management fees (percentage of assets under management) and potentially performance/incentive fees.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Tolis Advisors provides discretionary investment management services to investment funds and separately managed accounts, specializing in Structured Credit assets including CMBS, RMBS, CDOs, and ABS. The firm applies a fundamental value, multi-strategy approach aimed at generating elevated cash-on-cash returns and trading gains while maintaining a bias toward capital preservation. Operations are conducted from a single New York headquarters serving institutional clients.

Product overview

Tolis Advisors is a New York-based Structured Credit asset manager founded in 2007. The firm operates as a single unified investment management offering, providing services to investment funds and separately managed accounts. The investment strategy combines fundamental value analysis with a multi-strategy approach across the Structured Credit markets, focusing on portfolios composed of Commercial Mortgage Backed Securities (CMBS), Residential Mortgage Backed Securities (RMBS), Collateralized Debt Obligations (CDOs), and Asset Backed Securities (ABS), seeking to maximize total return with a bias toward capital preservation.

Differentiator

Problem solved

Functional benefit

Products and services

• Structured Credit Investment Management Services Discretionary investment management of Structured Credit assets (CMBS, RMBS, CDOs, ABS) delivered to investment funds and separately managed accounts, targeting elevated cash-on-cash returns with a capital-preservation bias.
• Multi-Strategy Structured Credit Portfolio A fundamental value, multi-strategy investment approach applied across Structured Credit sub-sectors (CMBS, RMBS, CDOs, ABS), seeking elevated cash-on-cash returns and trading gains while preserving capital.
• Separately Managed Account Services Bespoke separately managed account management of Structured Credit assets for family offices, high net worth individuals, and institutional investors with customized mandates and risk parameters.

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 indicators2 records

Recent moves4 records

Direct peers

• Anchorage Capital Group: New York-based alternative credit manager with significant structured credit, CLO, and distressed credit capabilities. Directly comparable to Tolis in asset class focus and multi-strategy credit approach.
• Diameter Capital Partners: Specialist structured credit and asset-backed credit manager founded by ex-Bear Stearns and Goldman structured credit professionals. Closest direct peer given similar Wall Street heritage and structured credit focus.
• Octagon Credit Investors: Specialist structured credit manager focused on CLOs, RMBS, CMBS, and ABS. Comparable multi-sector structured credit mandate and institutional client base.
• Marathon Asset Management: Credit-focused alternative asset manager with deep structured credit, securitized products, and distressed credit capabilities. Comparable in multi-strategy credit approach and New York base.
• Angelo Gordon: Multi-strategy alternative credit manager with a sizable structured credit and securitized products franchise. Comparable in product breadth across structured credit sectors.
• One William Street Capital Management: Boutique structured credit manager founded by senior structured credit professionals from major banks. Closely comparable boutique scale and structured credit focus to Tolis.

Broad incumbents

• PineBridge Investments: Large multi-asset manager with active structured credit and securitized products capabilities as part of a broader fixed income platform. Comparable in asset class coverage but operates at significantly larger scale.
• DoubleLine Capital: Major fixed income manager with structured products, RMBS, CMBS, and CLO capabilities as part of a wider credit franchise. Comparable in securitized credit exposure but much larger and broader.
• Voya Investment Management: Large asset manager offering structured credit, RMBS, CMBS, and ABS strategies within its broader fixed income platform. Comparable product coverage but operates at institutional scale.
• Western Asset Management: Major fixed income manager with structured credit and securitized products capabilities as part of a global credit platform. Overlapping asset class coverage but at much larger scale and broader mandate.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tolis-advisors-lp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Tolis Advisors