What CrossingBridge Advisors does

CrossingBridge Advisors, LLC is a private investment management firm founded in December 2016 by David Sherman and headquartered in Pleasantville, New York. The firm manages a family of six fixed income funds spanning ultra-short duration, low duration high yield, responsible credit, Nordic high income, strategic income (RiverPark), and a Pre-Merger SPAC ETF (ticker SPC, NASDAQ), with assets under management in excess of $4.2 billion as of May 31, 2026. Strategies primarily employ high yield and investment grade corporate debt alongside credit opportunities in event-driven securities, post-reorganization investments, and stressed/distressed debt, with a stated philosophy of prioritizing "return of capital" over "return on capital." Distribution is conducted through Quasar Distributors, LLC for mutual funds and Foreside Fund Services, LLC for the ETF, with offerings restricted to U.S. residents only.

The firm is controlled by ENDI Corp. (Ticker: ENDI), a publicly traded holding company whose controlling shareholders are David Sherman and affiliates. CrossingBridge is led by Sherman (30+ years of investment management experience, previously a senior executive at Leucadia National Corporation and founder of Cohanzick Management, LLC in 1996), Sr. Portfolio Manager T. Kirk Whitney (20+ years of experience), and Portfolio Manager Michael DeKler (responsible for the SPAC ETF). Revenue is generated through recurring investment advisory and management fees on AUM, with the ETF carrying a disclosed 0.87% expense ratio. Marketing is limited to a content/blog channel and regulatory disclosures, with no direct sales force or in-house distribution function, and the firm operates with a lean 1-10 employee headcount.

Name

CrossingBridge Advisors

Legal name

CrossingBridge Advisors, LLC

Website

https://crossingbridgefunds.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

CrossingBridge Advisors is a private, Pleasantville-based fixed income investment manager founded in 2016 by David Sherman, managing in excess of $4.2 billion across six credit and SPAC-focused mutual funds and ETFs for U.S. individual investors and wealth managers.

Ownership category

akta.pro rank

Product category

Fixed Income Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Other Financial Vehicles (52599)

SIC

Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Recapitalizations & Liability Management (Tender/Buybacks, Refinancing) (FSAHACAI)

akta.pro secondary industries

Turnaround / Restructuring Private Equity Funds (FSANAKAC), Transition / Engagement & Stewardship Funds (FSANAJAO)

Keywords

• Fixed income management
• High yield bonds
• Mutual fund management
• ETF management
• Credit strategies

Headquarters

HQ city

Pleasantville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Advisory and Management Fees: CrossingBridge Advisors generates revenue through investment advisory and management fees charged on assets under management across its fund family, which includes mutual funds and ETFs. The firm manages in excess of $4.2 billion in assets as of May 31, 2026.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

CrossingBridge Advisors is an SEC-registered investment adviser that manages a family of fixed income mutual funds and an ETF for U.S. resident investors. Its strategies span ultra-short duration, low duration high yield, responsible credit, Nordic high income bonds, strategic income, and pre-merger SPAC investments, deploying high yield and investment grade corporate debt along with event-driven, post-reorganization, and stressed/distressed credit opportunities. The firm manages in excess of $4.2 billion in assets under management as of May 31, 2026.

Product overview

CrossingBridge Advisors offers a family of fixed income investment products consisting of six funds: four mutual funds (Ultra-Short Duration Fund, Low Duration High Income Fund, Responsible Credit Fund, and Strategic Income Fund) and one ETF (Ultra-Short Duration ETF focused on pre-merger SPACs), plus the Nordic High Income Bond Fund. The funds employ various strategies including ultra-short duration, low duration high yield, responsible credit, and special purpose acquisition company (SPAC) investments, primarily using high yield and investment grade corporate debt along with credit opportunities in event-driven securities, post re-org investments, and stressed/distressed debt. As of May 31, 2026, the firm managed in excess of $4.2 billion in assets under management.

Differentiator

Problem solved

Functional benefit

Brands

• CrossingBridge Ultra-Short Duration Fund: Investment fund focused on ultra-short duration fixed income securities.
• CrossingBridge Low Duration High Income Fund
• CrossingBridge Responsible Credit Fund
• CrossingBridge Nordic High Income Bond Fund
• Riverpark Strategic Income Fund
• CrossingBridge Pre-Merger SPAC ETF

Products and services

• CrossingBridge Ultra-Short Duration Fund A mutual fund seeking high current income and capital appreciation through ultra-short duration fixed income investments, offered to U.S. resident investors.
• CrossingBridge Low Duration High Income Fund A mutual fund focused on low duration high yield corporate debt and credit opportunities, offered to U.S. resident investors.
• CrossingBridge Responsible Credit Fund A mutual fund employing responsible credit strategies using high yield and investment grade corporate debt, offered to U.S. resident investors.
• RiverPark Strategic Income Fund A mutual fund managed by CrossingBridge focused on strategic income generation through various fixed income strategies, offered to U.S. resident investors.
• CrossingBridge Nordic High Income Bond Fund A mutual fund investing in Nordic high income bonds and related credit securities, offered to U.S. resident investors.
• CrossingBridge Ultra-Short Duration ETF (Pre-Merger SPAC ETF) An exchange-traded fund (ticker SPC) investing in pre-merger SPAC equity securities and warrants, seeking total returns consistent with capital preservation. Expense ratio 0.87%, inception date September 21, 2021, traded on NASDAQ, offered to U.S. resident investors.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Quasar Distributors, LLCcoreChannel Partner/ Reseller/ DistributorQuasar Distributors, LLC serves as the distributor for the CrossingBridge mutual funds including the Low Duration High Income Fund, Ultra-Short Duration Fund, Responsible Credit Fund, Nordic High Income Bond Fund, and RiverPark Strategic Income Fund.
• Foreside Fund Services, LLCcoreChannel Partner/ Reseller/ DistributorForeside Fund Services, LLC serves as the distributor for the CrossingBridge Ultra-Short Duration ETF (Pre-Merger SPAC ETF) which trades on NASDAQ under ticker SPC.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Market position

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/crossingbridge-advisors-llc

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

Investments2 records

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

Frequently asked questions about CrossingBridge Advisors