Millstreet Capital Management
Millstreet Capital Management is a Boston-based, employee-owned SEC-registered investment adviser that manages small-to-mid cap High Yield and Leveraged Loan credit strategies exclusively for endowments, foundations, and other institutional investors.
- Company typePrivate
- Founded2010
- HeadquartersBoston, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
Millstreet Capital Management firmographics
Firmographics- Name
- Millstreet Capital Management
- Legal name
- Millstreet Capital Management LLC
- Website
- https://millstreet.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Millstreet Capital Management is a Boston-based, employee-owned SEC-registered investment adviser that manages small-to-mid cap High Yield and Leveraged Loan credit strategies exclusively for endowments, foundations, and other institutional investors.
- Ownership category
- akta.pro rank
Where Millstreet Capital Management is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Millstreet Capital Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Investment Management Fees: Millstreet Capital Management generates revenue by managing capital on behalf of institutional investors (endowments, foundations) through a fundamental value investment strategy focused on the small-to-mid cap segment of the High Yield and Leveraged Loan markets.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Millstreet Capital Management product offering
Product offeringCore offering
Millstreet Capital Management is an SEC-registered investment adviser that manages capital on behalf of endowments, foundations, and other institutional investors using a fundamental value approach in the small-to-mid cap segment of the High Yield and Leveraged Loan markets. The firm invests in new issues, secondary market opportunities, and distressed situations to compound absolute returns uncorrelated to traditional asset classes. Revenue is generated through recurring investment management fees on assets under management.
Product overview
Millstreet Capital Management offers institutional investment management services. The firm is a single-offering investment adviser that manages a focused portfolio strategy within the small-to-mid cap segment of the High Yield and Leveraged Loan markets, targeting absolute returns uncorrelated to traditional asset classes. No discrete branded products or modules are offered.
Differentiator
Problem solved
Functional benefit
Products and services
- Millstreet Small-to-Mid Cap High Yield and Leveraged Loan Investment Management Institutional investment management strategy focused on the small-to-mid cap segment of the High Yield and Leveraged Loan markets for endowments, foundations, and other institutional investors; invests in new issues, secondary market opportunities, and distressed situations using a fundamental value approach.
Quantifiable outcome
- Diebold Nixdorf stock gained 60% over the past year and 105% over the prior year under the firm's investment period
Companies that use Millstreet Capital Management
Customer profileSegments2 records
Ideal customer profiles2 records
Millstreet Capital Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Millstreet Capital Management partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights4 records
Millstreet Capital Management competitors and assessment
Company assessmentBroad incumbents
- Oaktree Capital Management: Largest publicly listed distressed credit manager globally with broad exposure across high yield, leveraged loans, structured credit, and special situations. Operates at much larger scale but competes for many of the same institutional mandates and distressed opportunities Millstreet targets.
- Angelo Gordon (TPG Angelo Gordon): Multi-strategy alternative asset manager (now part of TPG) with significant credit, distressed, and special situations capabilities. Comparable institutional investor orientation and credit-centric approach, though broader mandate and significantly larger AUM.
- Apollo Global Management: Mega-cap alternative asset manager with a substantial credit franchise spanning HY, leveraged loans, structured credit, and direct lending. Significant overlap with Millstreet in the broader absolute-return credit universe, though at vastly greater scale and product breadth.
- Ares Management: Large publicly listed alternative manager with a leading U.S. direct lending, leveraged loan, and high yield credit franchise. Competes with Millstreet in the institutional credit allocation universe, particularly with endowments and foundations, but at materially larger scale.
Direct peers
- Marathon Asset Management: Global credit and asset-based specialist manager with significant U.S. leveraged loan, high yield, and distressed credit exposure. Comparable to Millstreet in its fundamental, value-oriented approach to less-liquid and special-situation credits.
- Anchorage Capital Group: New York-based credit-focused alternative manager investing in distressed, event-driven, and special situations across leveraged loans, high yield, and structured credit — overlapping closely with Millstreet's mandate.
- Brigade Capital Management: New York-based credit manager specializing in high yield bonds, leveraged loans, and distressed/special situations across the capital structure. Directly comparable in mandate (HY/LL/distressed), investor base (institutional/endowments), and absolute-return orientation.
- Silver Point Capital: Greenwich-based credit-focused alternative asset manager investing across leveraged loans, high yield bonds, distressed credit, and special situations — closely aligned with Millstreet's small/mid cap HY/LL and distressed thesis.
- Regiment Capital Advisors: Boston-based specialist credit adviser focused on distressed, special situations, leveraged loans, and CLO investing. Both Millstreet co-founders (Kelleher and Connolly) previously worked at Regiment, making it the most directly comparable peer in strategy, scale, and origination network.
Emerging players
- Sixth Street Partners: Fast-growing global alternative asset manager with a meaningful credit and special situations franchise (formerly TPG Sixth Street Partners). Competes for institutional credit mandates and increasingly in the leveraged finance market overlap with Millstreet.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Millstreet Capital Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Millstreet Capital Management leadership team
Management profileNumber of profiles
Profiles16 records
Millstreet Capital Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Millstreet Capital 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 Millstreet Capital Management
What does Millstreet Capital Management do?
Millstreet Capital Management is an SEC-registered investment adviser that manages capital on behalf of endowments, foundations, and other institutional investors using a fundamental value approach in the small-to-mid cap segment of the High Yield and Leveraged Loan markets. The firm invests in new issues, secondary market opportunities, and distressed situations to compound absolute returns uncorrelated to traditional asset classes. Revenue is generated through recurring investment management fees on assets under management.
Is Millstreet Capital Management a public or private company?
Millstreet Capital Management is a private company. It is classified as management employee owned and is currently operating.
When was Millstreet Capital Management founded?
Millstreet Capital Management was founded in 2010. It employs 101 to 250 people.
Where is Millstreet Capital Management based?
Millstreet Capital Management is headquartered in Boston, United States, in the North America region.
How does Millstreet Capital Management make money?
One revenue line is on record: investment Management Fees.
Who are Millstreet Capital Management's main competitors?
Broad incumbents on record are Oaktree Capital Management, Angelo Gordon (TPG Angelo Gordon), Apollo Global Management and Ares Management. Direct peers are Marathon Asset Management, Anchorage Capital Group, Brigade Capital Management, Silver Point Capital and Regiment Capital Advisors. Sixth Street Partners is listed as an emerging player.
Does Millstreet Capital Management have an API?
No public API is recorded for Millstreet Capital Management.