# Anchorage Capital Partners IV

Anchorage Capital Partners IV is an Asset Manager based in Sydney, Australia.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Sydney, Australia
- **Region:** Oceania
- **Address:** Sydney, Australia
- **Assets under management:** Undisclosed

## Regulatory record

- **CRD number:** 327574
- **SEC file number:** 802-128971
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/327574

## About

Anchorage Capital Partners IV Pty Limited is an exempt reporting adviser in Sydney. It is based in Sydney.

## Sectors

- Private Credit
- Secondaries & Special Situations

## People

- Phillip Cave — Founding Partner

## Questions

### How does Anchorage Capital Partners source its deals?

Anchorage sources primarily through Australia's formal insolvency process — voluntary administrations and deeds of company arrangement. The firm's restructuring partners and insolvency practitioner relationships give it access to deal flow that is not broadly auctioned to financial sponsors. It also pursues carve-outs from larger corporate parents, as it did with the Politix acquisition from David Jones.

### What is the typical holding period for an Anchorage portfolio company?

Three to five years. Most exits occur through an ASX IPO or a trade sale to a strategic buyer. The firm's fund documents — governed by Australian limited partnership law — mandate a finite life with distribution of proceeds upon exit, rather than recycling capital into new investments from the same vintage.

### What is the relationship between Anchorage Capital Partners and the US-based Anchorage Capital Group?

There is no relationship. Anchorage Capital Partners is an independent Australian turnaround firm. Anchorage Capital Group is a separate US credit and special-situations manager founded by Kevin Ulrich. The shared name is a coincidence of geography and asset-class adjacency, not a structural affiliation.

## Related profiles

- [Forteus Investment Management](https://altss.com/profile/forteus-investment-management-uk-llp)
- [Stifel Research Advisory](https://altss.com/profile/stifel-research-advisory-llc)

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Last updated: 2026-08-14T12:30:00.000Z

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