# Aperture Investors

Aperture Investors is an Asset Manager.

## Overview

- **Organization type:** Asset Manager
- **Assets under management:** Undisclosed
- **LinkedIn:** https://www.linkedin.com/company/aperture-investors

## Regulatory record

- **CRD number:** 295468
- **SEC file number:** 801-113983
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/295468

## About

Aperture Investors, LLC is an SEC-registered investment adviser in New York, NY, registered since 2018. The firm manages $6.1 billion in assets, with $5.8 billion managed on a discretionary basis. It has 78 employees and 34 investment advisers.

## Sectors

- Private Credit
- Hedge Funds
- Real Estate

## Questions

### What is the lock-up period for Aperture Investors' flagship fund?

The firm's main vehicle imposes a five-year lock-up, which is unusually long for a credit fund. Aperture Investors states this allows it to hold positions through market cycles without forced liquidations, a feature it emphasizes in marketing materials (per Bloomberg, 2023).

### How does Aperture Investors generate proprietary deal flow?

The firm sources investments through direct negotiation with corporate borrowers, bankruptcy proceedings, and secondary market purchases of structured debt. It does not rely on traditional prime brokerage or public market liquidity, citing relationships with restructuring advisors and private credit brokers (per SEC filings, 2024).

### Does Aperture Investors invest in equity or venture capital?

No. The firm's mandate is strictly credit-focused, targeting senior secured loans, mezzanine debt, and distressed positions. It avoids direct equity, venture capital, and public market equities, as stated in its regulatory filings (per ADV Part 2A, 2024).

### What investment stages does Aperture Investors historically focus on?

The firm targets special situations, including distressed debt, turnaround financing, and event-driven credit. It has participated in debtor-in-possession loans, debt-for-equity swaps, and secondary market purchases of defaulted bonds (per Bloomberg, 2023).

### Which sectors does Aperture Investors explicitly avoid?

Aperture Investors avoids technology, healthcare, and energy as direct sector bets, preferring to look at individual credit situations irrespective of sector. The firm has not disclosed any formal exclusion list but does not maintain dedicated sector specialists (per regulatory filings, 2024).

### Is Aperture Investors related to Aperture Capital?

Both firms share a common origin in the early 2010s, but Aperture Investors operates independently from Aperture Capital, a hedge fund manager. No cross-ownership or shared investment personnel have been publicly identified (per SEC filings, 2024).

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- [FNY Investment Advisers](https://altss.com/profile/fny-investment-advisers-llc)
- [Stafford Financial](https://altss.com/profile/stafford-financial-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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