Cedar Spring Advisors

Cedar Spring Advisors

Jeffrey Moslow founded Cedar Spring Advisors in 2011 after nearly two decades structuring and originating transactions at Goldman Sachs, where he was a managing director in the Special Situations Group, and Irving Place Capital. The firm emerged from his track record of arranging complex, collateral-backed loans that traditional banks had retreated from following the financial crisis. Cedar Spring positions itself as a sourcing and asset management platform for institutional investors seeking direct exposure to private credit outside the broadly syndicated loan market. Cedar Spring focuses exclusively on asset-based lending and specialty finance — loans secured by pools of hard assets, contractual cash flows, or real property. The firm's mandate spans commercial real estate bridge lending, infrastructure and project finance, equipment leasing pools, and structured credit opportunities. Rather than operating a commingled fund, Cedar Spring typically structures transactions as separately managed accounts or deal-by-deal investment vehicles for institutional limited partners, including pension funds and insurance companies. The investment approach emphasizes current-cash-pay yields, loan-to-value discipline, and downside protection through collateral packages that the firm evaluates with in-house underwriting capacity. Geographic focus is primarily North America, principally the United States, with select opportunistic exposure in Western Europe. Cedar Spring maintains a deliberate boutique scale, with a senior team drawn from the structured finance and special situations desks of major investment banks. The firm's model relies on origination relationships developed over Moslow's career — regional banks, specialty finance companies, and corporate sellers of asset portfolios that provide a proprietary pipeline rather than a competitive auction process. The firm has placed emphasis on the middle-market segment of commercial real estate lending, a pocket that larger credit funds often bypass for size reasons, and on niche equipment finance verticals where specialist underwriting creates a barrier to entry for generalist managers. Cedar Spring's structural difference is its operation as a captive origination and servicing platform for institutional allocators rather than as a scaled fund sponsor. The firm does not raise blind-pool commingled vehicles with standard 10-year lives. Instead, it acts as an extension of its institutional clients' internal credit teams — identifying, underwriting, and monitoring pools of secured loans that match specific mandate parameters set by each allocator. This architecture aligns the firm's economics with long-term asset performance through servicing fees and co-investment, not rapid AUM aggregation.