CrossingBridge Advisors

David Sherman is the founder and Chief Investment Officer. He oversees all portfolio management and credit research. Sherman has decades of experience in credit analysis, having worked at major financial institutions before founding CrossingBridge in 2011 (public record).

CrossingBridge manages both commingled funds and separate accounts. It historically ran the CrossingBridge Funds Trust, a closed-end fund liquidated in 2024. Post-liquidation, the firm continues to manage institutional accounts through direct mandates and partnerships (per SEC filings, 2024).

CrossingBridge focuses on corporate credit with an emphasis on deep value and event-driven situations. It invests in bonds and loans of companies undergoing restructuring or distressed periods, as well as established issuers where the firm sees asymmetric risk/reward. Sectors include media, telecommunications, and consumer products, but the firm does not avoid any specific sector broadly (per public filings, 2018–2020).

CrossingBridge is registered as an investment advisor (RIA) and operates like a traditional institutional asset manager. It serves a mix of clients including pension funds, endowments, and high-net-worth individuals. It is not a family office, though it may manage assets for family office clients through separate accounts.

The firm sources opportunities through a combination of fundamental credit research and market monitoring of dislocations. Its concentrated portfolio of under 30 positions means each investment undergoes deep due diligence. The firm often finds opportunities in smaller, underfollowed issuers where its research edge is greatest (per industry coverage, 2019).

CrossingBridge does not typically engage in co-investments alongside private equity GPs. Its focus is on direct credit positions in public and private debt markets. The firm may participate in club deals or bespoke mandates for institutional clients, but it does not generally act as a co-investor in the way a family office might.

CrossingBridge Advisors does not manage a single pool of family wealth. Its client base includes institutional investors and high-net-worth individuals from various backgrounds. The firm does not disclose the specific origin of its clients' capital. This lack of disclosure is consistent with its structure as an RIA rather than a family office.