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CrossingBridge Advisors
CrossingBridge Advisors was established in 2011 by David Sherman, a veteran credit analyst who previously managed portfolios at firms including Citigroup...
CrossingBridge Advisors
CrossingBridge Advisors was established in 2011 by David Sherman, a veteran credit analyst who previously managed portfolios at firms including Citigroup and Credit Suisse. The firm is headquartered in New York and operates as a registered investment advisor focused on credit and fixed income. Wealth origins of its client base are not publicly disclosed; the firm manages capital for a mix of institutional investors and high-net-worth families. The firm's strategy centers on private credit and event-driven investing, concentrating on corporate bonds, bank loans, and distressed debt. CrossingBridge takes a long-only, high-conviction approach with a portfolio typically holding 15 to 30 positions. Known allocations include positions in stakes of companies like Revlon and iHeartMedia during their restructuring phases (per public filings, 2018–2020). The firm avoids the broad high-yield index and instead targets opportunities in smaller, overlooked issuers. Geographic focus is primarily North America, with selective exposure to Europe. CrossingBridge is structured as a lean investment team. The firm does not publicly disclose its number of professionals or total assets under management. It operates solely out of its New York office with no known additional locations. While organized as an RIA, CrossingBridge also managed a closed-end fund, the CrossingBridge Funds Trust, which was liquidated in 2024 (per SEC filings, March 2024). No other adjacent vehicles such as a foundation or operating company are publicly linked to the firm. The firm's structural differentiator is its concentrated, deep-value credit process. Unlike many credit shops that track a broad index, CrossingBridge runs a concentrated portfolio where each position represents a significant conviction. This approach, combined with event-driven sourcing, echoes the mindset of a private equity value investor applied to public and private credit. Succession and governance details are not public; Sherman remains the key decision-maker and portfolio manager.
General information
Firm type
Private Credit Manager | Fixed Income Specialist
Year founded
2011
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
David Sherman
Founder & Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at 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).
Does CrossingBridge Advisors participate in fund commitments or only direct deals?
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).
What investment stages or sectors does CrossingBridge typically target?
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).
Is CrossingBridge Advisors structured as a single family office or does it operate more like an institutional asset manager?
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.
How does CrossingBridge source proprietary deal flow?
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).
What is CrossingBridge's known posture on co-investments alongside external GPs?
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.
Where does the underlying wealth come from at CrossingBridge Advisors?
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.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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