# Deer Park Road Management Company

Deer Park Road Management Company is an Asset Manager based in Steamboat Springs, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Steamboat Springs, United States
- **Region:** North America
- **Address:** Steamboat Springs, CO, United States
- **Assets under management:** $2.8 billion (per firm website, June 2025)
- **Website:** deerparkrd.com

## Regulatory record

- **CRD number:** 140370
- **SEC file number:** 801-74577
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/140370

## About

Deer Park Road Management Company is an SEC-registered investment adviser in Steamboat Springs, CO, registered since 2012. The firm manages $3.5 billion in regulatory assets. It has 28 staff and 7 investment advisers.

## Sectors

- Structured Credit
- Real Estate
- Private Credit

## Offices

- San Francisco
- Menlo Park
- New York
- Miami

## People

- Michael Steinberg — Managing Director, Business Development

## Questions

### Who runs investment decisions at Deer Park Road Management Company?

Deer Park does not publicly disclose a named CIO or sole investment decision-maker. The firm states its trading team has an average of over 10 years of investment experience and functions as a partnership. Michael Steinberg is listed as Managing Director of Business Development (per firm website).

### How does Deer Park source proprietary deal flow?

The firm focuses on fundamental credit analysis applied across structured credit markets, particularly residential and commercial mortgage-backed securities. It does not detail a proprietary sourcing model distinct from standard credit market analysis.

### Does Deer Park participate in fund commitments or only direct investments?

Deer Park primarily manages commingled funds and separately managed accounts. It does not publicly disclose making principal direct investments outside its fund vehicles.

### What investment stages does Deer Park typically target?

Deer Park invests across the structured credit spectrum, including both liquid securities and mortgage opportunities, with no stated stage preference. Its strategies span daily liquidity mutual funds and longer-dated funds.

## Related profiles

- [First InTM](https://altss.com/profile/first-intm)
- [Veblen Ventures](https://altss.com/profile/veblen-ventures)

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

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