Fairlight Capital

Jonathan L. Auerbach, the founder and Chief Investment Officer, leads all investment decisions. He built the firm in 2013 after serving as a managing director at Silver Point Capital, where he specialized in distressed and special-situations credit. No additional portfolio managers are publicly named in SEC filings.

Fairlight sources through a direct network of bankruptcy attorneys, claims traders, financial advisors, and creditor-committee participants rather than through broker-dealer intermediation. This approach reflects Auerbach's Silver Point lineage, where proprietary sourcing from restructuring ecosystems was central. The firm's small capital base allows it to pursue docket-level opportunities overlooked by larger distressed funds.

Fairlight operates as a hedge fund, not a family office. SEC records show it files as an exempt reporting adviser, and its Form ADV indicates pooled investment vehicles with external investors. The firm maintains a concentrated mandate in distressed and special-situations investing.

Fairlight is a direct investor, not a fund-of-funds. It purchases claims, bonds, bank debt, and post-reorganization equities directly in the secondary and primary-issuance markets. Public records do not show a history of investing as a limited partner in other managers' funds.

No formal exclusion list is published. Given Auerbach's track record at Silver Point, the strategy has historically emphasized capital-intensive industries with hard assets or contractual cash flows—energy, media, telecom, and industrials. Sectors with fewer restructuring catalysts, such as early-stage biotechnology or pre-revenue technology, are unlikely to appear given the credit-orientation of the mandate.

Fairlight has not disclosed a co-investment program with external managers. Its legal structure and Form ADV suggest it acts as lead or sole investor in its positions rather than participating in clubs alongside other distressed funds. No co-investment vehicles are referenced in SEC filings.

Fairlight has not publicly stated the origin of its name. In the absence of firm commentary, the name may reference Fairlight, East Sussex in the United Kingdom—a coastal village—or the Fairlight digital audio brand. No connection to either is confirmed.