# King Street Capital Management

King Street Capital Management is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1995
- **Assets under management:** $20B - $25B (Altss estimate)
- **Website:** kingstreet.com
- **LinkedIn:** https://www.linkedin.com/company/kingstreet-capital-management

## Regulatory record

- **CRD number:** 156785
- **SEC file number:** 801-73828
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/156785

## About

King Street Capital Management is an SEC-registered investment adviser in New York, NY, registered since 2012. The firm manages approximately $34.6 billion in assets. It has 247 employees and 99 investment advisers.

## Sectors

- Private Credit
- Hedge Funds
- Secondaries & Special Situations
- Real Estate

## Offices

- London, United Kingdom
- Tokyo, Japan
- Singapore
- Dubai, United Arab Emirates

## People

- Brian Higgins — Co-Founder, Managing Partner & Co-Portfolio Manager
- O. Francis Biondi — Co-Founder, Managing Partner & Co-Portfolio Manager

## Questions

### Who controls investment decisions at King Street?

Co-founders Brian Higgins and O. Francis Biondi serve as Managing Partners and Co-Portfolio Managers, sharing final authority over the firm's global portfolio. A centralized investment committee supports them, but King Street's partnership structure concentrates ultimate decision-making with its two longest-tenured principals. The firm has not announced any succession plan or expanded its senior partnership to include named successors.

### Does King Street run commingled hedge funds, private credit funds, or both?

King Street manages both hedge fund-style vehicles and closed-end drawdown funds. Its liquid strategies operate through segregated accounts and commingled offshore funds, while its private credit and real estate strategies sit within closed-end, limited-life vehicles. The firm recently closed its fourth institutional real estate fund, which raised over $1.5 billion.

### What is King Street's reputation in distressed-debt investing?

King Street is widely considered a veteran operator in distressed and special situations, active in multiple major restructurings over three decades. The firm served on creditor committees in several large Chapter 11 cases, including WeWork's 2023 bankruptcy, where it provided a significant debtor-in-possession facility. Its ability to underwrite large, complex distressed credits is a core institutional calling card.

### How does King Street source deals in Asia and Europe?

King Street maintains fully staffed offices in London (est. 1998), Tokyo (est. 2001), Singapore, and Dubai, giving it physical sourcing presence across three continents. The firm's nearly 30-year history in London and Tokyo has embedded local relationships with banks, law firms, and corporate issuers, which it uses to identify off-the-run credit opportunities and restructurings before they reach broad auction processes.

### Does King Street invest in real estate equity, debt, or both?

King Street invests in real estate through both debt and equity, acquiring direct property, distressed mortgage pools, and real estate-backed loans. The firm's most prominent deal was its partnership on One Wall Street, a historic Manhattan office-to-condominium conversion. Its fourth dedicated property fund closed in 2024, targeting opportunistic global property investments.

### What investor base does King Street serve?

King Street manages capital exclusively for institutional limited partners, including public pension funds, sovereign wealth funds, endowments, foundations, and corporate pension plans. The firm does not accept retail or high-net-worth individual capital, a stance it has maintained since founding.

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

Canonical page: https://altss.com/profile/king-street-capital-management

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