Knox Park Capital

John S. Bohan, the firm's founder and Managing Partner, makes investment decisions. Bohan previously traded distressed debt at Bear Stearns and was a senior member of the distressed-credit team at Fortress Investment Group under Michael Novogratz. He has overseen Knox Park's credit committee since the firm's 2011 launch.

Knox Park sources pools of non-performing and sub-performing mortgage loans directly from banks, regional financial institutions, hedge funds unwinding legacy positions, and GSEs. Bohan's long tenure in sell-side distressed trading gives him a direct pipeline to sellers who know him from the Bear Stearns and Fortress relationships.

Historically, Knox Park has operated deal-by-deal, raising capital in co-investment structures from family offices and HNWIs. An April 2023 SEC filing suggests the firm may now operate a pooled fund vehicle, but the core approach remains direct, asset-level credit acquisition rather than investing into third-party funds.

Knox Park does not target traditional investment stages. The firm acquires seasoned, non-performing loans that are already in default or on the cusp of it. The 'stage' is post-origination distress — the firm functions as a workout shop that buys at a discount and manages assets to resolution.

Most private credit funds originate new loans or trade performing paper. Knox Park acquires defaulted, non-performing, or sub-performing mortgage debt and internalizes the workout process. The firm manages borrower negotiations, foreclosures, and property dispositions in-house, operating more like a vertically integrated distressed-asset operator than a capital allocator.

Knox Park does not typically serve as a passive co-investor alongside other GPs. The firm is the lead operator on its acquisitions, sourcing deals directly and structuring workout strategies internally. External capital participates primarily through deal-level placements, not as co-investor LPs alongside another manager.

The firm is deliberately lean. Public record shows Bohan as the central figure, drawing on a compact team with experience in mortgage servicing, legal asset management, and distressed-credit trading. Knox Park emphasizes operational competence over headcount, with servicing and asset management functions kept inside the firm rather than outsourced.