Riverwest Investment Management

The firm concentrates on structured credit and securitized products, including agency and non-agency RMBS, CMBS, CLOs, and ABS. It invests across the credit-quality spectrum, from investment-grade to high-yield, and has historically evaluated opportunistic European structured credit. The firm's long-only and alternative credit strategies are built on bottom-up credit research.

Riverwest serves institutional investors, including public pension funds, corporate treasuries, and Taft-Hartley plans. These clients typically seek benchmark-relative fixed-income solutions with a focus on income generation and capital preservation. The firm structures separate accounts and commingled vehicles to accommodate institutional mandates.

During periods of market stress—including the 2008 financial crisis and the 2020 COVID spread widening—Riverwest has added exposure to securitized credit when forced sellers depress prices. Its deep expertise in documentation-intensive structured products allows it to assess structural protections and source assets that larger, index-constrained managers may bypass.

A small, senior portfolio management team makes investment decisions through a credit committee structure. The firm emphasizes direct principal involvement, which it argues reduces the agency risks common at multi-strategy platforms where credit is one of many asset classes. This governance model is designed to promote nimble, cycle-aware capital deployment.

The firm has historically managed both commingled funds and institutional separate accounts. Separate accounts allow clients to tailor duration targets, credit-quality floors, and sector exposures. Commingled vehicles provide pooled access to structured-credit strategies for investors that do not require custom mandates.