Asset Manager

Updated:

Sancus Capital Management

Sancus Capital Management is an alternative asset manager with expertise in credit strategies and structured products. Founded in 2009, the firm has...

Sancus Capital Management

Sancus Capital Management is an alternative asset manager with expertise in credit strategies and structured products. Founded in 2009, the firm has contributed to the industry through significant innovations, such as Applicable Margin Reset (AMR).

General information

Firm type

Asset Manager

Year founded

2009

Location

Region

North America

Country

United States

City

Los Angeles

Corporate office

10880 Wilshire Boulevard, 11th Floor, Los Angeles, CA 90024, United States

Principals

Olga Chernova

Chief Investment Officer

Sector focus

Private CreditStructured Products

Frequently asked questions

Who runs investment decisions at Sancus Capital Management?

Olga Chernova serves as Chief Investment Officer and founder. She is the named leader of investment decisions at the firm (per firm website).

How does Sancus source proprietary deal flow?

Sancus sources deal flow through its structuring expertise in CLOs and relationships with investment banks such as Jefferies, which priced its debut CLO Trysail 2021-1 (per Creditflux, June 2021). The firm's innovation of the Applicable Margin Reset mechanism also attracts issuers.

Is Sancus structured as a family office or as an asset manager?

Sancus is structured as an independent alternative asset manager, not a family office. It is registered with the SEC and operates a multi-strategy credit fund.

Does Sancus participate in fund commitments or only direct deals?

Sancus invests primarily through its own managed funds and CLO vehicles. It purchases control equity in CLOs and structures them, indicating a direct investment approach rather than a fund-of-funds model.

What investment stages does Sancus typically target?

Sancus focuses on credit strategies across the capital structure, including corporate bonds, derivative instruments, and structured products such as CLOs. It does not specify a particular stage preference beyond multi-strategy credit.

What is Sancus's relationship with the Applicable Margin Reset innovation?

Sancus pioneered the Applicable Margin Reset (AMR) feature for CLOs. In 2015, the firm sent a no-action letter to the SEC detailing the AMR mechanics, which allow CLO liabilities to be refinanced via online auction, reducing costs and maximizing market access (per firm website).

Which sectors does Sancus explicitly avoid?

Sancus does not publicly disclose any sectors it avoids. The firm focuses on structured credit and does not appear to invest in equities, real assets, or venture capital.

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