SCS Asset Management

SCS targets hedge fund seeding (backing emerging managers for fee participation), private credit including structured and distressed opportunities, direct real estate, and secondary interests. The firm does not limit itself to a single asset class and has historically favored situations requiring complex underwriting.

Both. SCS allocates to external hedge funds as a seed investor and limited partner, while also originating direct transactions in real estate and structured credit. The firm also buys secondary interests in private funds, functioning as a liquidity provider in those markets.

Primary focus is the United States and Western Europe. The firm has also evaluated distressed opportunities in Latin America, though the extent of active deployment in that region is not publicly quantified.

Stephen Sherrill's background in distressed investing at firms including Merrill Lynch and Smith Barney in the 1980s shaped the firm's willingness to pursue dislocated, illiquid, and complex opportunities. That DNA persists in the firm's credit and special-situations allocation, distinguishing it from allocators that emerged from long-only wealth management.