Shenkman Capital Management

Michael J. Preston serves as Chief Investment Officer, leading the investment team. Mark Shenkman, the founder, stepped into a senior advisor role in 2023. Justin Slatky is President and COO, overseeing operations and client relations.

No. While high-yield bonds formed the core of the firm's early work, Shenkman also manages leveraged loans, private credit, distressed debt, and collateralized loan obligations. Its private credit platform has grown significantly in the last decade.

No. Shenkman is an institutional asset manager founded by Mark Shenkman. It manages capital for pension funds, endowments, insurance companies, and other institutions, not a single family's wealth. The Shenkman family maintains a separate philanthropic foundation.

The firm focuses on liquid credit markets (high-yield bonds and leveraged loans) and private credit — essentially providing financing to companies across the capital structure. It avoids equity-focused venture or growth-stage investing.

For public credit, it relies on primary issuance in the high-yield bond and leveraged loan markets. For private credit, it sources directly through sponsor relationships and direct lending to mid-to-large-cap companies, often competing with bank syndicates or other credit funds.

The firm itself is not a family office. The wealth of the Shenkman family originated from the success of the firm — Mark Shenkman built the asset management business over four decades. The firm's capital under management comes from institutional clients, not personal wealth.

The firm avoids equity and convertible arbitrage strategies, as well as public equities generally. It does not invest in early-stage venture or startup debt. Its credit focus excludes consumer finance and subprime lending in areas it lacks expertise.