# Soviero Asset Management Soviero Asset Management is an Asset Manager based in New York, United States. ## Overview - **Organization type:** Asset Manager - **Headquarters:** New York, United States - **Region:** North America - **Address:** New York, NY, United States - **Assets under management:** Undisclosed - **Website:** sovieroassetmanagement.com - **LinkedIn:** https://www.linkedin.com/company/soviero-asset-management ## Regulatory record - **CRD number:** 298418 - **SEC file number:** 801-121898 - **Registration status:** Registered - **Reports private funds:** Yes - **IAPD record:** https://adviserinfo.sec.gov/firm/summary/298418 ## About Soviéro Asset Management, LP is an SEC-registered investment adviser in New York, NY, registered since 2021. The firm manages approximately $268 million in assets. It has 6 employees and 5 investment advisers. ## Sectors - Hedge Funds - Distressed Debt - Special Situations - Energy - Industrials ## People - Andrew Soviero — Founder and Chief Investment Officer ## Questions ### What is Andrew Soviero's professional background before founding the firm? Andrew Soviero was a distressed debt trader at Lehman Brothers, where he worked on one of the most active and respected distressed desks on Wall Street. That experience shaped the firm's investment philosophy and its focus on stressed, distressed, and event-driven situations. His background provided direct exposure to complex restructurings and the analytical frameworks required to underwrite them. The firm's launch after Lehman's collapse carried that institutional DNA into an independent platform. ### What types of investments does Soviero Asset Management pursue? Soviero targets stressed and distressed corporate credit, post-reorganization equities, hard assets, and special situations, with a particular focus on energy, industrials, and cyclical sectors. The firm's strategy involves deep fundamental research, forensic accounting, and active involvement in restructurings. This includes taking board seats post-bankruptcy and negotiating directly with creditor committees. The approach is concentrated and research-intensive rather than diversified across hundreds of positions. ### How does Soviero's strategy differ from a typical long/short equity hedge fund? Soviero operates more like a private equity firm transacting in public and distressed markets than a traditional long/short manager. The firm often takes active roles in restructurings, including board representation, creditor committee participation, and direct negotiations. Its research process involves on-the-ground asset inspections and original legal analysis that most hedge funds outsource. The concentrated portfolio and illiquidity tolerance further distinguish it from liquid long/short strategies. ### Does Soviero Asset Management focus on specific sectors or geographies? The firm concentrates on energy, industrials, and cyclical sectors, with geographic focus primarily on North America. Within energy, historical exposure has centered on US onshore basins and Gulf Coast industrial assets. These sectors tend to produce the capital-structure complexity, forced selling, and asset-heavy balance sheets that the firm's analytical approach is built to underwrite. The firm's sector concentration reflects a deliberate strategy of deep expertise rather than generalist coverage. ### How is the firm positioned relative to other distressed debt managers? Soviero is one of a shrinking number of dedicated distressed-focused managers in a market where most distressed capital now sits within large multi-strategy platforms. The firm maintains the legal, accounting, and operational infrastructure specifically for hands-on restructuring work. This pure-play commitment means Soviero does not compete with its own macro, equity, or quant allocations for attention or capital. That structural focus is increasingly rare and shapes the firm's entire operational setup. ### Does the firm participate in fund commitments or only direct deals? Soviero's strategy is built around direct investment in distressed instruments, post-reorganization equities, and hard assets rather than fund-of-fund commitments. The firm's research process, active restructuring involvement, and concentrated portfolio suggest a direct-sourcing and direct-underwriting model. No public records indicate significant allocations to third-party funds as part of the strategy. The firm's mandate architecture supports principal-level decision-making on individual situations. ## Related profiles - [Main & Wall Capital Management](https://altss.com/profile/main-and-wall-capital-management-corp) - [TAG Wealth Advisors](https://altss.com/profile/tag-wealth-advisors) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/soviero-asset-management-lp Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology