# Whippoorwill Associates

Whippoorwill Associates is an Asset Manager based in White Plains, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** White Plains, United States
- **Region:** North America
- **Address:** White Plains, NY, United States
- **Founded:** 1991
- **Assets under management:** Undisclosed
- **Website:** whippoorwill.com
- **LinkedIn:** https://www.linkedin.com/company/whippoorwill-associates

## Regulatory record

- **CRD number:** 107497
- **SEC file number:** 801-43158
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/107497

## About

Whippoorwill Associates is an SEC-registered investment adviser in White Plains, NY, since 1993. The firm manages approximately $31 million in assets. It has 1 employee and 1 investment adviser.

## Sectors

- Private Credit
- Special Situations

## People

- Shelley F. Greenhaus — President & Chief Investment Officer

## Questions

### Who runs investment decisions at Whippoorwill Associates?

Shelley F. Greenhaus is the firm's President and Chief Investment Officer. Greenhaus founded Whippoorwill in 1991 and has overseen all investment decisions and portfolio construction since inception. The firm has not publicly detailed a broader investment committee or deputy CIO structure, making Greenhaus the key-person risk allocators evaluate.

### How does Whippoorwill source distressed-debt deals?

Whippoorwill sources opportunities primarily through the formal bankruptcy process, relationships with restructuring advisors, and secondary-market trading of distressed claims. The firm does not originate loans directly; it acquires existing debt at discounts to par and then works through restructuring negotiations. Its three-decade track record gives it standing with legal and financial restructuring professionals.

### What happens to Whippoorwill if Shelley Greenhaus retires?

Succession presents a material consideration for allocators. Shelley Greenhaus founded the firm and has been the sole public face of its investment strategy for over 30 years. Whippoorwill has not publicly announced a next-generation leadership team, internal ownership transition, or a named successor. This concentration of investment and operational authority in one individual is a standard key-person-risk topic in due diligence.

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- [STEAG](https://altss.com/profile/steag)
- [WhiteRock Partners](https://altss.com/profile/whiterock-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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