Peter A McKay
Open
1 Rockefeller Plz
New York, NY 10020
Simplon International Ltd, established in 1989, specializes in allowing offshore entities to invest in distressed debt within the United States. The fund focuses on situations with market capitalizations under $500 million, targeting pricing inefficiencies and acquiring bonds, bank debt, or trade claims at a discount to face value.
With a strategy centered on the most senior claims in a company's capital structure, Simplon International aims to limit downside risk without utilizing margin loans or other forms of leverage. While the fund does not seek control positions in its investments, its principals may participate on creditors' committees or corporate boards when necessary.
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