Radcliffe Capital Management
About Us
Radcliffe, founded in 1996, is a SEC registered employee-owned investment adviser managing ~$3.8 billion across niche defensive credit and other opportunistic strategies. Clients include large institutions and ultra-high-net-worth families globally.
Our Mission
We seek consistent alpha for our clients through all market cycles while focusing relentlessly on principal protection favoring capacity constraints over asset gathering.
Our Approach
We only invest in segments where we believe there are persistent market inefficiencies that we have edge in capitalizing upon, and where we want to invest significantly ourselves.
Our Edge
Radcliffe’s deep experience, long-term relationships and disciplined research process have been honed over 30 years to create added-value solutions and positive outcomes for our clients.
Strategies
Radcliffe has always pursued differentiated strategies, employing deep due diligence to seek the elusive combination of attractive returns and capital preservation.
Ultra Short Duration
Launched in 2009, Radcliffe’s Ultra Short Duration strategy seeks to capitalize on persistent structural market inefficiencies that create supply and demand imbalances in many corporate bonds as they approach maturity.
Short Duration
Launched in July 2017, the Radcliffe Short Duration Strategy is a less conservative extension of our Ultra Short Duration Strategy, using no leverage.
BDC
Launched in 2014, Radcliffe’s BDC strategy invests in the bonds of Business Development Companies which often offer BB/B yields with AA/A risk in our opinion, often with more downside protection than AAA CLOs
SPAC
Originally launched in 2020, Radcliffe’s SPAC strategy offers a unique arbitrage approach that seeks the combination of principal protection, attractive yields, and significant upside optionality.
Investment Philosophy
At Radcliffe, our investment philosophy is guided by a commitment to generating alpha-driven returns while aiming to minimize volatility and preserve capital. We seek to leverage our expertise to identify and exploit subsets of the market with persistent structural inefficiencies.
History
Since its 1996 inception, Radcliffe has been a responsible steward of capital. We are disciplined in selecting and maintaining strategies where we have identified market inefficiencies, have the expertise to capitalize on those inefficiencies, and want to invest heavily ourselves.
Leadership
Radcliffe’s team of highly experienced professionals utilizes internally developed credit models, risk management systems, and extensive operational controls in managing our clients’ capital. The team is led by its two Principals who started working together in 1998.
There is no guarantee the stated results will occur. All data as of 01/31/2025 unless otherwise stated. All investments are subject to risks including the possible loss of principal. This description contains opinions and expectations regarding the marketplace and the strategy, as well as descriptions of current and potential investment processes. There is no guarantee that our expectations will be met. Radcliffe may change its investment process without notice at any time.