CBAM Partners, an Eldridge Industries business, is an alternative investment management firm and SEC-registered investment adviser founded in 2016 by Don Young, Mike Damaso, and Jay Garrett.
With over $11.5 billion of AUM, CBAM specializes in opportunities across the credit spectrum for institutional clients through separately managed accounts, CLOs and private funds.
Don has 26 years of experience managing CLOs and hedge funds. Most recently, he managed the Performing Credit business for Och-Ziff which included $7.5B of CLOs. Prior to joining Och-Ziff, Mr. Young was a Senior Portfolio Manager at Octagon Credit Investors. Earlier, he was a Senior Portfolio Manager at Primus Asset Management, Inc. Prior to that, he was a Principal at Octagon Credit Investors as well as Senior Vice President at Bank of the West.
Mike has 20 years of corporate credit management experience. Prior to CBAM, Mr. Damaso spent 13 years at Guggenheim Investments where he was a Senior Managing Director, Portfolio Manager and Chairman of the Investment Committee overseeing Guggenheim’s corporate credit platform. Prior to Guggenheim, Mr. Damaso worked at JH Whitney & Co and Banc One Capital Markets in a credit research capacity. Mr. Damaso is also Vice Chairman of A24, a film and television production and distribution company conceived in early 2012 and also built in partnership with Eldridge.
Jay was formerly a Vice President at MatlinPatterson Asset Management within the Firm’s Senior Credit platform where he assisted in the buildout of leveraged credit investing, including the management of CLOs. Prior to joining MatlinPatterson, Mr. Garrett worked at Ahab Capital Management where he was an investor in the public and private debt and equity markets. Prior to Ahab, Jay was an Associate at Bear Stearns within its CLO management group.
CBAM makes big hire as it moves into Europe
Trap doors. Black holes. Restricted payment baskets. These things sound scary, and they are – to buyers of corporate debt.
CBAM priced a milestone CLO yesterday with CBAM CLO 2019-10 representing the firms tenth CLO since June 2017
CBAM’s ninth CLO since 2017 brings total new issuance to $9.0 billion
CBAM’s fourth CLO close of 2018
CBAM’s third CLO of 2018 brings total new issuance to $2.8 billion for the year
CBAM’s sixth CLO brings total new issuance since June 2017 to $7.1 billion
CBAM closes 5th straight billion plus CLO
Just over a year ago, New York-based CBAM Partners commenced operations amid much fanfare.
Firm’s fourth CLO this year brings 2017 total new issuance to $5.1 billion