Argentem Creek is a registered investment adviser organized as a limited partnership under the laws of
the State of Delaware. Argentem Creek was formed in connection with the spinout of certain private
investment funds from Black River Asset Management LLC (“Black River”) in December 2015. As
Black River wound down, the members of its Emerging Market Credit Opportunity Team joined
Argentem Creek as it launched. Today, Argentem Creek continues to pursue its primary strategy of
sourcing, trading and investing in high yield, structured, stressed and distressed corporate debt in
emerging markets.
Daniel Chapman, Managing Partner, Chief Executive Officer and Co-Chief Investment Officer is the
principal owner of Argentem Creek through Argentem Creek Holdings LLC. Mr. Chapman, together
with other investment professionals, executes Argentem Creek’s investment strategy.
Argentem Creek serves as the investment adviser to a number of private investment vehicles (“Private
Funds”), and in such capacity, provides portfolio management and investment advisory services to the
Private Funds. Through the Private Funds, Argentem Creek primarily invests in high yield debt,
bankruptcy situations, and out of-court restructurings and workouts involving companies located or
doing business in
emerging markets and lesser developed countries. Argentem Creek’s investment
advice is limited to such investments that are permissible in accordance with each Private Fund’s
offering documents and operating documents, including investment management agreements or sub-
advisory agreements (collectively, “Fund Documents”). Additional information regarding the type of
investments made by the Private Funds is provided in Item 8. Argentem Creek currently does not provide
investment advisory services to an institutional managed account client, but it may provide services to
additional managed accounts in the future (“Managed Accounts”). In this Brochure Argentem Creek
refers to Private Funds and Managed Accounts as “Clients”.
As of December 31, 2023, Argentem Creek managed approximately $651,267,762 Regulatory Assets
Under Management (as defined in Form ADV Part 1) on a discretionary basis. In addition, pursuant to
the agreements governing one of the managed Funds, (which is a single-investor closed-end Fund, that
does not solicit investors), Argentem Creek is now required to obtain pre-approval from the limited
partner in that Fund prior to purchase or sales of any investment except as otherwise specified in the
Fund’s governing documents. The total AUM of this non-discretionary Fund is: $51,533,353.