Overview
SRC is an investment adviser registered with the SEC with its principal place of business in Red Bank,
New Jersey. SRC commenced operations on June 1, 2017. The general partner of SRC is Shrewsbury
River Capital GP LLC (“GP”). Jamie S. Kelner is the managing member of the GP and the principal owner
of SRC. Jamie oversees all management and investment activities, including portfolio management,
research, and trading. Before launching SRC, Jamie was a portfolio manager at Alden Global Capital,
responsible for their CMBS investments; he also launched and managed a stand-alone CMBS fund.
Before joining Alden, Jamie worked at Further Lane Securities, where he developed a CMBS trading
platform and developed portfolio management strategies for clients. Prior to that, he worked at Prudential
Mortgage Capital Company where he was responsible for the pricing, structuring, hedging, and
disposition of conduit loans in CMBS, while also managing its proprietary trading desk. Before that, he
spent three years at CIGNA where he held a similar role. Jamie started his career at Ryan Labs, Inc., a
quantitative fixed-income firm, as an assistant portfolio manager. He received his B.S. from Cornell
University in 1996 and MBA from Yale University in 2001.
SRC provides discretionary investment advisory services to private investment funds intended for
sophisticated high-net-worth individuals and
institutional investors. SRC is the investment adviser to
Shrewsbury River Capital CMBS Event-Driven Fund LP (the “Onshore Feeder Fund”), Shrewsbury River
Capital CMBS Event-Driven Fund Ltd. (the “Offshore Feeder Fund”, and collectively with the Onshore
Feeder Fund, the “Feeder Funds”), and Shrewsbury River Capital CMBS Event-Driven Master Fund LP
(the “Master Fund” and collectively, with the Feeder Funds, the “Master-Feeder Funds”). Shrewsbury is
also the investment adviser to Shrewsbury River Capital MALT Fund LP (the “MALT Fund,” and collectively
with the Master-Feeder Funds, the “Funds”). SRC employs a catalyst-driven strategy, investing primarily in
Commercial Mortgage-Backed Securities (“CMBS”), Commercial Real Estate Collateralized Debt
Obligations (“CRE CDOs”), CMBS-based derivatives, loans, and other instruments related to the
commercial real estate capital markets.
SRC provides advice to the Funds based on specific investment objectives and strategies. SRC does not
tailor advisory services to the individual needs of the investors in the Funds. There are generally no
restrictions on the types of securities or financial instruments in which SRC can invest.
On December 31, 2023, Shrewsbury had approximately $958,086,047 in regulatory assets under
management, all of which are managed on a discretionary basis.