Overview
Firm Overview
Sandalwood Securities, Inc. (“Sandalwood”) is an investment adviser registered with the
U.S. Securities and Exchange Commission (the “SEC”). Sandalwood was formed in May 1990 as
a New Jersey corporation. Martin J. Gross is the President and controlling shareholder of
Sandalwood.
Types of Services Offered
Sandalwood’s primary investment advisory activity is the provision of investment
management services to various affiliated limited partnerships or limited liability companies (the
“Partnerships”) as well as an offshore investment vehicle that serves in part as a feeder fund to
each of the Partnerships (the “Offshore Fund” and together with the Partnerships, the “Funds”).
The Funds operate as unregistered funds of funds. Pursuant to a management agreement (“MA”)
with each individual fund, Sandalwood performs certain services, including: (i) providing advice
in connection with the selection, monitoring, termination and replacement of portfolio managers
and funds; (ii) communicating
with limited partners and prospective limited partners of the Fund,
and preparing reports to limited partners; and (iii) performing such other duties as may be delegated
from time to time by the Fund’s general partner. Sandalwood does not currently advise individual
investors or managed accounts and does not expect to do so in the future.
Sandalwood predominantly focuses upon multi-strategy credit, including distressed and
long/short credit, event driven investing, and real estate credit related opportunities. As a result,
Sandalwood has developed specialized insight into multi-strategy credit and event driven
investing. Sandalwood’s experience managing funds of funds has yielded relationships with prime
brokers, capital introduction groups, peer groups and seasoned hedge fund managers as well as
experience in, and a repeatable process for, selecting managers.
As of December 31, 2023, Sandalwood had $744,249,913 in discretionary assets under
management and no non-discretionary assets under management.