ZAIS Group was established as a Delaware limited liability company in June 1997 and is
registered as an investment adviser with the United States Securities and Exchange
Commission under the Investment Advisers Act of 1940, as amended. ZAIS is also registered
as a Commodity Pool Operator and Commodity Trading Advisor with the Commodities Futures
Trading Commission and is a member of the National Futures Association. ZAIS Group (UK)
Limited, ZAIS’s London subsidiary, operates as an appointed representative of Infinity Asset
Management LLP, which is authorized and regulated by the Financial Conduct Authority. ZAIS
is owned 100% by ZAIS Group Holdings, Inc. (“ZGH”).
ZAIS’s investment management services focus on specialized credit investments. Using
ZAIS’s credit expertise, analytics platform, market share and experienced credit analysts, ZAIS
provides a range of alternative and traditional investment management services to pooled
investment vehicles and separately managed accounts. The terms of private accounts are
negotiated when each account is established, and the documents are executed. Every private
account has a signed agreement identifying the type of instruments the account will invest in,
any restrictions on the types of investments and the services ZAIS provides. The offering
documents for each pooled investment vehicle identify the type of instruments in which the
vehicle may invest, any investment restrictions or limitations and the advisory services that
ZAIS will provide. The primary asset classes ZAIS manages are described below: Item 8 of
this Brochure describes ZAIS’s strategies for trading the described assets.
ZAIS provides investment advice on structured products including:
• Investment Grade Credit, including mainly collateralized loan obligations (“CLO”)
tranches
• High Yield Credit, including mainly CLO tranches
• Senior Secured Bank Debt
• Securitized Credit, including collateralized debt obligations (“CDOs”) and other asset
backed securities
• Derivatives
• Synthetic Securities
• Residential Mortgage Backed Securities (RMBS)
• Asset Backed Securities
• Commercial Mortgage Backed Securities (CMBS)
These investments are subject to credit, liquidity, interest rate, market, operations, fraud and
structural risks. In addition, concentrations in particular investments and in investments issued
or guaranteed by affiliated obligors, serviced by the same servicer, managed by the same
collateral manager or backed by underlying collateral located in a specific geographic region
may subject investors to additional risk.
ZAIS serves as collateral manager for CLO special purpose vehicles and CDO special purpose
vehicles (collectively, the “Vehicles”). In that capacity, ZAIS provides ongoing collateral and
asset management services to the Vehicles.
ZAIS also invests in Commercial Real Estate, and engages in credit trading strategies, using
Options and Interest Rate, Credit Default and Total Return Swaps.
In 2019, ZAIS began to lay the groundwork for offering its products and services with an
overlay of environmental, social and governance (“ESG”) screening and remains committed to
developing ESG and thematic products. As a signatory to the United Nations-supported
Principles of Responsible Investing, we also continue to work toward implementing
consideration of ESG factors into our overall investment analysis.
As of December 31, 2023, ZAIS had $6,040,388,802 in regulatory assets under management
of which $6,014,514,573 is on a discretionary basis and $25,874,229 is non-discretionary.