Overview
The Adviser is an investment adviser with its principal place of business in Chapel Hill, North
Carolina. The Adviser is a Delaware Limited Liability Company organized under the laws of the State
of Delaware in April 2002. The Adviser commenced operations as an investment adviser on June 1,
2002 and has been registered with the SEC since October 2006. Elliot Bossen is the founder and
principal of Silverback Asset Management, LLC.
The Adviser manages investment advisory accounts for clients on a discretionary basis. The Adviser
currently serves as investment manager to a number of private funds (together, the “Funds”), and as
adviser or sub-adviser to separately managed accounts (the “Accounts”, and together with the Funds,
the “Clients”). The Adviser may also accept other clients, including additional private funds, at any
time.
Currently, the Adviser is the Investment Manager to Silverback Opportunistic Credit Master Fund
Limited and Silverback Convertible Master Fund Limited (formerly Silverback Opportunity Master
Fund Limited), along with their respective feeders, the Silverback Opportunistic Fund Limited,
Silverback Opportunistic Fund LLC, Silverback Convertible Fund Limited (formerly Silverback
Opportunity Fund Limited), and Silverback Convertible Fund LLC (formerly Silverback Opportunity
Fund, LLC). The Silverback Opportunistic Credit Master Fund primarily employs a strategy that
focuses on convertible, credit and equity markets to capture returns from investments in credit,
equity, volatility, event-driven, special situation and structural opportunities. The Convertible
Master Fund Limited employs a convertible arbitrage strategy. The feeder funds each invest
substantially all of their assets in the respective master fund. The Adviser also acts as adviser or sub-
adviser to the Accounts, which employ a related opportunistic credit, convertible arbitrage and/or
special situations strategy.
The Adviser provides advice to client accounts based on specific investment objectives and strategies.
Under certain circumstances, the Adviser may agree to tailor advisory services for the needs of
separately managed account clients. Such separately managed account clients may impose
restrictions on investing in certain securities or certain types of securities.
As of March 1, 2024, Silverback had approximately $721.9 million1 client assets under management,
all of which were managed on a discretionary basis.
1 Note that this asset value is client net assets under management, and not regulatory assets under management as
defined in the instructions for Item 5.F of ADV Part 1A.