MILLSTREET CAPITAL MANAGEMENT LLC

other names
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Adviser Profile
As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 12 9.09%
of those in investment advisory functions 4
Registration SEC, Approved, 09/19/2012
AUM* 2,966,827,993 67.25%
of that, discretionary 2,966,827,993 67.25%
Private Fund GAV* 2,477,391,624 72.66%
Avg Account Size 988,942,664 67.25%
SMA’s Yes
Private Funds 1
Contact Info 617 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
2B 2B 1B 1B 760M 507M 253M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$2,477,391,624

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Brochure Summary

Overview

Millstreet Capital Management LLC (“Millstreet”, “Investment Manager”, “we”, or “our”) is a Delaware limited liability company formed on March 16, 2010. The principal owners of Millstreet are Craig M. Kelleher and Brian D. Connolly. Jeffrey T. Growney and David T. Danforth are also shareholders of Millstreet. Craig Kelleher and Brian Connolly together control 100% of the voting rights. Millstreet provides investment management and administrative services on a discretionary basis to private pooled investment vehicles and separately managed accounts (“SMAs”) of institutional qualified purchasers. At this time, we serve as the investment manager to Millstreet Credit Fund LP, which is a Delaware limited partnership (the “Fund”), and Millstreet Credit Offshore Fund Ltd., which is an offshore feeder fund incorporated as a Cayman Islands exempted company (the “Offshore Fund”). The Offshore Fund invests substantially all of its assets in the Fund (as a limited partner in the Fund), and the Fund is the master fund in the mini-master structure. The Fund and Offshore Fund are referred to collectively herein as the “Funds” or the “Partnership.” Millstreet also serves as sub-investment manager
to one separately managed account. Millstreet employs a long/short, fundamental, and value-driven investment strategy with an emphasis on catalysts. The investment objectives and strategies applicable to the Funds are set forth in their respective confidential private placement offering memorandum. Millstreet can tailor its advisory services to the individual needs of clients in SMAs. Under certain circumstances, investors in the SMAs may impose restrictions on investing in certain securities, types of securities, amounts of securities, or types of investments. Any investing restrictions or limitations for an SMA are established and agreed upon in the investment advisory agreement between Millstreet and the investor. Our SMA clients generally follow the same strategy as the Fund’s core credit portfolio or invest in a subset of the Fund’s core credit portfolio, but certain restrictions and other factors may result in differences in investments compared to the Fund (see discussion in “Brokerage Practices” below). As of December 31, 2023, Millstreet had approximately US $2.96 billion in regulatory assets under management. Presently, all of our client assets are discretionary.