Clients
Anchorage Capital Advisors serves 116 clients, 114 of them pooled investment vehicles. The average client has about $240 million with the firm.
- Pooled investment vehicles114 clients97%
- State or municipal government entities2 clients3%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 114 | $27,025,656,551 | 97.1% | $237.1M |
| State or municipal government entities | 2 | $800,851,466 | 2.9% | $400.4M |
| Total | 116 | $27,826,508,017 | 100% | $239.9M |
- Clients
- 114
- Regulatory AUM
- $27,025,656,551
- Share
- 97.1%
- Avg. per client
- $237.1M
- Clients
- 2
- Regulatory AUM
- $800,851,466
- Share
- 2.9%
- Avg. per client
- $400.4M
Total
- Clients
- 116
- Regulatory AUM
- $27,826,508,017
- Share
- 100%
- Avg. per client
- $239.9M
What it does
Anchorage Capital Advisors provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Anchorage Capital Advisors advises 84 private funds.
100.0% of assets ($27.83B across 116 accounts) are managed with discretion. 72% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Funds24%
- Bonds27%
- High-yield corporate bonds26%
- Investment grade corporate bonds1%
- Cash8%
- Other41%
- Bank loans and uncalled capital commitments41%
Custodians
Anchorage Capital Advisors’ client accounts are held mainly at The Bank of New York Mellon Trust, with 2% of managed assets, and Goldman Sachs &, with 1%. Anchorage Capital Advisors has custody of client assets.
- Goldman Sachs &Goldman Sachs & Co. LLC · New York, NY · $252.3M1%
- The Bank of New York Mellon TrustThe Bank of New York Mellon Trust Corporation · New York, NY · $559.4M2%
- All other custodians$27.01B97%
Ownership and leadership
Anchorage Advisors Holdings Management, L.P. owns 50% to 75% of Anchorage Capital Advisors.
- Owns 50% to 75% of Anchorage Capital Advisors, L.P.
Anchorage Advisors Holdings Management, L.P.
Control person · since January 2022
- Owns 25% to 50% of Anchorage Advisors Holdings Management, L.P.
Yale Baron
Control person · since June 2022
- Owns 25% to 50% of Anchorage Advisors Holdings Management, L.P.
Thibault Gournay
Control person · since June 2022
- Owns 25% to 50% of Anchorage Capital Advisors, L.P.
Anchorage Capital Group, L.L.C.
Control person · since January 2022
- Owns 75% or more of Anchorage Capital Group, L.L.C.
Anchorage Advisors Management, L.L.C.
Control person · since July 2003
- Owns 75% or more of Anchorage Advisors Management, L.L.C.
Kevin Ulrich
Control person · since July 2003
Leadership
- Andrew AkermanChief Financial Officer
- Robert DunleavyChief Operating Officer
- Joel KoernerChief Compliance Officer
- Yale BaronCo-Chief Investment Officer
- Thibault GournayCo-Chief Investment Officer
- Bradley LeiberCo-General Counsel
Staff
- 88 employees
- 42 in advisory functions
Reported holdings
Anchorage Capital Advisors’ reported 13F holdings total $165.3M across 5 positions, and the ten largest make up 100.0% of it.
- $165.3M
- Reported 13F value
- 5
- Positions
- 100.0%
- In the 10 largest
- −56.2%
- Value vs. prior quarter
- Xplr Infrastructure LP · Com Unit Part IN55.4%
- Equipmentshare Com Inc. · Com CL A37.0%
- Liberty Media Corp. Del · Deb 3.750% 2/13.2%
- Xplr Infrastructure LP · Com Unit Part INCall2.8%
- Liberty Media Corp. Del · Deb 4.000%11/11.6%
Together, the ten largest are 100.0% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $165.3M is not its $27.83B in regulatory assets and does not represent any individual client's portfolio.
Fees
Anchorage Capital Advisors is paid through a percentage of assets under management and performance-based fees.
Brochure fee details have not yet been processed for this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Anchorage Capital Advisors has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 610 Broadway, 6th Floor, New YorkHQ
Registration details
- Legal name
- Anchorage Capital Advisors, L.P.
- Headquarters
- 610 Broadway, 6th Floor, New York, NY 10012
- Phone
- 212-432-4600
- Website
- www.anchoragecapital.com
- SEC file
- 801-129231
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Anchorage Capital Advisors have?
Anchorage Capital Advisors has 116 clients and manages $27.8 billion for them, as of August 2026. They include 114 pooled investment vehicles and 2 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 August 2026
What services does Anchorage Capital Advisors offer?
Anchorage Capital Advisors provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Anchorage Capital Advisors use?
Anchorage Capital Advisors’ separately managed account assets are held at The Bank of New York Mellon Trust Corporation (New York, NY), with $559,424,155 and Goldman Sachs & Co. LLC (New York, NY), with $252,338,906. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 August 2026
How many financial advisors does Anchorage Capital Advisors have?
Anchorage Capital Advisors has 0 investment adviser representatives registered with state securities authorities, out of 88 employees, and 42 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Anchorage Capital Advisors invest in?
At the end of its last fiscal year, Anchorage Capital Advisors’ separately managed accounts held 41% bank loans and uncalled capital commitments, 26% high-yield corporate bonds, 24% pooled vehicles (private funds and similar), 8% cash and equivalents and 1% investment grade corporate bonds. It advises 84 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Anchorage Capital Advisors?
Anchorage Capital Advisors is owned through a chain of holding companies by Yale Baron, Thibault Gournay and Kevin Ulrich. Its direct owners are Anchorage Advisors Holdings Management, L.P. (50% to 75%) and Anchorage Capital Group, L.L.C. (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 August 2026
How does Anchorage Capital Advisors get paid?
Anchorage Capital Advisors is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file