Q It was such a large pool of early stage managers. How did you decide that this team was the one you wanted to back and not say other comparable early stage funds?
A I'd say it was a few things that attracted us to diameter beyond just pedigree, which we thought was phenomenal. First, we think that Scott and John brought really complimentary skill sets to what they were trying to start. So Scott comes from more of a trading background, has more experience in performing credit, while Jonathan has more of a research focus and a lot of expertise in distressed debt and restructuring. So we thought that combination, and Jonathan talks about it a little bit too in the interview of research and trading, we thought that combination Could be a situation of one plus one equals three. And we also liked that with the two of them and the team that they assembled, they'd have the capability to invest long and short across the full credit spectrum. So from new issues and investment grade bonds straight through to high yield and distressed Situation. And I'd say we also really liked their preference to maintain a nimble portfolio. They talked a lot about searching for the best liquidity adjusted way to express their fundamental view and be able to dynamically allocate and change their portfolio, adjusting to opportunity sets and different market environments. So really the thesis was That all of those factors together could lead to a more consistent return profile versus, you know, many other credit funds that tend to be just much more tied to their credit…
AI assessment note: “it was a few things that attracted us to diameter beyond just pedigree”