Shenkman Capital Management, Inc.
SEC-registered
Investment Adviser · Large ($10B–$100B)
CRD 112192
· SEC file 801-25180
· New York, NY
· www.linkedin.com
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ADV data as of Jul 15, 2026
- Regulatory AUM
- $35.1B
- Discretionary
- $35.1B
- Clients
- 173
- Avg AUM / client
- $203M
- Accounts
- 173
- Employees
- 146
AUM over time
$19.1B
$35.1B
Mar 2012
Jun 2026
Annual snapshots from Form ADV filings · as of Jul 15, 2026
Asset allocation (SMA assets by investment type)
as of Jul 15, 2026
Non-investment-grade bonds
$21.8B
62%
Pooled investment vehicles
$5.3B
15%
Other
$3.9B
11%
Investment-grade corporate bonds
$2.5B
7%
Cash & equivalents
$1.1B
3%
Derivatives
$702M
2%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 0 | $0 | — |
| High net worth individuals | 4 | $74.8M | 0.21% |
| Banking or thrift institutions | 0 | $0 | — |
| Investment companies | 3 | $2.1B | 5.95% |
| Pooled investment vehicles (non-investment companies) | 47 | $9.0B | 25.6% |
| Pension and profit sharing plans | 25 | $3.2B | 9.02% |
| Charitable organizations | 17 | $1.1B | 3.24% |
| State or municipal government entities | 20 | $8.2B | 23.2% |
| Other investment advisers | 0 | $0 | — |
| Insurance companies | 46 | $6.5B | 18.7% |
| Sovereign wealth funds and foreign official institutions | 1 | $16.3M | 0.05% |
| Corporations and other businesses | 10 | $4.9B | 14.1% |
Private funds (13)
Reported in Form ADV Section 7.B.(1), filing of Sep 2024 · $5.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Four Points Multi Strategy Master Fund, Inc. master | Hedge Fund | Cayman Islands | $1.4B | 25 |
| Primus High Yield Bond Fund, L.P. master | Other Private Fund | Delaware | $1.1B | 40 |
| Shenkman Multi Asset Credit Master Fund master | Other Private Fund | Ireland | $930M | 24 |
| Shenkman Opportunistic Credit Master Fund Lp master | Hedge Fund | Cayman Islands | $496M | 81 |
| Shenkman Tactical Credit Master Fund Lp master | Hedge Fund | Cayman Islands | $444M | 105 |
| Jefferson Mill Clo Ltd. | Securitized Asset Fund | Cayman Islands | $372M | 3 |
| Shenkman Cbo Opportunity Master Fund I Lp master | Other Private Fund | Cayman Islands | $232M | 42 |
| Credos Floating Rate Fund, L.P. master | Other Private Fund | Delaware | $35.2M | 6 |
| P Scm Energy Hy Ltd. | Hedge Fund | British Virgin Islands | $9.7M | 3 |
| Adams Mill Clo Ltd. | Securitized Asset Fund | Cayman Islands | $281K | 4 |
| Sudbury Mill Clo Ltd. | Securitized Asset Fund | Cayman Islands | $248K | 4 |
| Jackson Mill Clo Ltd. | Securitized Asset Fund | Cayman Islands | $232K | 4 |
| Shenkman Multi Asset Credit Values Screening Master Fund master | Other Private Fund | Ireland | $0 | 0 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Building Service 32 Bj Pension Fund Board Of Trustees Of The Building Service 32 Bj Pension Fund | 2024 | |
| Morgan Stanley 401(k) Plan Morgan Stanley Domestic Holdings, Llc | 2024 | |
| Directors Guild Of America Producer Pension Plan Supplemental Benefit Plan Board Of Trustees, Directors Guild Of America | 2024 | |
| Directors Guild Of America Producer Pension Plan Basic Benefit Plan Board Of Trustees, Directors Guild Of America | 2024 | |
| Minnesota Laborers Pension Fund Board Of Trustees Of Minnesota Laborers Pension Fund | 2024 | |
| Shelter Insurance Employees Retirement Plan Shelter Mutual Insurance Company | 2024 | |
| The Tjx Companies, Inc Retirement Plan The Tjx Companies, Inc. | 2024 | |
| The Pnc Financial Services Group, Inc. Pension Plan The Pnc Financial Services Group, Inc. | Pittsburgh, PA | 2024 |
| Cbi Pension Plan Linde Inc. | 2024 |
People (9)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Shenkman, Mark, Ronald | President; Director; Trustee | Jul 1985 (41y) | 50% – 75% | |
| Rosenzweig, Victor, Moe | Director | Jan 1990 (37y) | Less than 5% | |
| Slatky, Justin, Warren | Executive Vice President; Trustee | Dec 2012 (14y) | 10% – 25% | |
| Kurzer, Adam, Scott | Vice Chairman | Sep 2013 (13y) | Less than 5% | |
| Todorovich, Serge, Nmn | General Counsel; Chief Compliance Officer | Feb 2017 (10y) | Less than 5% | |
| Scanlon, Neil, Anthony | Chief Financial Officer | Jul 2020 (6y) | Less than 5% | |
| Mangiero, Daniel, James | Chief Operating Officer | Mar 2022 (4y) | Less than 5% | |
| Thomas, Gloria, Penn | Director | Dec 2022 (4y) | Less than 5% | |
| Williams, Jason, David | Director | Dec 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Mark R. Shenkman Revocable Trust | Shareholder | Sep 2003 | A | 50% – 75% |
| Shenkman Family 2012 Trust | Shareholder | Jun 2015 | A | 10% – 25% |
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (13, $5.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Four Points Multi Strategy Master Fund, Inc. | Hedge Fund | $1.4B | $1.0M | 25 |
| Primus High Yield Bond Fund, L.P. | Other Private Fund | $1.1B | $1.0M | 40 |
| Shenkman Multi Asset Credit Master Fund | Other Private Fund | $930M | $1.0M | 24 |
| Shenkman Opportunistic Credit Master Fund Lp | Hedge Fund | $496M | $1.0M | 81 |
| Shenkman Tactical Credit Master Fund Lp | Hedge Fund | $444M | $5.0M | 105 |
| Jefferson Mill Clo Ltd. | Securitized Asset Fund | $372M | $100K | 3 |
| Shenkman Cbo Opportunity Master Fund I Lp | Other Private Fund | $232M | $5.0M | 42 |
| Credos Floating Rate Fund, L.P. | Other Private Fund | $35.2M | $1.0M | 6 |
| P Scm Energy Hy Ltd. | Hedge Fund | $9.7M | $100K | 3 |
| Adams Mill Clo Ltd. | Securitized Asset Fund | $281K | $100K | 4 |
| Sudbury Mill Clo Ltd. | Securitized Asset Fund | $248K | $100K | 4 |
| Jackson Mill Clo Ltd. | Securitized Asset Fund | $232K | $100K | 4 |
| Shenkman Multi Asset Credit Values Screening Master Fund | Other Private Fund | $0 | $1.0M | 0 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (9)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Building Service 32 Bj Pension Fund | Board Of Trustees Of The Building Service 32 Bj Pension Fund | 53,782 | $4.6B | 07/01/2024 |
| Morgan Stanley 401(k) Plan | Morgan Stanley Domestic Holdings, Llc | 54,084 | $22.2B | 01/01/2024 |
| Directors Guild Of America Producer Pension Plan Supplemental Benefit Plan | Board Of Trustees, Directors Guild Of America | 22,976 | $2.3B | 01/01/2024 |
| Directors Guild Of America Producer Pension Plan Basic Benefit Plan | Board Of Trustees, Directors Guild Of America | 7,905 | $2.5B | 01/01/2024 |
| Minnesota Laborers Pension Fund | Board Of Trustees Of Minnesota Laborers Pension Fund | 10,758 | $3.2B | 01/01/2024 |
| Shelter Insurance Employees Retirement Plan | Shelter Mutual Insurance Company | 1,459 | $596M | 01/01/2024 |
| The Tjx Companies, Inc Retirement Plan | The Tjx Companies, Inc. | 8,660 | $1.6B | 01/01/2024 |
| The Pnc Financial Services Group, Inc. Pension Plan | The Pnc Financial Services Group, Inc. | 51,855 | $5.5B | 01/01/2024 |
| Cbi Pension Plan | Linde Inc. | 0 | $108M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/15/2026 | 4.83 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Publication of periodicals or newsletters
- • Market timing services
Custody
Reported custodians
- Bank Of Ny Mellon $12.3B (35% of AUM) Jul 2026
- J.P. Morgan $3.2B (10% of AUM) Sep 2024
- State Street $2.2B (6% of AUM) Jul 2026
- Northern Trust $2.0B (7% of AUM) Sep 2023
- Brown Brothers Harriman & Co. $1.7B (7% of AUM) Oct 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 15, 2026.
View current Form ADV (SEC/IAPD) ↗