Millstreet

Credit Fund LP

Fund Investment Objectives

The Millstreet Credit Fund is a long/short credit limited partnership employing a fundamentally driven, value-oriented strategy. The Fund's primary focus is on high yield credit with an emphasis on out-of-favor and/or overlooked U.S. corporate bonds and leveraged loans. The portfolio is also complemented by capital structure arbitrage and portfolio protection strategies. The firm's core investment strengths include high yield debt, leveraged loans, capital structure arbitrage, stressed/distressed securities, leveraged/post-reorganization equities, special situations, credit derivatives and portfolio protection.