Angelo Gordon has been matching money with opportunity since 1988.
We are a leading alternative investment firm, managing approximately $73 billion* across a broad range of credit and real estate strategies. For nearly 35 years, we have been investing on behalf of pension funds, corporations, endowments, foundations, sovereign wealth funds and individuals.
Over our entire history, Angelo Gordon’s investment approach has consistently relied on disciplined portfolio construction backed by rigorous research and a strong focus on capital preservation.
We are entrepreneurial and opportunistic. We have grown by pursuing strategies that complement and build on our core capabilities. We now have over 650 employees in offices across the U.S., Europe and Asia. Combining deep industry sector and market expertise with a collaborative, knowledge-sharing culture, we creatively seek out investment opportunities that allow us to exploit inefficiencies in global credit and real estate markets.
*Angelo Gordon’s (the “firm”) currently stated AUM of approximately $73 billion as of December 31, 2022 reflects fund-level asset-related leverage. Prior to May 15, 2023, the firm calculated its AUM as net assets under management excluding leverage, which resulted in firm AUM of approximately $53 billion as of December 31, 2022. The difference reflects a change in the firm’s AUM calculation methodology and not any material change to the firm’s investment advisory business. For a description of the factors the firm considers when calculating AUM, please see the disclosure linked here.
Angelo Gordon was founded on a vision to build a firm with an unwavering commitment to serving its clients and holding itself to the highest professional and ethical standards.
Our culture is collaborative, entrepreneurial, and defined by integrity, inclusion, and intelligence.
We are committed to greater diversity in all forms in our workforce. We value diverse ideas, backgrounds, and perspectives and we encourage debate and seek out input across the organization.
We know that we as a firm and our clients are better served by the sharing of different opinions and perspectives, derived from varied backgrounds, cultures and experiences.
We are proud of our firm culture and continue to invest in ensuring it is an inclusive one where every employee, and their contribution, is valued and respected. Our firm is better when our people are able to be and do their best.
Angelo Gordon founded by John Angelo & Michael Gordon in New York
Launched Distressed Debt, Convertible & Merger Arbitrage strategies
The firm was founded with three strategies in which the team had 15 years of prior experience. There was little competition in these areas, and spreads were attractive.
Opportunistic Real Estate strategy (U.S.) launched
In the early 1990’s, the real estate capital markets were seriously dislocated. Our purchases of distressed debt of bankrupt real estate companies led us to begin investing in opportunistic real estate.
Multi-Strategy platform launched
We created a platform encompassing a number of Angelo Gordon strategies, which allowed us to tactically shift asset allocation to reflect the firm’s view on opportunities at the given time.
Private Equity strategy launched
Our private equity strategy leveraged the firm’s platform and extensive network to focus on middle market growth investments.
Leveraged Loans strategy launched
Leveraged Loans was as an extension of our distressed debt business, giving us access to a full range of products in the senior secured debt market.
London office opened
Los Angeles office opened
Core Plus Real Estate strategy launched
Core Plus Real Estate built on our real estate business to capture high yields on high-quality real estate which could benefit from our operating partner network and entrepreneurial investment style.
Diversified Credit strategy launched
Diversified Credit arose from the firm’s leveraged loan and convertible arbitrage disciplines, and allowed the firm to expand its expertise in the broader credit markets.
Hong Kong office opened
Asia Real Estate strategy launched
As we looked for international real estate opportunities, Asia real estate showed the greatest potential for high risk-adjusted returns, leading us to apply our U.S. opportunistic real estate investing model in Asia.
Net Lease Real Estate launched
Drawing on the firm’s credit expertise and real estate underwriting skills, we created and structured Net Lease Real Estate to focus on below-investment grade tenants.
Commercial Real Estate Debt and Loan Origination strategy launched
Commercial Real Estate Debt takes advantage of our credit-focused culture and in-house private and public real estate expertise to capitalize on mispricings in the commercial real estate debt market.
Amsterdam office opened
Seoul office opened
Residential and Consumer Debt strategy launched
We formed the Residential and Consumer Debt strategy to capitalize on the dislocation in the mortgage and consumer fixed income sectors and take advantage of our expertise in credit, trading and research-driven investing.
Public-Private Investment Partnership
In 2009, the U.S. Department of Treasury, the Board of Governors of the Federal Reserve and the Federal Deposit Insurance Corporation launched the Public-Private Investment Partnership (PPIP) to unlock frozen credit markets and expand lending activity in the U.S. Angelo Gordon, in partnership with General Electric Capital Corporation, was a participant in this program.
Europe Real Estate Strategy Launched
Having reviewed the Europe real estate markets for a decade, it wasn’t until after the global financial crisis – which resulted in depressed property prices and significantly curtailed liquidity – that Angelo Gordon began finding compelling investment opportunities in this sector.
Tokyo office opened
Initial Public Offering of AG Mortgage Investment Trust, Inc.
Expanding upon the firm’s Residential and Consumer Debt strategy, AG Mortgage Investment Trust, Inc. (NYSE: MITT) was formed as a publicly traded real estate investment trust that invests in, acquires and manages a diversified portfolio of residential mortgage assets, other real estate-related securities, financial assets and real estate.
Energy strategy launched
The Energy strategy was another extension of our credit capabilities and launched to focus on capital-intensive energy companies consistently underserved by more traditional capital markets.*
*Angelo Gordon exited the Energy strategy as of 12/31/2022.
San Francisco office opened
Middle Market Direct Lending strategy launched
The Middle Market Direct Lending strategy shares Angelo Gordon’s historical approach of senior secured lending with a focus on limited volatility and strong downside protection.
Chicago office opened
Frankfurt office opened
Milan office opened
Josh Baumgarten and Adam Schwartz join Michael Gordon as co-CIO’s.
Singapore office opened
On December 31, 2020, Angelo Gordon co-Founder, Michael Gordon, stepped down as firm CEO and co-CIO, and assumed the position of non-Executive Chair, AG Partnership Advisory Board.
Adam Schwartz, Head of Real Estate, and Josh Baumgarten, Head of Credit, were named co-CEOs of Angelo Gordon. They continue as co-CIOs.