Overview
Blue Torch Capital LP (the “Filing Adviser”) is organized as a Delaware Limited Partnership located in
New York, New York and Blue Torch Operations LLC (the “Relying Adviser” and collectively with
the Filing Adviser, “Blue Torch” or the “Firm”) is organized as a Delaware Limited Liability Company
located in New York, New York. The Filing Adviser and the Relying Adviser are under common
control, principally owned by Kevin Genda, conduct a single advisory business and are registered with
the SEC as part of a single umbrella registration. The Firm provides discretionary investment
management to privately placed pooled investment vehicles (“Private Funds”), separately managed
accounts (“SMAs”) and special purpose investment vehicles (“SPVs”, collectively with the Private
Funds and SMAs, the “Clients”) based on their respective investment objectives. The Firm’s primary
investment focus is the debt assets of middle market companies, in particular “companies in transition”.
Blue Torch defines “companies in transition” as companies that may require a solutions-oriented lender
with experience underwriting complex situations, be undergoing operational, financial, legal or
regulatory transformations or hurdles, or require financing solutions within an accelerated time period.
As of December 31, 2023, Blue Torch manages $6,714,272,241 in regulatory assets under management
on a discretionary basis. The Firm does not manage any assets on a non-discretionary basis.
The Firm provides its advisory services as described in the investment program of the relevant Client’s
investment management agreement, or in the case of Private Funds, the fund’s offering memorandum
or as set forth in such Client’s organizational documents, the subscription documents related to an
investment in such Client, and/or the investment management agreement with such Client. As a general
matter, the Firm does not tailor its investment
advice to any particular underlying investor of a Private
Fund or SPV.
In addition to providing investment advisory services to its Clients, Blue Torch or an affiliate serves as
collateral manager servicer, agent or in other capacities to CLOs, and other structured vehicles. Blue
Torch Finance may serve as Administrative Agent and/or Collateral Agent in certain investments in
which the Private Funds and SMAs participate.
In addition, the Firm both has the right to and does enter into agreements, such as side letters, with
certain investors in the Private Funds that may in each case provide for terms of investment that are
more favorable than the terms provided to other investors in the Private Funds. Such terms may include
the waiver or reduction of management and/or incentive fees/allocations, the provision of additional
information or reports, rights related to specific regulatory requests or requirements of certain clients,
more favorable transfer rights, more favorable liquidity or other rights. Certain Clients (and/or
underlying investors) also negotiate for investment exposure (or investment limitations) with respect to
specific industries, sectors, geographic regions or investments. These rights, benefits and privileges are
not always made available to all investors in a Private Fund nor in some cases are they required to be
disclosed to all investors in a Private Fund. Any such extension or disclosure is governed by a Client’s
organizational document and/or investment management agreement
Persons reviewing this Form ADV Part 2A should not construe this as an offering of any of the Private
Funds described herein, which will only be made pursuant to the delivery of a private placement
memorandum, subscription agreement and/or similar documentation to prospective investors.
Blue Torch does not participate in any wrap fee programs or advise client assets on a non-discretionary
basis.