Belstar Management Company, LLC is a Delaware limited liability company formed in March 2009 with its
principal office in New York, New York. The sole owner of Belstar is Daniel Yun.
Belstar provides investment advisory services to private pooled investment vehicles and to a single
separately managed account.
The private pooled investment vehicles include:
• Belstar Credit Opportunities Fund (SPC), Ltd. Class A TALF Eligible, a Cayman Islands segregated
portfolio company; and
• Belstar Credit Opportunities Fund, LLC Series A, a Delaware limited liability company.
Unless otherwise specified, these private pooled investment vehicles are each referred to as a “Fund” or
and, collectively, the “Funds”. Belstar Holdings LLC serves as the general partner of Belstar Credit
Opportunities Fund, LLC Series A and Daniel Yoon and Joon Ho Lee serve as directors of Belstar Credit
Opportunities Fund (SPC), Ltd. Class A TALF Eligible (each, respectively, the “General Partner”).
Belstar Credit Opportunities Fund (SPC), Ltd. Class A TALF Eligible invests a substantial portion of its
portfolio in Alta Fundamental Advisers SP LLC – Belstar-Alta Series 1 (“Belstar-Alta
Series 1”). Belstar
Credit Opportunities Fund, LLC Class A invests a substantial portion of its portfolio in Alta Fundamental
Advisers SP LLC – Belstar-Alta Series 2 (“Belstar-Alta Series 2”).
The Funds are managed in accordance with their own investment objectives as set forth in the relevant
governing and offering documents of the Funds (each, a “Fund Document” and, collectively, the “Fund
Documents”). Investment objectives are not tailored to any particular Fund investor (each, an
"Investor" and, collectively, the “Investors”).
Belstar also provides investment advisory services to a single separately managed account client, referred
to here in as an “SMA Client” and together with the Funds, the “Clients”. The investment objectives,
fee arrangements and terms of the separately managed account were negotiated by Belstar and the SMA
Client.
Belstar does not participate in wrap fee programs, does not have any managed accounts; and does not
have any client accounts other than the Clients described above.
As of December 31, 2023, Belstar had approximately $649,430,000 in regulatory assets under
management on a discretionary basis on behalf of its Clients.