Overview
Beach Point Capital Management LP (“Beach Point”) commenced operations on January 1, 2009. Beach
Point was founded by, and remains under the control of, its Co-Chief Executive Officers (“CEOs”) / Co-
Chairmen, Carl Goldsmith and Scott Klein, through a management buyback of the alternative investment
business of Post Advisory Group, LLC (“Post”). Beach Point manages assets within the following
strategies: Multi-Asset Credit, High Yield & Senior Loans, Structured Credit, Opportunistic Credit &
Distressed, Tactical Investments, Real Estate Credit and Direct Lending which are described more fully in
Item 8 below.
Beach Point offers investment advisory services to privately-offered limited partnerships, limited liability
companies and other investment vehicles (including collateralized loan obligation vehicles (“CLOs”) and
private REITs) (the “Funds”) and clients with separately managed accounts (the “Managed Accounts”).
Beach Point (or a Beach Point affiliate) serves as the general partner, managing member and/or investment
manager of the Funds and as the investment manager of the Managed Accounts. Additionally, Beach Point
(or a Beach Point affiliate) acts as collateral manager to securitized asset Funds that are structured as
CLOs (each a “Beach Point-Managed CLO”). Beach Point also serves as the investment adviser to Funds
with one, or only a limited number of, investors and which are not offered to new investors (“Single Client
Funds”). Typically, Single Client Funds are structured as a limited partnership or limited liability company
managed by Beach Point as the general partner, managing member and/or investment manager.
At times, Funds and Managed Accounts are referred to in this brochure collectively as “Clients” or
"accounts." Beach Point generally has discretionary authority to manage the Funds and Managed
Accounts, including the authority to determine which investments are bought and sold and the amounts of
such investments
that are appropriate for each Client. Any limitation on Beach Point’s authority is described
in a Client’s governing documents (e.g., investment management agreement, private placement
memorandum, articles of association, or partnership agreement).
In connection with Managed Accounts, Clients establish such accounts with Beach Point by depositing
funds or securities into accounts maintained by qualified independent custodians and granting Beach Point
discretionary investment authority to invest such funds pursuant to each Client's investment objectives and
guidelines, as set forth in each Client's investment management agreement and other account
documentation, including any written instructions provided by the Client to Beach Point. Funds are managed
in accordance with investment objectives and guidelines set forth in the governing documents for each
Fund.
As of December 31, 2023, Beach Point manages $15.8 billion in assets on a discretionary basis and $0 in
assets on a non-discretionary basis. The amount of assets under management reported in this brochure
differs from the amount of regulatory assets under management reported in Part 1 of our Form ADV. Part
1 of Form ADV requires an adviser to report assets under management without deducting any outstanding
indebtedness or other accrued but unpaid liabilities. Beach Point believes that reporting firm assets under
management in our brochure without taking into account any outstanding indebtedness or liabilities may
appear to overstate our assets under management. Therefore, in this brochure, Beach Point has decided
to take into account certain indebtedness and unpaid liabilities in calculating and reporting our firm assets
under management. The result is that the amount of assets under management reported in this brochure
is lower than the amount of regulatory assets under management reported in Part 1 of our Form ADV.
FORM ADV PART 2A 2024 5