Credit Capital Investments, LLC (hereinafter referred to as “CCI” or the “us,” “we,” or “our”), is a fee-based investment
management firm that that seeks to achieve capital appreciation for institutional and retail/HNW investors. We specialize
in directional1 opportunities, long and short asset allocation strategies primarily in credit instruments, their derivatives and
related securities in the capital structure of the issuers on a global basis; our funds hold both U.S. and foreign-traded
securities.
CCI was formed in 2006. The experience, education, and background of its principals and management persons can
be found on the Firm’s website:
www.creditci.com.
CCI’s principal owner and Chief Investment Officer is Varkki Chacko.
We provide Investment Management Services to private funds (the “Funds”) and also provide Investment Advisory Services
through separately managed accounts (the “Accounts”) for individuals and businesses. We also provide Sub- Advisory
Services to, or have a dual contract relationship with, investment advisers, and typically do not have regular contact with
clients of such investment advisers.
There is only one category of assets to which we provide service: Assets under Management (AUM). AUM are invested
assets for which we provide investment management and/or advisory services to which we have direct access to the
account and exercise discretionary trading authority.
Private funds are neither registered under the Securities Act of 1933, nor registered under the Investment Company
Act of 1940. Accordingly, interests in these funds are offered exclusively to investors satisfying the applicable eligibility and
suitability requirements either in private placement transactions within the United States or in offshore transactions.
Specifically, these funds are only offered to qualified and accredited investors. No offer to sell these funds is made by
the descriptions in this Brochure, and as noted these funds are available only to investors that are properly qualified.
Private fund investments are managed in accordance with the investment objective set forth in each private fund’s
confidential offering memorandum and such investments are not tailored to the individual needs of any particular
private fund investor. The accounts are managed in accordance with a client’s (General Partner/Fund) chosen strategy
and clients have a limited ability to tailor such strategies or limit certain securities. Investors in these vehicles must
meet
the qualifications of the investment instrument. These private investment vehicles may not be available to, or
appropriate for, all investors. Participation in the vehicles' strategies may involve certain risks and the investments may
not be suitable for all investors.
On behalf of the Funds, we may invest in a range of instruments but we generally invest in instruments such as, without
limitation, credit default swaps, debt securities, convertible securities, preferred stock, equities, bank loans, futures, options
and other derivative products. The funds may also hold cash and/or cash equivalents including money market funds if
deemed appropriate. No rating criteria have been established for the debt securities in which the Funds may invest.
1 Directional Opportunities - In the view of the Investment Manager, the explosion of credit market growth across the
globe has not been accompanied by a commensurate growth in the set of resources to analyze credit risk. Analysis of
credit risk is a time consuming, resource intensive process given the large number of issuers globally. An investor with
efficient processes to analyze the universe of issues and select what it believes to be the best opportunities will have
the potential to be well rewarded. The Investment Manager believes that these processes are most effective when they
identify not only the best opportunities but also the appropriate time to enter or exit these opportunities.
Credit Capital Investments, LLC Form ADV: Part 2A Page 5
Separately managed accounts are managed in accordance with each Account’s investment objective, strategies and
restrictions as set forth in each Account’s investment advisory agreement, and clients have a limited ability to tailor
such strategies or limit certain securities.
We generally invest, on behalf of the Accounts, in publicly traded equity, equity linked, and fixed income securities-- primarily
corporate bonds, but may also include sovereign and government-related debt.
There can be no assurance that the investment objectives of the Funds will be achieved and investment results may
vary substantially.
As of February 29, 2024, we had approximately $220,000,000 in regulatory assets under management (as defined by
the SEC) all of which is managed on a discretionary basis.
For a further discussion of these related items, See Item 7 (Types of Clients), Item 8 (Methods of Analysis, Investment
Strategies and Risk of Loss) and Item 10 (Other Financial Industry Activities and Affiliations).