This brochure describes the advisory business of Shorecliff. Shorecliff is a Delaware limited liability
company based in Newport Beach, California that was founded in September of 2022. At this time,
Shorecliff provides advisory services to, Shorecliff Pacific LP a commingled private investment fund (the
“Fund”). Shorecliff’s advisory services are also actively marketed to future advisory clients seeking
exposure to the strategy (the Fund together with any future advisory client referred to herein as a “Client”
or “Clients”).
Grant Nachman is Shorecliff’s principal owner, serving as the Chief Executive Officer and Chief Investment
Officer. Shorecliff Pacific GP, LLC (the “General Partner”) is an affiliated entity wholly owned by Grant
Nachman. Together with the General Partner, Shorecliff operate a its advisory business.
Shorecliff pursues its investment strategy by acquiring performing credit, stressed/distressed credit, public
credit, and private credit. The strategy is situationally focused and deliberately divergent from market
trends and index-tracking. Shorecliff uses a full cycle credit strategy, investing at all stages of the credit
cycle.
The Shorecliff Pacific LP fund is currently closed to new investors. However, Shorecliff seeks to provide
advisory services to prospective investors in future vehicles and investment products. To the extent
reasonable, Shorecliff tailors its strategy offering to client needs.
Prospective investors in any investment product or private fund vehicle managed by Shorecliff should
review not
only this Brochure, but also the full contents of the offering documents. This Brochure is
intended to be a general summary of advisory services provided by Shorecliff. This Brochure is both
supplemented and superseded by the offering documents for the Shorecliff Client. Any discussions
regarding clients in this brochure, including but not limited to their investments, the strategies used in
managing the clients, the fees and other costs associated with an investment in the clients, and conflicts
of interest faced by Shorecliff in connection with management services provided to clients, are qualified
in their entirety by reference to each client’s respective governing documents and/or advisory agreements.
The investment objective and guidelines of the Fund are not specifically tailored to the individual needs
of investors. However, with respect to the Fund, Shorecliff, at the General Partner’s discretion, has entered
into, and may enter into in the future, side letter agreements with certain investors, establishing rights
under, or supplementing or altering the terms of the offering documents relating to the Fund with respect
to such investors. These agreements may impose restrictions on investing in certain securities or types of
securities pursuant to side letter agreements as negotiated by Shorecliff or the General Partner of the
Fund.
As of December 31, 2023, the amount of regulatory assets under management that Shorecliff managed
on a discretionary basis was approximately $614,039,266. Shorecliff, at the time of this filing, does not
manage Client assets on a non-discretionary basis.