Chatham Asset Management, a private investment firm, has established a CLO management business, CTM Asset Management (“CTM”), and made a significant capital commitment to build the business and support its initial CLO issuance. CTM will be managed as a separate entity with distinct portfolio management, research analyst, and operations teams.

CTM is led by a dedicated team of professionals with decades of experience and established relationships in the leveraged loan market, and expects to hire an initial team of six to eight credit research analysts. The leadership team includes:

• Thomas Flannery, Group Head and Chief Investment Officer. Flannery joins CTM following 25 years at Credit Suisse Asset Management (CSAM) and predecessor companies, most recently as Senior Portfolio Manager and Managing Director. He has managed over 70 CLOs in his career and served as the Chief Investment Officer of CSAM’s syndicated loan and high yield bond mutual funds. During Mr. Flannery’s tenure, CSAM became one of the largest and best performing managers in the syndicated loan market, winning several industry awards. Flannery holds a BS in Finance from Georgetown University. 

• Matthew Sosland, Portfolio Manager. Sosland joins CTM following a career spanning over 27 years investing in leveraged credit. He has focused on building CLO platforms and managing loan portfolios since 2006. Prior to CTM, Sosland held similar roles at Advent Capital Management, Morgan Stanley Investment Management, Assurant (where he established the CLO management platform), 3i Debt Management, and Fraser Sullivan Investment Management (where he was a founding partner). Previously, Sosland served as an Associate Director at Bear Stearns Asset Management and as a Vice President at Nomura Corporate Research and Asset Management. Sosland holds a BA in Economics and Political Science with high honors from Swarthmore College and is a CFA charterholder.

• Andrew Chatham, Head of Structured Credit. Chatham joins CTM from Assured Investment Management (formerly known as BlueMountain Capital Management), where he served as a Portfolio Manager specializing in CLO tranche investing, CLO structuring, document negotiation, and capital markets. Previously, Chatham served as a Valuation Analyst at BlueMountain Capital Management and as a Structured Finance Associate at KPMG. Chatham hold a BS in Quantitative Finance from James Madison University.

• Chuck Chakrala, Head of CLO Operations & Compliance. Chakrala joins CTM from Sound Point Capital Management, where he served as Global Head of CLO & Loan Operations/Analytics. Prior to Sound Point, Chakrala served as Head of Portfolio Management Analytics for the Credit Market Strategies group at Sixth Street Partners. Previously, he served in similar CLO and credit-related roles within analytics, operations, client relations, and business development at Pinebridge Investments, Credit Suisse Asset Management, CIFC Asset Management, and Citigroup. Chakrala holds a BS in Finance & Business Logistics from Pennsylvania State University.

“Since Chatham’s founding in 2003, our team has been acutely focused on leveraged credit – consistently looking for ways to improve our knowledge and capabilities in these markets,” said Anthony Melchiorre, Managing Member of Chatham. “We are pleased to announce the launch of CTM and its world-class team. CTM is a natural extension of our core business and will be incredibly additive to Chatham’s research process, providing us with insights into an expanded number of corporate issuers and helping our team to source attractive investment opportunities that are well suited for our existing strategies.”

“Chatham is a pioneer in the leveraged credit markets with a robust infrastructure and impressive performance track record,” said Flannery. “I am excited to build an elite investment team and lead CTM’s entry into the CLO market.”