SkyBridge Capital agrees to invest in credit opportunity fund

Alternative investment firm SkyBridge Capital has committed to make a strategic investment in Viathon Capital's Whitewater Fund, according to a joint-release today. Whitewater is a credit opportunity fund focused on liquid debt instruments of US and European corporate issuers. The portfolio consists primarily of single-name loans and bonds selected through a fundamental credit research and corporate finance investment process.

SkyBridge’s investment is being made from its SkyBridge Capital II Fund. In addition to providing Whitewater with long-term strategic capital, SkyBridge will seek to enhance its investment by providing business-building support. SkyBridge Capital currently has approximately $7.4 billion under management and advisory.

Viathon’s team is led by Rob Comizio. Prior to Viathon, he was a managing director at  Marathon Asset Management and a senior portfolio manager in the $2.5 billion Special Opportunity Fund, focused on high-yield and crossover corporate bonds, special situations and fallen angels in the US and Europe. Before that Comizio was a senior corporate bond trader at Lehman Brothers and an emerging market and high yield trader at Merrill Lynch.