New York (HedgeCo.net) – Centrecourt Asset Management is in the process of launching The CAM Distressed/Credit Opportunities Fund. This is the third fund formed by Centrecourt Asset Management LLC, a registered investment advisory firm, which has managed approximately $500 million of domestic and offshore institutional capital over the past five years.

The fund’s management team will seek to take advantage of distressed opportunities brought about the current credit crisis, including  investing  in securities of companies orphaned by their capital providers and to which the capital markets are closed and securities of companies with less than optimal capital structures and securities which have been mispriced due to market imbalances.

What differentiates this fund from many in the marketplace is its team’s restructuring operational expertise to help to optimize the operations of a business to maximize  investments.

The fund is currently discussing with several prospective anchor investors certain fund terms, e.g., those relating to fees, including whether performance fees are payable upon the realization of investments, as well as the length of lock-ups and timing of withdrawals to create a structure which will attempt to maximize return on investments as well as align investors’ interests with those of Centrecourt.