GoldenTree Asset Management

Steven Tananbaum had previously spent more than a decade at the asset manager MacKay Shields, where he headed the high yield group from June 1991, and earlier worked on high yield and merger and acquisition transactions in the corporate finance department of Kidder, Peabody & Co. In 2000 he founded GoldenTree and launched its flagship alternative offering, the Master Fund strategy; the same year, the firm issued its first collateralized bond obligation (CBO). On January 25, 2001, the firm’s registration as an investment adviser with the U.S. Securities and Exchange Commission (SEC) became effective; that year it also launched its first fixed income offering.⁠[1][1][2][3][4][2]

In 2005, GoldenTree opened a London office, entering Europe; in 2010 it launched its first dedicated distressed offering; in 2014 it opened a Singapore office, entering Asia; in 2015 it launched its Multi-Sector strategy; in 2016 it launched the GoldenTree Loan Management (GLM) program focused on collateralized loan obligations (CLOs); in 2017 it launched its Emerging Markets strategy; and in 2019 it opened an office in West Palm Beach, Florida.⁠[2][2][2][2][2][2][2]

In 2023, GoldenTree opened an office in Dubai, United Arab Emirates, entering the Middle East. On January 5, 2024, the firm announced the hiring of Markus Taubert, formerly Muzinich’s head of Germany and Austria, as a principal based in Munich, establishing a presence in Germany responsible for business development in the DACH region; CEO and partner Kathy Sutherland said some of the firm’s earliest investors were from Germany. At the time the firm managed more than $53 billion. The same year, the firm launched its Tactical Opportunities strategy.⁠[2][5][5][5][5][5][2]

On March 11, 2024, GoldenTree announced that its first Private Credit Fund had secured commitments of more than $1.35 billion, exceeding its target of $800 million to $1 billion; the firm said it had made more than $6 billion of private credit investments across more than 15 industries over the previous decade. On April 1, the firm announced that its third CLO equity fund, GLM III, had reached its effective hard cap of $1.3 billion, bringing aggregate commitments across the GLM program, which began in 2016, to more than $2.625 billion; the firm’s partners and employees personally committed $50 million to the fund.⁠[6][6][3][3][3]

The investment firm Republic announced its acquisition of GoldenChain, a wholly owned subsidiary of GoldenTree that managed GoldenTree’s digital asset funds; Joe Naggar, a partner who had been at GoldenTree since 2007 and was then head of digital assets, became chief executive officer and chief investment officer of Republic Digital. Tananbaum said GoldenTree intended to remain an investor in GoldenChain and that moving the business to Republic put it in the best position for growth.⁠[7][7][7][7][7]

In 2025, GoldenTree launched Opportunistic Credit Fund (ticker GTPIX), a continuously offered, unlisted closed-end interval fund.⁠[2]

GoldenTree announced that its Private Credit Fund II was oversubscribed at its hard cap of $2.75 billion, with more than $800 million raised through a rated feeder structure and $50 million committed by the firm’s partners and employees. As of the announcement, the fund had deployed close to 40% of commitments across about 50 investments; its predecessor had deployed more than 90% and was delivering a 16% net internal rate of return and a 1.4x net multiple.⁠[8][8][8][8][8]

GoldenTree announced the hiring of Ellen Conti, formerly executive managing director and chief financial officer of Sculptor Capital, as partner and chief financial officer, overseeing the finance function including accounting and tax and reporting to CEO Kathy Sutherland. At the time the firm managed more than $71 billion, and Tananbaum was founder, managing partner, and chief investment officer.⁠[9][9][9][9][9][9]

GoldenTree Asset Management LP is a limited partnership organized under Delaware law and registered with the SEC as an investment adviser (number 801-58286). According to the Form ADV it filed on October 8, 2026, its discretionary regulatory assets under management were $70,140,103,253 across 161 accounts. As of October 2026, the SEC’s Investment Adviser Public Disclosure system marked the firm’s disciplinary disclosure flag as “no.”⁠[10][4][4][4][10][4]

GoldenTree invests in a wide range of credit assets, including high yield bonds, leveraged loans, private credit, distressed debt, structured credit, emerging markets, real estate, private equity, and credit-themed equities; its investment team has more than 100 investment professionals with an average of 17 years of experience. As of October 2026, the firm was an employee-owned partnership with about 320 employees worldwide, and its employees, partners, and the firm itself had $1.5 billion invested in its strategies; about 55% of its partners were promoted internally.⁠[2][2][2][11][2][1]

The firm is headquartered at 767 Fifth Avenue in New York and has offices in West Palm Beach, London, Dublin, Singapore, Dubai, Charlotte, Newport Beach, Dallas, Munich, Sydney, and Tokyo.⁠[12][12]

GoldenTree Asset Management: Official website: https://www.goldentree.com/ (opens in a new window).⁠[11]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/goldentree-asset-management (opens in a new window)⁠[11]

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