Millstreet Capital Management LLC (“Millstreet” or the “Firm”) is a Boston based SEC-registered investment adviser founded in 2010 with an objective to compound superior absolute returns that are uncorrelated to other traditional asset classes. Millstreet invests in opportunistic and event-driven High Yield with a focus on the inefficient and overlooked small-to-mid capitalization (“SMID”) segment of the market. Millstreet has constructed its entire organization around exploiting the inefficiencies inherent in this niche of the market. By having capabilities that range from new issue origination to secondary performing credit, as well as deep stressed, distressed, restructuring and post-reorganization experience, Millstreet has the full suite of skills needed to capitalize on the opportunities in the market.
The origin of the Millstreet name is based on the town in County Cork, Ireland, where Craig Kelleher's late father Timothy "Ted" Kelleher grew up. The town has a population of less than 2,000 and sits at the foot of Clara Mountain. The Millstreet logo was designed to represent not only the "M" and "S" of the Millstreet name, but the "M" also represents Clara Mountain while the "S" symbolizes the Blackwater River which runs near the town of Millstreet.