Knighthead Capital

Knighthead Capital Management, LLC, founded in 2008 by Ara Cohen and Thomas “Tom” Wagner, is a New York‑based investment advisory firm focused on event‑driven, distressed credit, and special situation strategies. Headquartered in Manhattan, Knighthead has grown into a diversified platform that also manages insurance capital and real estate lending through specialized affiliate vehicles.

With approximately US $9–16 billion in assets under management and a team of 40‑plus professionals, Knighthead pursues long-short public and private credit opportunities, with a heavy emphasis on turnaround situations, operational restructurings, and tailored capital solutions. The firm prioritizes capital preservation, rigorous analysis, and bespoke structuring across global fixed-income and special situations mandates.

Knighthead’s platform includes strategic subsidiaries such as Knighthead Realty Capital Management (real estate debt) and Knighthead Insurance Capital, enabling participation in multiple strategies. The firm is also actively engaged in urban regeneration, including a major £3 billion development project near Birmingham City FC’s stadium through its sports real estate entity. Led by its co‑founders with deep operational experience, Knighthead continues to expand into adjacent asset classes while maintaining its credit-driven roots.