Axonic
Axonic Capital LLC is a New York-based SEC-registered investment adviser founded in 2010 by Clayton DeGiacinto, specializing in structured credit strategies across residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLOs), and other asset-backed securities (ABS). The firm manages over $6 billion in assets across its institutional and retail platforms and employs a team of experienced professionals with deep expertise in credit structuring, trading, and portfolio management. Axonic's leadership team has remained largely unchanged since the firm's inception, reflecting a long-term, relationship-oriented approach to investment management and client service.
Axonic's investment process is built on fundamental analysis of cash flows from underlying assets, with a focus on identifying mispriced, overlooked, or distressed opportunities in structured credit markets where the firm has informational and analytical advantages. The firm invests across the full spectrum of structured credit, including residential and commercial real estate debt, consumer and auto loans, aviation finance, and CLOs. Axonic also maintains expertise in fixed income derivatives and rate volatility markets. The firm's opportunistic approach allows it to pursue complex transactions where its deep market knowledge and analytical capabilities provide a distinct edge over generalist investors.
Axonic has expanded its platform to include registered investment products accessible to wealth management clients through the Axonic Alternative Income Fund and the Axonic Strategic Income Fund, both structured as registered interval and open-end funds respectively. These vehicles allow accredited investors and financial advisors to access Axonic's institutional structured credit expertise in more accessible formats. The firm's commitment to generating consistent, lower-volatility returns by investing in differentiated, cash-flow-generating assets has resonated with institutional allocators and wealth management platforms seeking differentiated fixed income alternatives. Axonic's consistent focus on its core competency of structured credit investing distinguishes it as a specialist alternative credit manager.