Overview
Wayzata Investment Partners LLC was formed in a management buyout in May 2004 as the
successor company to CFSC Wayland Advisers, Inc. (“Wayland”). Wayland had been formed in
1997 to invest third party capital in distressed debt, non-distressed bank loans, high yield bonds,
and special situations. Wayland was the successor to the High Yield/Reorg Group of Cargill
Financial Services Corporation, which managed a proprietary portfolio of distressed investments
and performing high yield assets for Cargill Financial Services Corporation from 1990 to July
1997.
Wayzata is registered with the SEC as an investment adviser under the United States Investment
Advisers Act of 1940, as amended (the “Advisers Act”). The fact that an investment adviser is
registered with the SEC does not imply any particular level of skill or training.
Wayzata’s manager is Patrick J. Halloran. MAP Holdings LLC, which is controlled and
managed by Patrick J. Halloran, is the majority owner of Wayzata.
Wayzata serves as the investment manager to
several private investment funds (the “Funds”) and
in such capacity provides equivalent portfolio management and administrative services to the
Funds. Through the Funds, Wayzata invests primarily in special situations, including those in
bankruptcy or undergoing financial restructuring or reorganization. Wayzata’s investment
advice is limited to such investments that are permissible in accordance with each Fund’s
Confidential Private Placement Memorandum (“PPM”) and operating documents (collectively,
the “Fund Documents’). Additional information regarding the type of investments made by the
Funds is provided in Item 8.
In May 2017, Wayzata Investment Partners notified all Limited Partners that they intended to
wind-down their management company and would not be seeking any further capital.
As of December 31, 2023, Wayzata managed approximately $376,008,738 of Regulatory Assets
Under Management (as defined in Form ADV, Part 1A) on a discretionary basis. Wayzata does
not manage assets on a non-discretionary basis.