Forza Investment Group | Credit-Oriented Alternatives

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Who We Are

An investment firm built for any market condition

Forza is an SEC-registered investment adviser led by Chief Investment Officer Mark Melchiorre. We pair deep credit-market expertise with rigorous research and risk management to deliver high-quality, credit-oriented strategies and creative capital solutions.

Credit expertise, applied with discipline

Our 14-person team brings more than 176 years of collective investment experience across asset classes, instruments, research, trading, and risk management, built to help clients excel in any market condition, demonstrating resilience and strength.

Focus: credit strategies, special situations, public and private credit-oriented investments, and insurance solutions.
Approach: catalyst-driven, event-driven investing within strict risk parameters.

How the firm came together

2018

CIO Mark Melchiorre works with Brean Capital partnership to build Brean Asset Management.

2019

Partners Fund is established, focusing on capital-structure opportunities.

2019

The Special Situations fund is launched.

2022

The All-Weather Alternative Credit Strategy (AWACS) is launched.

2024

Forza Investment Group, LP is formed, the AWACS principal-protected note is launched.

2026

Forza Insurance Asset Management (FIAM) is formed.

Source: Forza Investment Group, LP. As of June 4, 2026.

What We Do

Three connected lines of business

Each business aims to reinforce the others, creating a continuous flow of deal sourcing, market intelligence, and investment opportunity across the platform.

01 - Investment Strategies

We aim to invest in catalyst and event-driven situations across public and private markets, from less-liquid special situations to liquid corners of the high-yield market.

Special Situations & SOF: catalyst and event-driven credit and equity opportunities, restructurings, and opportunistic capital solutions in less-liquid but tradable credit.
AWACS: fundamental, research-driven long/short investing in the most liquid part of the U.S. high-yield market, with downside protection through hedging.

Special Situations · AWACSInvestment Strategies

02 - Capital Solutions

Leveraging our capital markets expertise and fundamental research, our goal is to provide proprietary, sourced and structured financings for corporate issuers across public and private markets.

Structures include term loans, secured and unsecured notes, preferred equity, and private equity.
Capital is used for refinancing, M&A, growth capital expenditure, dividends, and general corporate purposes.

Public & Private

Issuer Coverage

Term Loans · Notes · PreferredCapital Solutions

03 - Insurance Asset Management

Forza Insurance Asset Management (FIAM) aims to build resilient portfolios that meet statutory standards while maximizing yield per unit of regulatory capital. FIAM rests on three pillars.

Balance sheet expertise: statutory accounting, NAIC designations, RBC capital charges, and rating-agency capital models.
Multi-manager platform: a curated network of high-quality external managers across public and private markets.
Risk & portfolio construction: capital efficiency, liquidity management, and risk transparency for regulated portfolios.

Representative Transactions

A selection of structured financings

The following examples illustrate the investment process and structuring approach Forza uses. They are not intended to indicate overall portfolio performance.

Vericast

Secured 1st & 2nd liens · capital-structure refinancing

$100mm11%, 12.50% & 13%

Accint

Secured 2nd lien · structured equity · sourced off balance sheet

$25mm13% PIK Notes

Mohegan

Unsecured notes · capital-structure refi · sourced via exchange

$50mm13.25% Due 2027

RR Donnelley

Term loan, new capital · refi · intermediate company notes

$100mm / $50mm / $360mmL+725, PIK/Toggle

McClatchy

1.5 lien notes · additional capital raise

$75mmPIK/Toggle (12.5/11%)

American News Company

Secured 2nd lien · exchange PIK notes · sourced off balance sheet

$25mm10% & 8.5% PIK

Logos and company names are trademarks of their respective owners; Forza disclaims any association with them and any rights associated with such trademarks. Deal summaries are drawn from bond prospectuses and Bloomberg. Examples were chosen based on objective, non-performance-based criteria for the purpose of describing the investment processes and analyses the firm uses. Excludes venture capital and direct investments. There can be no guarantee that a fund will be able to implement its investment strategy or achieve its investment objectives.

How We Invest

From idea generation to monetization

Forza sources ideas through its extensive network and knowledge base, coupled with top-down and bottom-up research and proprietary models, to determine optimal execution within strict risk-management parameters.

Capital Markets Sourcing

Long standing relationships with executing brokers and syndicate desks, plus access to proprietary deal flow through new issues and the secondary markets.

Research & Selection

Fundamental and market technical analysis inform initial evaluations, supported by proprietary models built by the investment team.

Monetization

We aim to monetize our views through catalysts and events such as tenders, exchanges, refinancings, and the creation of new capital.

Risk Management

Risk monitoring within the investment process

Daily morning calls with the entire team promote transparency, and clear thresholds govern how positions are reviewed and sized.

Position discipline

If a position underperforms the broader high-yield index by 5%, it is reviewed; if underperformance exceeds 10%, the position is automatically eliminated. No single position exceeds 5% of exposure, and no single industry exceeds 25%.

Hedging

Credit, interest-rate, and cash derivatives are used to create low-cost, low-theta, highly asymmetric tails. The strategy avoids selling open-ended options, eliminating the risk of unlimited losses.

Committee oversight

Scenario analysis is performed daily to confirm hedges provide optimal protection in tail events. Valuation committee meetings are held monthly, and best-execution analysis is conducted quarterly.

Source: Forza. As of January 1, 2024.

Who We Serve

One platform, multiple client segments

Our integrated approach lets us offer absolute, total, and relative return products to a range of sophisticated investors.

Insurance companies

Regulatory aware portfolio construction that optimizes yield and capital efficiency while maintaining strong liquidity and risk controls.

Institutional investors

Credit oriented, event-driven strategies built on fundamental research and disciplined risk management for pensions, endowments, and allocators.

Family offices & HNW

Access to differentiated special situations and capital solutions opportunities sourced through our proprietary network.