Watershed Asset Management, L.L.C.
is a San Francisco-based employee owned alternative investment firm that was founded in 2002. Its investment objective is to prioritize the preservation of capital while generating superior risk-adjusted investment returns over business and economic cycles. Since inception, the firm has invested in the debt and equity securities of companies, industries, and assets that are inefficiently held or financed, undergoing change, or misunderstood. Watershed is distinguished by its disciplined value investment strategy and willingness to invest in stressed situations and transactions requiring industry, company or asset specific expertise.
The firm manages discretionary capital for endowments, foundations, healthcare and financial institutions, state and corporate pension plans, family offices, and private investors. Watershed has been a registered investment adviser with the United States Securities and Exchange Commission since 2006.