Under the leadership of David Matlin and Mark Patterson, MatlinPatterson began investing in distressed corporate situations in 1994 within Credit Suisse. They quickly garnered recognition as an investment team successful in capturing value in distressed situations in less efficient markets around the world—taking control and non-control positions in situations other firms avoided. From this depth of experience, the firm grew, spinning out of Credit Suisse in 2002 as a noted private equity firm and rapidly evolving into a broader credit focused investment manager. In 2010, the firm launched a range of targeted credit strategies to enable investors to benefit from the firm’s breadth and depth of experience investing across the dynamic credit markets. MatlinPatterson has nearly 50 employees located in New York.