Empyrean Capital Partners, LP: Company Profile

Background

Overview

Empyrean Capital Partners, LP is a private investment firm specializing in event-driven and special situation investments. Established in 2004, the firm is headquartered in Los Angeles, California, with an additional office in New York City. Empyrean focuses on distressed debt, high-yield bonds, and equity securities, leveraging its deep industry expertise to identify undervalued assets and generate attractive risk-adjusted returns for its investors.

Mission and Vision

Empyrean's mission is to deliver superior long-term performance by capitalizing on market inefficiencies and unique opportunities. The firm aims to achieve this through rigorous fundamental research, strategic investments, and active engagement with portfolio companies to drive operational improvements and strategic initiatives.

Industry Significance

As a prominent player in the financial services industry, Empyrean Capital Partners contributes to market efficiency by identifying and investing in undervalued assets, thereby facilitating capital allocation and supporting the growth of various sectors.

Key Strategic Focus

Core Objectives

Empyrean's primary objective is to generate superior long-term returns for its investors by identifying and capitalizing on event-driven and special situation investment opportunities.

Areas of Specialization

The firm specializes in:

Distressed Debt: Investing in the debt of companies facing financial difficulties, aiming to acquire assets at a discount.

High-Yield Bonds: Targeting bonds with higher risk and higher return potential.

Equity Securities: Investing in undervalued or mispriced equity securities.

Key Technologies Utilized

Empyrean employs advanced financial modeling, data analytics, and proprietary research methodologies to inform its investment decisions.

Primary Markets Targeted

The firm primarily targets North American markets, focusing on sectors such as retail, healthcare, energy, telecommunications, and technology.

Financials and Funding

Assets Under Management (AUM)

As of June 30, 2025, Empyrean Capital Partners reported approximately $2.98 billion in assets under management.

Funding History

Specific details regarding the firm's funding history are not publicly disclosed.

Notable Investors

Information about individual investors is not publicly available.

Utilization of Capital

The firm utilizes its capital to invest in distressed debt, high-yield bonds, and equity securities, focusing on event-driven and special situation opportunities to generate attractive risk-adjusted returns.

Pipeline Development

Key Pipeline Candidates

Empyrean's investment strategy involves identifying undervalued assets across various sectors, including:

Retail: Investing in companies undergoing restructuring or operational improvements.

Healthcare: Targeting firms with strategic growth potential or turnaround opportunities.

Energy: Focusing on companies with undervalued assets or in need of capital for development.

Telecommunications: Investing in firms with potential for consolidation or technological advancement.

Technology: Targeting companies with innovative products or services facing market challenges.

Stages of Development

Empyrean engages in investments at various stages, from early-stage opportunities to mature companies requiring strategic guidance.

Target Conditions

The firm focuses on companies experiencing financial distress, operational challenges, or strategic transitions that present investment opportunities.

Anticipated Milestones

Specific timelines for anticipated milestones are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

Empyrean utilizes proprietary financial modeling and data analytics platforms to assess investment opportunities and manage portfolios effectively.

Significant Scientific Methods

The firm employs advanced quantitative analysis, scenario modeling, and risk assessment techniques to inform investment decisions.

Leadership Team

Key Executives

Michael Price: Founder and Chairman. Mr. Price established Empyrean Capital Partners in 2004 and has been instrumental in shaping the firm's strategic direction.

Amos Meron: Managing Partner & Chief Investment Officer. Mr. Meron co-founded Empyrean and has over 35 years of experience in investment management, including a tenure at Goldman Sachs & Co.

Peter Bergren: Partner & Chief Financial Officer. Mr. Bergren joined Empyrean in 2013, bringing experience from PriceWaterhouseCoopers and Magnetar Capital LLC.

Brian Joseph: Partner. Mr. Joseph joined Empyrean in 2009, focusing on building the firm's credit capabilities, with prior experience at GoldenTree Asset Management and Dresdner Kleinwort Wasserstein.

Jennifer (Ginger) Norman: General Counsel & Chief Compliance Officer. Ms. Norman joined Empyrean in 2022, with over 11 years at Canyon Partners, LLC, and extensive experience in corporate and transactional law.

Competitor Profile

Market Insights and Dynamics

The event-driven and special situation investment sector is characterized by its focus on market inefficiencies and distressed assets, offering opportunities for firms like Empyrean to generate superior returns. The market is influenced by economic cycles, regulatory changes, and sector-specific challenges.

Competitor Analysis

Empyrean competes with other investment firms specializing in similar strategies, including:

Pioneer Natural Resources Co.: A leading oil and gas exploration and production company.

Shell PLC: A global group of energy and petrochemical companies.

Marathon Petroleum Corp.: An integrated downstream energy company.

CVS Health Corp.: A healthcare company that includes a pharmacy services division.

These competitors operate in overlapping sectors and may present both challenges and opportunities for Empyrean.

Strategic Collaborations and Partnerships

Significant Collaborations

Specific details regarding Empyrean's strategic collaborations and partnerships are not publicly disclosed.

Operational Insights

Strategic Considerations

Empyrean's strategic approach involves identifying undervalued assets and special situation opportunities, conducting thorough due diligence, and actively engaging with portfolio companies to drive value creation. The firm emphasizes risk management and operational efficiency to maintain a competitive edge.

Strategic Opportunities and Future Directions

Strategic Roadmap

Empyrean continues to focus on expanding its portfolio by identifying and investing in undervalued assets across various sectors. The firm aims to leverage its expertise to capitalize on market inefficiencies and generate superior returns for its investors.