Phorcys Capital Partners, LLC

Phorcys Capital Partners, LLC seeks to capitalize on the inherent inefficiencies that dominate the distressed and high-yield municipal bond marketplace. We invest opportunistically in middle-market credits in the U.S. and its territories through secondary market aggregation of municipal bonds that no longer have a place in traditional income portfolios.

Our process enables us to identify underperforming asset-backed municipal opportunities with strong upside potential. We focus on middle market project financed revenue bonds that can be acquired at deep discounts to intrinsic value.


Phorcys Capital Partners, LLC is an investment manager, founded in 2014 that seeks to provide investors with superior tax-advantaged total returns in all market conditions by investing in high-yield and distressed asset-backed municipal bonds.

Since inception, the firm’s core investment vehicle has been allocating capital in a variety of less-liquid municipal credits that have fallen out of favor with traditional muni income investors.

The firm is headquartered in Atlanta, GA and maintains operations in San Juan, PR.

Typical distressed sectors:

  • Affordable Housing

  • Student Housing

  • Senior Living

  • Continuing Care Retirement

  • Hotel

  • Conventions Centers

  • Office

  • Parking

  • Industrial

  • Municipal Utilities

  • Toll roads