Interlake Credit Partners is an alternative asset manager focused exclusively on credit opportunities and inefficient markets. Our ultimate objective is consistent and superior investment performance without incurring excessive risk.

Rules and PrinciplesRules:
Rule #1: Don’t lose money.
Rule #2: Never forget Rule #1.
Rule #3: Incentives are the most powerful force in the universe. Never think about something else when you should be thinking about the power of incentives.
Rule #4: Integrity is everything. Lose money for the firm and we will be understanding. Lose a shred of reputation for the firm, and we will be ruthless.
Rule #5: Embrace your inner pirate. It’s better to be a pirate than join the navy!Principles:
• If you see a snake, kill it. Don’t form a committee on snakes.
• If you build the right structure and stay the course, time becomes your greatest superpower.
• The road to success is paved with problems well handled.
• Authenticity outruns the competition.
• The clear, unmistakable sign of a bureaucrat is someone worried about whether he has a window.
• There are times when certain cards sit unclaimed in the common pile – when certain properties become available that will never be available again. A good businessman feels these moments like a fall in the barometric pressure. A great businessman is dumb enough to act on them even when he cannot afford to.
• Every problem, no matter how extreme, has a rational solution if you keep your wits and focus clearly.
• A good plan finely executed today beats a perfect plan next week.
• We have a strategic plan – it’s called “doing things.” Make a decision and do it like hell!
• Things that have never happened before happen all the time.
• If we tap dance to work, we’re winning.
• Stay in your circle of competence.
• Well done is better than well said. A man cannot build a reputation on what he is going to do.
• To try is scary – you can lose it all! But otherwise, what’s the point?
• There is always room at the top.
• Forced consistency is the hobgoblin of little minds.
• Not everything that can be counted counts, and not everything that counts can be counted.