The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN AIRLS GROUP INC COM 02376R102 322 7,500 SH   SOLE 7,500 0 0
BANC CALIF INC COM 05990K106 11,753 1,078,250 SH   OTR 1 1,078,250 0 0
CAMBIUM LEARNING GRP INC COM 13201A107 100 85,941 SH   OTR 1 0 0 85,941
CAMBIUM LEARNING GRP INC COM 13201A107 902 773,470 SH   SOLE 0 0 773,470
CHESAPEAKE ENERGY CORP COM 165167107 684 22,000 SH   SOLE 22,000 0 0
CIT GROUP INC COM NEW 125581801 457 10,000 SH   SOLE 10,000 0 0
CONTAINER STORE GROUP INC COM 210751103 1,515 54,517 SH   OTR 1 0 0 54,517
CONTAINER STORE GROUP INC COM 210751103 13,630 490,656 SH   SOLE 0 0 490,656
COOPER STD HLDGS INC COM 21676P103 19,115 482,952 SH   OTR 1 482,952 0 0
CUMULUS MEDIA INC CL A 231082108 154 23,466 SH   SOLE 23,466 0 0
EATON VANCE FLTING RATE INC COM 278279104 783 51,920 SH   SOLE 51,920 0 0
FIDELITY & GTY LIFE COM 315785105 1,412 59,000 SH   SOLE 59,000 0 0
GENERAL MTRS CO COM 37045V100 798 22,000 SH   SOLE 22,000 0 0
KKR & CO L P DEL COM UNITS 48248m102 48,660 2,000,000 SH   SOLE 0 0 2,000,000
NXP SEMICONDUCTORS N V COM N6596X109 30 450 SH   OTR 1 0 0 450
NXP SEMICONDUCTORS N V COM N6596X109 301 4,550 SH   SOLE 0 0 4,550
POST HLDGS INC COM 737446104 203 4,000 SH   SOLE 4,000 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 455 7,500 SH   SOLE 7,500 0 0
RITE AID CORP COM 767754104 921 128,500 SH   SOLE 128,500 0 0
SANDRIDGE ENERGY INC COM 80007P307 318 44,500 SH   SOLE 44,500 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 378 3,000 SH   SOLE 3,000 0 0
WYNN RESORTS LTD COM 983134107 934 4,500 SH   SOLE 4,500 0 0