Hudson Structured Capital Management Successfully Closes $719 Million for Shipping Fund V
Hudson Structured Capital Management Ltd. (HSCM), an investment firm specializing in alternative assets, has announced the successful final closing of its Hudson Northern Shipping Fund V LP (HSNF V), boasting total commitments of $719 million. This remarkable achievement not only meets but surpasses the Fund's initial target of $700 million, highlighting the growing investor interest in the transportation and re/insurance sectors.
The fundraising saw contributions from a diverse range of investors, including new participants alongside established clients. Notably, the backers mainly comprised public pension plans and prominent insurance companies. One of the innovative strategies employed by HSCM was the introduction of a rated note feeder vehicle designed specifically to facilitate investment in HNSF V. This vehicle was primarily funded through the issuance of rated notes, with a significant portion of those ratings receiving an investment-grade designation from an independent third-party agency at the time of closing.
According to Jason Braunstein, Co-Chief Investment Officer at HSCM, the successful closing of HNSF V is a pivotal moment for the firm’s Hudson Northern Shipping strategy, marking it as their largest fund vintage to date. He noted, "The demand for non-bank lending continues to escalate, and we are thrilled to have expanded our investor base, allowing us to better serve our clients' needs."
The unique structure of the rated note feeder vehicle has opened doors for new investors looking to dive into the blue-water shipping sector, which is known for its lower correlation with broader market movements. Michael Millette, Managing Partner of HSCM, commented on this innovative approach, stating, “We are excited to provide a solution that enables new market participants to gain exposure to this promising investment area."
As part of the establishment of the rated note feeder vehicle, HSCM collaborated with Performance Trust Capital Partners LLC, who acted as the structuring advisor, while Haynes Boone provided legal counsel. Additionally, Seward Kissel LLP served as fund counsel for HNSF V, ensuring all regulatory and operational frameworks were adhered to.
Hudson Structured Capital Management operates as an asset manager diligently focused on identifying alternative investment opportunities within the re/insurance and transportation sectors. The firm employs strategic practices that prioritize disciplined underwriting, alignment with client interests, and capital efficiency. More details about their services can be accessed through their website at www.hscm.com.
The successful conclusion of HNSF V is expected to broaden HSCM’s market impact, allowing them to tap into new opportunities within the shipping sector. It marks not just a key financial achievement but a clear demonstration of the increasing evolution of funding practices within asset management. As institutions look to diversify their portfolios, Hudson Structured Capital Management is well-positioned to lead the charge in the alternative investment landscape, notably in sectors that show substantive growth potential, including shipping and transportation-related assets.
The fundraising saw contributions from a diverse range of investors, including new participants alongside established clients. Notably, the backers mainly comprised public pension plans and prominent insurance companies. One of the innovative strategies employed by HSCM was the introduction of a rated note feeder vehicle designed specifically to facilitate investment in HNSF V. This vehicle was primarily funded through the issuance of rated notes, with a significant portion of those ratings receiving an investment-grade designation from an independent third-party agency at the time of closing.
According to Jason Braunstein, Co-Chief Investment Officer at HSCM, the successful closing of HNSF V is a pivotal moment for the firm’s Hudson Northern Shipping strategy, marking it as their largest fund vintage to date. He noted, "The demand for non-bank lending continues to escalate, and we are thrilled to have expanded our investor base, allowing us to better serve our clients' needs."
The unique structure of the rated note feeder vehicle has opened doors for new investors looking to dive into the blue-water shipping sector, which is known for its lower correlation with broader market movements. Michael Millette, Managing Partner of HSCM, commented on this innovative approach, stating, “We are excited to provide a solution that enables new market participants to gain exposure to this promising investment area."
As part of the establishment of the rated note feeder vehicle, HSCM collaborated with Performance Trust Capital Partners LLC, who acted as the structuring advisor, while Haynes Boone provided legal counsel. Additionally, Seward Kissel LLP served as fund counsel for HNSF V, ensuring all regulatory and operational frameworks were adhered to.
Hudson Structured Capital Management operates as an asset manager diligently focused on identifying alternative investment opportunities within the re/insurance and transportation sectors. The firm employs strategic practices that prioritize disciplined underwriting, alignment with client interests, and capital efficiency. More details about their services can be accessed through their website at www.hscm.com.
The successful conclusion of HNSF V is expected to broaden HSCM’s market impact, allowing them to tap into new opportunities within the shipping sector. It marks not just a key financial achievement but a clear demonstration of the increasing evolution of funding practices within asset management. As institutions look to diversify their portfolios, Hudson Structured Capital Management is well-positioned to lead the charge in the alternative investment landscape, notably in sectors that show substantive growth potential, including shipping and transportation-related assets.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.