Hudson Structured expands assets to $4bn+ with latest acquisition

Re/insurer  Hudson Structured Capital Management (HSCM) has expanded its firm-level assets under management to more than $4 billion with the acquisition of a leading alternative capital provider to the shipping industry.

HSCM has acquired the key business assets of Northern Shipping Fund Management (NSF). The combined platform will manage shipping and transport investments across the capital structure to offer “greater asset scale, investor reach, operational efficiencies, and product offerings”.

The platform will have assets under management and capital commitments of more than $1 billion, bringing  HSCM’s firm-level assets under management and capital commitments above $4 billion.

NSF, led by Sean Durkin and Sybren Hoekstra, employs an asset-based approach to maritime lending. For more than 15 years, the firm has represented a stable source of capital to the maritime market, providing structuring and superior execution to support their customers’ financing needs.

The combined  HSCM transport team will collaborate on market opportunities for both NSF and  HSCM funds. By leveraging both teams, the expanded manager will look to provide enhanced investment origination, structuring, and management.

Andrews,  HSCM co-founder and managing partner – transport, said: “We are excited to welcome Sean, Sybren, and the entire NSF investment team to  HSCM. They have spent nearly three decades building a premiere maritime franchise with an industry-leading track record. Maintaining that focus is our highest priority going forward. Combined, our platform has expanded investment capabilities across capital structures and unmatched technical expertise providing enhanced market positioning within maritime and potentially across broader transportation markets for years to come.”

Durkin said: “We are thrilled to be combining with the  HSCM team. We view this as the next evolution of our business; one that expands our capabilities, better positions our existing team, and will help us deliver for our collective investors.”

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.