Hudson Structured grows firm assets to $4bn+ with transportation acquisition

Hudson Structured Capital Management Ltd., the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has expanded its overall asset-base to more than $4 billion after the acquisition of a complementary transportation investment business.

Hudson Structured has expanded its transportation alternative investment platform through an acquisition of the key business assets of Northern Shipping Fund Management LLC (“NSF”)

While this isn’t strictly relevant to our readers, being unrelated to the reinsurance and ILS investing Hudson Structured undertakes, it has delivered a relatively significant increase in group-wide assets for the investment company.

North Shipping Fund Management is a leading alternative capital provider to the shipping industry and with the acquisition Hudson Structured’s combined platform will now manage shipping and transport investments across the capital structure.

After this move, Hudson Structured’s transport platform will have assets under management and capital commitments of more than $1.0 billion, bringing HSCM’s firm-level assets under management and capital commitments above $4.0 billion.

Northern Shipping Fund Management LLC is led by Sean Durkin and Sybren Hoekstra and employs an asset-based approach to maritime lending, with a more than 15 year history in the sector providing a stable source of capital to the maritime market.

“We are excited to welcome Sean, Sybren, and the entire NSF investment team to HSCM,” David Andrews, HSCM Co-Founder and Managing Partner – Transport commented. “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.”

“We are thrilled to be combining with the HSCM team,” Durkin added. “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.”