HSCM acquires Northern Shipping Funds
Hudson Structured Capital Management has acquired the key business assets of Northern Shipping Funds , an alternative capital provider to the shipping industry.
The combined platform will manage shipping and transport investments across the capital structure. The combined transport 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 to over $4 billion.
NSF, led by Sean Durkin and Sybren Hoekstra, employs an asset-based approach to maritime lending. For more than 15 years, it has represented a stable source of capital to the maritime market, providing structuring and superior execution to support its customers’ financing needs.
The combined HSCM transport team will collaborate on market opportunities for both NSF and HSCM funds. The platform will offer greater asset scale, investor reach, operational efficiencies, and product offerings. By leveraging both teams — NSF’s existing practices and expertise and HSCM’s existing platform and specialized infrastructure — the expanded manager will be able to provide enhanced investment origination, structuring, and management.
The HSCM transport and maritime teams will continue to operate out of HSCM’s Stamford, CT offices.