Transaction Overview
On February 9, 2021, Hudson Structured Capital Management Ltd. (“HSCM”) announced that it had arranged a financing transaction (the “Transaction”) with Eldridge
- The Transaction consists of a private debt issuance with warrants
- Allows HSCM to refinance its startup obligations and accelerate future growth
- Will allow Eldridge to participate in HSCM’s growth
HSCM is a leading alternative asset manager focused on investments in the Re/Insurance, Transportation, and InsurTech sectors
- HSCM launched in 2016 and focuses on alternative investments seeking mezzanine level returns
- As of January 1, 2021 had over $3.0bn in assets under management and committed capital
- HSCM focuses on core economic sectors that are likely to outgrow global GDP, offer low correlations with broader markets, and are experiencing a shift from balance sheet and to market financing
Eldridge invests in businesses across the Insurance, Credit, Technology, Real Estate, Sports, Media, and Consumer landscapes
- Seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale and enterprise
- Eldridge is based in Greenwich, CT with additional offices in Beverly Hills, New York, and London