On May 12, 2022, Hudson Structured Capital Management Ltd. (“HSCM”), a manager of reinsurance, insurtech and transport assets, expanded its transportation alternative investment platform by acquiring the key business assets of Northern Shipping Fund Management LLC (“NSF”), a leading alternative capital provider to the shipping industry. Seward & Kissel is pleased to have represented HSCM in connection with this investment management M&A transaction.

Launched in 2016, HSCM is an asset manager focused on investments in the Re/Insurance and Transportation sectors and currently has approximately $4.0 billion in capital commitments and assets under management. NSF is a leading alternative capital provider to the shipping and offshore oil service industries. Employing an asset-based approach, NSF represents a stable source of capital, providing structuring flexibility and superior execution to support its customers’ financing needs.

Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping.”

The company’s press release describing this transaction is available here.