Public Fund-Backed Hayfin Up for Sale
London-based Hayfin, also known as Haymarket Financial, is being sold off after TowerBrook Capital Partners decided to sell the business. Hayfin manages over €5.3 billion in a range of financial products such as collateralized loan obligation funds.
Hayfin is an entity that focuses on private debt and was created by TowerBrook, OMERS Private Equity, the Australian Future Fund and the Public Sector Pension Investment Board of Canada in 2009. The initial idea was to craft a commercial lending platform backed by public funds to serve mid-sized companies in Europe, especially in a time when European banks were severely hampered. In 2008, TowerBrook started Ladder Capital Finance Holdings LLC to serve the commercial real estate market.
UBS is advising on the sale of Hayfin.
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