HalseyPoint Asset Management Announces Partnership with A-CAP to Launch Leveraged Loan Platform
Firm to be managed by proven CLO veterans Lynn Hopton and Yvonne Stevens
NEW YORK, Feb. 21, 2019 /PRNewswire/ -- HalseyPoint Asset Management, LLC ("HalseyPoint"), an asset management firm formed in May 2018 to issue and manage Collateralized Loan Obligations ("CLOs"), today announced a partnership with A-CAP, a privately held company affiliated with multiple insurance and financial businesses, to support HalseyPoint's launch and ongoing operations.
The founders of HalseyPoint, Lynn Hopton and Yvonne Stevens, will contribute to the company's working capital alongside A-CAP and certain of its affiliates (together, "A-CAP"), which will also provide significant equity and debt capital investments to anchor HalseyPoint's initial slate of CLOs. Additionally, A-CAP will extend additional services to HalseyPoint and ongoing support for the issuance of future CLOs.
Ms. Hopton and Ms. Stevens will manage HalseyPoint's operations, as well as its investment process and credit committee. They are both 25-year veterans of the institutional leveraged loan and CLO markets with significant experience raising CLO funds. Both Ms. Hopton and Ms. Stevens served as Co-Heads and Senior Managing Directors of the Leveraged Debt Group at Columbia Management for 18 years from April of 2000 through March 2018, where they founded and developed Columbia's leveraged loan and CLO asset management business.
"We are extremely excited about our partnership with A-CAP. With its support and investment, we intend to build a strong platform from which to issue our CLOs and other investment products focused on the institutional leveraged loan market," said Lynn Hopton, HalseyPoint's co-founder and Managing Partner. "A-CAP's significant industry knowledge and reputation as a sophisticated investor in CLOs make them a great fit for our business. We look forward to having them as a partner and investor in our future CLOs," said Yvonne Stevens, Halsey Point's co-founder and Managing Partner.
"Lynn and Yvonne are proven industry leaders who have been developing expertise in the loan market since the very first CLOs were issued in the 1990s," said Ken King, founder and President of A-CAP. "We are confident that through their deep experience and intelligent, strategic approach, HalseyPoint will quickly become a best-in-class manager of CLOs and other loan investment vehicles. We are thrilled to be partnering with them."
GreensLedge Capital Markets, LLC represented HalseyPoint as its advisor in this transaction.
About HalseyPoint Asset Management
Halsey Point Asset Management, LLC was formed in May 2018 by Lynn Hopton and Yvonne Stevens to issue and manage Collateralized Loan Obligations (CLOs) and private funds focused on the institutional leveraged loan and bond asset class following their roles co-heading the CLO effort at Columbia Management for 18 years. Hopton and Stevens, 25-year veterans of the leveraged loan market, are well-known in the industry for raising and managing CLO funds. While at Columbia Management, they issued and managed 22 CLOs totaling over $12 billion in AUM. HalseyPoint is headquartered in El Segundo, California. For more information about the firm, please visit www.halseypoint.com.
About A-CAP
A-CAP is a privately held company affiliated with multiple insurance and financial businesses. These businesses include primary insurance carriers, an SEC registered investment adviser, an administrative services provider, reinsurance vehicles, and marketing organizations. With broad knowledge across the insurance and investment sectors, A-CAP's management team has diverse experience and provides comprehensive services to policy holders, insurance company clients, and capital partners. Launched in 2013, A-CAP is a privately held company with offices located in New York, and affiliate offices in Charleston, Chicago, Salt Lake City, and Omaha. For more information, visit www.acap.com.
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SOURCE HalseyPoint Asset Management, LLC
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