Our approach seeks to deliver uncorrelated returns from core economic sectors that require deep expertise and an interdisciplinary skillset to access and navigate.
Our Advantage
Specialized. Led by Industry Experts.
Our team combines decades of experience from leading institutions, including both investment management and industry operators. We understand the regulatory frameworks, risk profiles, and market dynamics that create sustainable competitive advantages.
Structured. Not Just in our Name.
We provide customized capital solutions across the value chain and throughout the capital stack. Our investment capabilities span across alternative credit, opportunistic credit, asset-backed finance, and structured equity, with an emphasis on strong income generation, downside protection, and low correlation to other asset classes.
Streamlined. Matching Risk with Capital.
We originate investments that can be structured into multiple risk tranches to optimize risk-adjusted returns for different investor profiles. We offer fund strategies across the risk spectrum and provide insurance company partners with differentiated access to investment-grade credit in our target sectors.
Our Strategies
We deploy capital across two essential sectors—insurance and transportation—through specialized investment vehicles designed for institutional investors. Each strategy leverages our sector expertise and direct origination capabilities to access opportunities which may be overlooked by generalist managers.
Insurance
We acquire equity stakes in life insurance companies focused on retirement products and consolidation.
We provide private debt throughout the insurance ecosystem through both corporate and asset-backed financing solutions.
We invest across insurance-linked securities, including catastrophe bonds and reinsurance transactions.
We back insurance technology companies developing innovative industry solutions. Learn more.
Insurance Industry Economics:
Transportation
We originate senior secured loans to maritime companies for vessel acquisitions, backed by real assets.
We deploy capital opportunistically across maritime, aviation, rail, and logistics sectors.
Transportation Industry Economics:
For Insurance Companies
We provide separately managed accounts and customized investment solutions designed specifically for insurance company balance sheets.
Investment Grade Focus
Asset origination targeting regulatory and risk parameters required for insurance portfolios.
Customized Mandates
Direct partnerships to create solutions matching specific asset-liability profiles.
Integrated Solutions
Alternative assets across our sectors that have historically offered attractive risk-adjusted returns while meeting regulatory standards.
Our Track Record
Our investment philosophy is rooted in sector specialization and direct origination. We seek to build investment portfolios that deliver attractive risk-adjusted returns while prioritizing disciplined capital preservation through market cycles.
*As of July 2025
†Includes Northern Shipping Fund Management LLC, acquired by HSCM in 2022.
Decades of experience from leading institutions.
Michael Millette
Co-Founder, Managing Partner
David Andrews
Co-Founder, Managing Partner
Vikas Singhal
Partner
Gokul Sudarsana
Partner
Jason Braunstein
Partner
Jeff Sangster
Partner
R. Sean Durkin
Partner
Sybren Hoekstra
Partner
Andrew Sagon
Managing Director
Anastasia Dede
Managing Director
Neil McLaughlin
Managing Director
JR Zambrotta
Managing Director