Hayfin Capital Management LLP

Hayfin's latest report 'Why Europe?' explores why a sizable allocation to the European private credit market offers LPs the most compelling opportunity.   The research summarises the structural differences between the US and European markets, challenging the perceived difficulties often associated with European private credit, making this argument in three key parts: 1) Europe's commercial bank-centric market means it is ripe for further disruption for alternative lenders 2) Having a presence in Europe provides access to differentiated deal flow where the competitive dynamics are more in the lender's favour 3) Despite the US being regarded as a more creditor-friendly environment, Europe's credit recovery rates have historically been higher 'Why Europe?' outlines how LPs can unlock these important characteristics to gain the highest-quality exposure to the European private credit market, benefiting from some of the strongest risk-adjusted returns on offer from the asset class. Read more: https://lnkd.in/egYfEBh9

Njord and Greenheart extend partnership as installations completed on GH Kahlo   Njord and Greenheart, a subsidiary of Hayfin Capital Management LLP, are making strides in their green tech partnership, now encompassing a total of eight vessels.   Technology installations have recently been completed on the first vessel, GH Kahlo. The results speak for themselves: installing a combination of only four different technologies has improved the vessel’s fuel efficiency by approximately 8%, which will also deliver an estimated CII improvement from E to C in 2026. Sea trials showed an improved speed-power curve of 9.2%, positively affecting the EEXI rating.    “The constructive and effective collaboration between all stakeholders -owners, charterers, managers, yard and of course Njord Solutions - on this project, is a testament to what can be achieved in terms of both performance improvements and the resulting emission reductions and decarbonisation. The culmination of months of preparation, meticulous analysis and good execution during dry docking, resulted in these excellent improvements on our good lady,” says Nikos Benetis, Technical Director at Greenheart Management.   The work began in April 2023, when Njord and Greenheart, along with maritime consulting firm Marsoft Inc., entered into the partnership. Since them, the scope has continuously expanded with Njord currently installing technologies on four vessels.

Hayfin’s Marc Chowrimootoo was featured in a recent FundFire article reflecting on the fundraising environment for direct lenders.   Marc remarks that, while there is increased appetite amongst LPs for Europe-focused strategies, the market still remains highly competitive and tends to favour more established firms operating at the larger end of the market.   Read the full article here: https://lnkd.in/eWAjsJ6y

A proud moment for our colleagues Aubain Noel, Deborah Noah, Darius Babel, CFA and Samantha who successfully abseiled down the Lloyd's of London building on Wednesday as part of our ‘Summer of FUNdraising’ activities to raise money for Prevent Breast Cancer.   We would also like to express our heartfelt gratitude to all our colleagues who cheered them on from the sidelines and collectively helped to raise over £10,000 to further the vital work the charity does to save lives.   As a member of Prevent Breast Cancer's 100 Club, Hayfin’s fundraising will be committed to the ‘Build to Beat Breast Cancer’ appeal for a new National Breast Imaging Academy to combat the workforce shortages across screening services. The Academy will provide the space and cutting-edge training facilities required to train the next generation of breast imaging staff in the UK to enhance the breast screening service, saving a great many lives. Together, we can continue to make a profound difference!   #breastcancerresearch #charity #volunteering

This week, we welcomed a new cohort of summer interns, in partnership with SEO London and St Anne's College, University of Oxford, as part of our efforts to widen access to talented students from underserved and underrepresented backgrounds. Now in the fourth year of our flagship internship programme, we continue to be impressed by the calibre of applicants that make for a very competitive candidate pool.   Over the next eight weeks, the interns will be working from our New York and London offices, joining teams across Private Credit, Private Equity Solutions, High Yield & Syndicated Loans, Partner Solutions as well as our various corporate functions.   Our interns will have the opportunity to learn from senior leaders across the firm who will share invaluable career insights, receive mentorship and guidance and practical experience along with soft skill building to start their careers in the right direction.   We look forward to sharing more on our interns’ reflections in the coming weeks!   #internship #summerinterns #careers

We are looking for a detailed-oriented, creative problem solver to join our IT team as Head of Business Intelligence.   Think this could be you or know someone who would perfect for this role? Learn more and apply here: https://lnkd.in/dhV_A9Yx #hiring

Hayfin’s Marc Chowrimootoo recently featured in Private Debt Investor’s feature on ‘Leveraging relationships in a competitive mid-market,’ providing insights into the importance of building and maintaining strong relationships with private equity sponsors and having a differentiated offering to stand out in today's market.   Read more here: https://lnkd.in/ecbnW6sF   #PrivateCredit #DirectLending #Hayfin

Hayfin proudly acted as the lead lender for the acquisition of Easyfairs, by Cobepa, Inflexion and the existing management team.   This transaction is set to unlock Easyfairs’ untapped potential through organic and inorganic growth opportunities beyond the company’s existing geographic and sectoral footprint.   Read more here: https://lnkd.in/etah6r_M

Speaking on a panel at the Invisso #GlobalABS conference in Barcelona today, Hayfin’s Marc Chowrimootoo will be lending his views on the challenges and opportunities that private credit portfolio managers are seeing across the middle market.   For more information about the event, follow this link: https://bit.ly/4e9GICE

Our HYSL team has recently completed a successful reset of CLO Emerald X.   The reset secures favourable pricing terms, has strong buy-in from investors, and improves the equity return outlook.   #Hayfin #CLO #EmeraldX