Market updates and sector developments
Hayfin Capital Management has entered into an agreement with private investment firm Arctos Partners to support a management buyout of the business, acquiring British Columbia Investment Management Corporation’s (BCI) majority stake. The new partnership delivers Hayfin’s long-term objectives of greater team ownership, alignment and incentivisation, as well as generating superior and consistent risk-adjusted returns for both Hayfin’s and Arctos’ respective investors.
Via its Keystone strategy - which provides strategic partnership to leading financial sponsors, through bespoke growth capital and liquidity solutions - Arctos has underwritten 100% of the funding and will facilitate the Hayfin team becoming the majority owners of the common equity. BCI will remain a strategic limited partner in certain Hayfin funds.
Founded in 2009, Hayfin specialises in providing European and North American credit and private equity investment solutions to a global investor base. BCI acquired a majority stake in the firm in January 2017 and, since that time, Hayfin has experienced strong sustained growth and momentum - quadrupling its AUM (which now stands at circa €31bn), adding senior talent and diversifying and expanding its strategies. The firm’s product offering now spans direct lending, special opportunities, tactical solutions, high yield/syndicated loans, healthcare opportunities, maritime yield and private equity solutions.
Hayfin has a diverse international team of over 200 experienced industry professionals, with offices globally, including headquarters in London.
