Napier Park’s headquarters in New York
Napier Park plans to join the current fashion for credit risk transfer deals, in which banks free up capital by essentially paying hedge funds and other investors to share loan-book exposures.
“We expect there to be a secular move of risk away from the banks through third-party investment,” says Serhan Secmen, global head of Napier Park’s collateralised loan obligation (CLO) business. “And we plan to play an important role.”
The alternative credit manager, which has $21 billion in assets under
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