STAMFORD, Conn.--(BUSINESS WIRE)--Hudson Structured Capital Management Ltd. (“HSCM”), a leading alternative asset manager focused on investments in the Re/Insurance, Transportation, and InsurTech sectors, today announced it has arranged a financing transaction with Eldridge.

HSCM was founded in 2016 by former Goldman Sachs Structured Finance Head Michael Millette and former PIMCO executive David Andrews. This transaction will allow HSCM to refinance its startup obligations and accelerate further growth. It consists of a private debt issuance with warrants that will allow Eldridge to participate in HSCM’s growth.

“We are delighted to be partnering with Eldridge,” said Millette, Managing Partner of HSCM. “With the support of Todd, Tony and the entire Eldridge organization, we look forward to continuing our mission to provide institutional investors with lightly correlated, sector-based portfolios that realize value through thought leadership across subsectors and instruments.”

“HSCM’s Re/Insurance, Transportation and InsurTech platforms have achieved remarkable growth,” said Tony Minella, Co-Founder and President of Eldridge. “We look forward to supporting HSCM as a strategic partner as they continue to scale and diversify.”

Barclays Capital Inc. is acting as lead financial advisor to HSCM, who was also advised by Tiger Risk Capital Markets & Advisory.