Bayview Asset Management has launched a fund finance investment business.
The $20bn (£15.5bn) alternative asset manager said that the addition of fund finance expands its platform to offer liquidity solutions to alternative investment funds, general partners and limited partners.
Industry veterans Michael Timms and Colin Doherty have joined Bayview to serve as co-heads of the newly created strategy. They will focus on building out Bayview’s fund finance investment capabilities and expanding Bayview’s asset-based finance (ABF) offerings.
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“Michael and Colin represent the best and brightest in the Fund Finance industry, bringing a wealth of experience and a proven track record that will be instrumental in our continued growth and success,” said Nancy Mueller Handal, chief investment officer of Bayview’s insurance asset management division. “Their expertise and leadership will be crucial as we build out our platform to meet the evolving needs of our clients.”
Timms has extensive experience in US alternative investments, having held roles at 17Capital and Wells Fargo Securities.
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Doherty joins Bayview after a decade at JP Morgan, where he worked in the structured equity financing group within the firm’s CIB markets trading division. Prior to JP morgan, he held similar roles at UBS.
“I am thrilled to join Bayview and work alongside Colin to lead the fund finance team,” said Timms. “I look forward to leveraging my experience in structuring and executing complex liquidity solutions for owners of alternative assets to help further expand Bayview’s industry-leading position in structured credit.”
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Doherty added: “I am excited about the opportunity to collaborate with Michael and enhance our ABF platform by building on Bayview’s strong foundation in fund finance.
“Bayview’s dynamic platform provides the ideal opportunity to utilize my experience, and I look forward to leveraging our strengths to deliver exceptional value to our investors.”
