Hudson Structured Capital Management Ltd.

Hudson Structured Capital Management Ltd. provides discretionary and non‑discretionary investment management principally through pooled investment vehicles and separate or co‑investment accounts, with a primary emphasis on alternative strategies in the re/insurance and transportation sectors. The firm’s offering materials identify a broad investor base that includes institutional investors, pension plans, endowments and fund‑of‑funds, and — unlike many pooled‑vehicle managers — also references high‑net‑worth individuals, insurance company clients, state and municipal government clients and other investment‑adviser clients.

HSCM pursues mezzanine‑level risk/return profiles using investments such as re/insurance contracts, insurance‑linked securities, equipment finance and structured transactions, and it governs portfolios through fund‑specific investment committees and Boards of Advisors. The firm uses structural execution tools including segregated‑account transformers and securitizations, and it routinely allocates opportunities via co‑investments and side‑letter arrangements as described in the brochure.

Distinctive aspects highlighted in the brochure include strategic investor arrangements and affiliated infrastructure: disclosed arrangements with Everest and Eldridge, a historical minority interest by Blackstone (and related restructuring disclosures), and the May 12, 2022 acquisition of Northern Shipping Fund Management assets that expanded its transport platform. HSCM also operates an affiliated transformer vehicle, Bumblebee Re Ltd. (a Bermuda segregated‑accounts special‑purpose insurer commenced June 1, 2020), and the firm’s documents note features—preferential side‑letter arrangements, strategic investor rights and service relationships with insurers and other advisers—that differentiate its client mix and operational model from many peers.