Napier Park

We are pleased to announce that Napier Park and First Eagle Investments have released our latest white paper: “Structured Credit: Seeing the Forest for the Trees.” Structured credit has evolved into one of the largest segments of the U.S. fixed income market since its inception just a few decades ago. In this paper, we explore the history, unique characteristics, and the potential benefits and risks of incorporating structured credit into broadly diversified portfolios. To learn more, read here: https://bit.ly/47pRIZx Additionally, check out a brief video from Napier Park’s Managing Director and Portfolio Strategist, Noelle Sisco, CFA, CAIA, where she shares key insights and takeaways from the paper. #StructuredCredit

Napier Park Portfolio Strategist Noelle Sisco, CFA, CAIA will be at Markets Group’s Private Credit Canada tomorrow, where she’ll be speaking on the “Navigating the Future: Key Trends Impacting Structured Credit & Asset Backed Finance” panel. We’re looking forward to a dynamic conversation. 

Jonathan Dorfman, Managing Principal and CIO, joined Credit Exchange to discuss tariffs with Creditflux Managing Editor, Lisa Lee. Amidst a historic week for the markets, they delved into the evolving international trade landscape, shared thoughts on investing during periods of volatility, and much more. Don't miss out on this fascinating discussion - listen to the full podcast episode here: https://lnkd.in/ewyw842P

Napier Park’s Head of Real Estate Debt Strategies Rajesh Agarwal and Managing Director Tim Ruberti shared their latest insights on the opportunities in the real estate debt market. Read "Homing in on Residential Real Estate Debt" in the 2024-2025 edition of Reflections: https://bit.ly/41JBtnZ

This fall, Napier Park has been busy making a difference in our community. Members of our team honored Veterans Day by volunteering with the United War Veterans Council at the NYC Veterans Day Parade and attending the Bob Woodruff Foundation's 18th Annual Stand Up for Heroes Gala. The Gala raised funds to support our nation’s veterans, service members, and their families in building stable and successful futures. In November, Napier Park's employees attended The Ali Forney Center's SERVE 2024 event, which is dedicated to funding the center’s meal programs that directly support LGBTQ+ youth experiencing homelessness and food insecurity. We proudly support The Ali Forney Center and its mission through our Napier Park Giving Fund. Finally, the Napier Park Women’s Network Group hosted its quarterly event, gathering the women of our firm for a night of Bingo and camaraderie. #GivingBack #LifeAtNapierPark

We are pleased to announce that Napier Park's European Credit Strategy has won the award for “Credit - Long-Term Performance (5 Years)” at the With Intelligence HFM European Performance Awards 2024, in recognition for its net performance of 15.2% p.a. over the relevant period.* This recognition marks another milestone for the strategy, now in its 15th year, reaffirming our commitment to long-term value creation for our investors. On behalf of Michael Micko and his team, we extend our gratitude to our investors and partners for your continued trust and support, and we look forward to building on this success in the years ahead. *No fees were paid in connection with either being considered a candidate or winner of any of the awards. Each set of awards has its own evaluation criteria and is typically based on fund performance, Sharpe ratio and in some cases investor testimonials and feedback. Further details concerning the evaluation criteria for any of the awards are available upon request. Period relevant for the 5 year performance award 2024 was July 2019 through June 2024.

Napier Park’s Giving Fund is a proud supporter of Plymouth Housing. The Napier Park Giving Fund is 100% employee-led and funded, and endeavors to partner with organizations that reflect the values and ideals of Napier Park. We thank our colleague, Linda Blakely, for putting forward this important organization. 

Napier Park is delighted to see its European Credit Strategy nominated as finalist in the categories ”Credit - Relative Value over $500m” and “Credit Long-Term Performance (5 Years)” at the With Intelligence HFM European Performance Awards 2024*, a great start to the 15th year of this strategy. Michael Micko Mohammed El Khazzar *No fees were paid in connection with either being considered a candidate or winner of any of the awards. Each set of awards has its own evaluation criteria and is typically based on fund performance, Sharpe ratio and in some cases investor testimonials and feedback. Further details concerning the evaluation criteria for any of the awards are available upon request.

Napier Park’s Chief Investment Officer, Jonathan Dorfman, will be speaking at Institutional Investor's 2nd Annual Allocators’ Choice Roundtable this Thursday, September 12th. Join us for an insightful discussion with Jon on the current state of the credit markets.

Lynher Energy, a joint venture between Napier Park Global Capital and Ethical Power, has signed a corporate PPA with a UK-based FTSE100 company for 100% of the clean electricity generated by the upcoming 27 MW Twitch Hill Solar Park. “This CPPA represents another step in the realisation of our ambition in the renewable energy field,” said Chris Sparrow, a Director of Lynher Energy. “The agreement provides a solid foundation for Lynher Energy to continue to grow our capacity in the near future. Working with a creditworthy FTSE100 company reaffirms our ability to make meaningful contributions to the fight against climate change while providing value for our stakeholders. The agreement also is designed to provide a high level of certainty of cashflows on this investment for years to come.” Lynher Energy will provide clean power to the oftaker under a sleeved physical PPA over a 15-year period. The Twitch Hill Solar Park will be located on a 36-hectare site in Shropshire on unutilised grade 3b land and will include a number of biodiversity measures, such as habitat creation, rewilding, and sheep grazing. Twitch Hill is currently under construction and slated to come online in September 2024. In this agreement, Lynher Energy will commit 100% of the output from the new 27 MW Twitch Hill Solar Park. Construction has already begun on Twitch Hill, which is forecasted to come online in September 2024. Ethical Power has been awarded the contract for engineering, procurement, and construction (EPC), as well as operation and maintenance (O&M) for the Twitch Hill Solar Park. Lynher was advised by Osborne Clarke while the off-taker was advised by Amber Group and EY.  #cleanenergy