Harvest Alternative Investments Launches Structured Credit Fund

Jun 13 2012 | 7:00am ET

Hong Kong-based Harvest Alternative Investments Group has created a structured credit management fund to focus on investing in high yielding, cash flow generative investments across Asia.

The investment team for the new vehicle, Harvest Northstone Capital, is led by managing partner, Gregory Park, who was formerly the head of securitized products Asia for Deutsche Bank. He is joined by partner Chris Werner who was previously Standard Chartered Bank's regional head for Northeast Asia consumer banking. Additional partners include Carol Lee, a private equity veteran who was formerly with JP Morgan, Merrill Lynch and Henderson Global Investors in Asia, and Tor Trivers, an asset-based lending professional who joins from Natixis.

Harvest Northstone Capital will focus on high yielding asset backed mezzanine investments supported by Asian consumer, SME and corporate assets. Investments will generally be privately sourced and structured.

“Asia Pacific has the fastest growing number of middle class consumers in the world. Consumer spending in Asian markets is expected to triple to almost US$15 trillion by 2020 representing more than 40% of global spending. With rising incomes and consumption patterns, consumers’ and businesses’ borrowing will accelerate strongly and generate prime asset collateral pools,” explained Werner. “Harvest Northstone Capital is well positioned to take advantage of this growth trend.”

“We are excited about adding unique capabilities in the Asian credit space which we feel has been underrepresented by the asset management community,” said Lindsay Wright, CEO of Harvest Alternative Investment Group.


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