Hudson Cove Capital Management, LLC is a U.S. SEC registered minority-owned credit manager focused on asset-based finance, asset-backed securities and mortgage-backed securities.
Noted for our prudent approach, our principals have decades of proven experience investing in asset-based loans (ABL), asset-backed securities (ABS) and mortgage-backed securities (MBS) as we believe that public and private structured credit markets mature at different points of the credit cycle and are complementary for generating consistent returns over multi-year periods.
This public and private structured credit specialization across multiple sectors enables Hudson Cove to seek to generate attractive and competitive absolute returns that are generally uncorrelated to the broader fixed income and equity markets.
Private credit opportunities in middle-market specialty finance lending.
Public structured credit products across consumer and commercial finance sectors.
Residential and commercial mortgage-backed investment opportunities.
Hudson Cove Capital Management, LLC ("Hudson Cove" or "The firm") was founded in 2009 by David Wu and Fred Wang, who have decades of combined experience in direct principal investments at Merrill Lynch and Goldman Sachs in structured credit. The core investment team has worked closely together in structured credit for over 15 years.
The Firm started as a family office initially in 2009, with substantial committed internal capital. After proving the concept of investing in ABL, ABS and MBS, Hudson Cove accepted outside capital for the first time in 2017 via reverse inquiry.
The Firm's investor base is comprised of Sovereign Wealth Funds, US and foreign pensions, endowments & foundations, healthcare plans, family offices, wealth advisory firms, qualified high net worth individuals and investment consultants. Our founder has invested a significant amount of his personal and family wealth into the Firm and today internal capital comprises over half of the firm's AUM providing strong alignment of interest with investors.
Hudson Cove employs 13 people and is headquartered in Jersey City, New Jersey.
A rigorous, analytical approach to preserving capital and delivering attractive risk-adjusted returns.
Hudson Cove invests primarily in ABL, ABS and MBS opportunities where we believe the underlying assets and investment structures offer long-term capital preservation and our structuring capabilities enable us to create significant alpha.
Invest in debt with collateral behind it – ABL, ABS and MBS – in a specialized portfolio dynamically managed to preserve capital in various markets. The Fund invests in the lower to middle market where fewer competitors and limited access to capital enable the Fund to invest in attractive assets at competitive pricing and execute quickly to capture opportunity.
Through rigorous evaluation of credits, operators, and underlying collateral the Fund can quickly hone in on the most promising investments. We structure transactions to optimize the potential for attractive risk-adjusted returns generally uncorrelated to most traditional debt and equity investments. The rigorous analytical processes and deep understanding of the assets, industry, cash flows and collateral are the key return drivers.
Understand each asset in detail – the operator, the business and the contours of each deal – so our investment team can effectively structure each transaction to maximize upside potential while mitigating downside risks.
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