Northill Capital LLP is a limited liability partnership registered in England with registered number OC359666. The term partner is used to refer to a member of Northill Capital LLP. A list of the members of Northill Capital LLP is open for inspection at its registered office, 1 Curzon Street, London, W1J 5HD.
Northill Capital LLP is authorised and regulated by the Financial Conduct Authority.
London, 03 October 2011 – Northill Capital [Northill] is pleased to announce the launch of Goldbridge Capital Partners* [Goldbridge], a newly established European credit asset management company.
The firm has been established by a team of experienced investors led by Gina Germano and Dipankar Shewaram with the financial backing of Northill Capital [Northill], an independent privately held asset management business. With the backing of Northill, Goldbridge will be able to deploy up to $100mln of equity and seed capital from day one.
The Goldbridge team has a strong track record and huge depth of experience of the European distressed, high yield and global credit markets. The team has worked at some of the best known names in the sector, and the launch marks the reformation of one of Europe's most experienced sub-investment grade/distressed teams. The team will include Thomas Naess, Samantha Wessels, Nick Thomson and David Levenson.
The team at Goldbridge believes that the current credit market crisis combined with the need for European banks to de-lever will lead to a significant number of new high yield and distressed investing possibilities as businesses restructure. Goldbridge will seek to profit from the opportunity presented by the refinancing glut. The under-representation of institutional investors in the European sub-investment grade credit market compared to the US, combined with the ongoing regulatory and economic shifts is creating an unprecedented opportunity.
Gina Germano, Founding Partner, Goldbridge Capital Partners LLP, said: "We established Goldbridge with a view that the ongoing development of Europe's credit markets will produce a protracted period of inefficiency. The timing of our launch corresponds with the growing requirement for alternative sources of capital. We believe that the likelihood of a second economic downturn, the fast approaching wall of refinancing against an environment of undercapitalised banks and the enormous capacity for European institutional ownership of sub-investment grade debt offer a rare opportunity for investors. We have assembled the key pillars - teams, capital, specialist products and infrastructure to exploit this opportunity in an impactful way."
Jon Little, Partner, Northill Capital LLP, said:
"This is our largest investment to date as part of our strategy to build a diversified portfolio of asset management businesses to create long-term value.
"Goldbridge has a world class team in place, is well capitalised, free from conflicts and has the capacity to manage billions of dollars of assets from the outset. We are very excited about being part of this emerging story."
*Goldbridge Capital Partners is awaiting FSA authorisation.