SOURCE: New Stream Capital

August 07, 2008 11:45 ET

New Stream Capital's Assets Under Management Exceed $1 Billion

RIDGEFIELD, CT--(Marketwire - August 7, 2008) - New Stream Capital announced today that its assets under management (AUM) exceeded $1 billion, as of July 31, 2008.

New Stream Capital's firm-wide assets increased to $1.2 billion, including $400 million recently raised for a new institutional debt strategy designed to take advantage of opportunities in the credit markets. The AUM of $1.2 billion also includes more than $100 million raised in 2008 for the existing hedge fund offering, New Stream Secured Capital, LP, which was founded in 2003.

"Based on the confidence of our investors and the steady performance of our portfolios, New Stream Capital has joined the few hundred hedge funds worldwide with assets under management of more than $1 billion," said David Bryson, principal of New Stream Capital. "More importantly, we continue to deliver steady returns against the backdrop of the most challenging investment climate in recent memory. This strong, non-correlated performance reflects the attractive risk-reward profile of New Stream Capital's stronghold -- fully secured, collateralized loans to small and middle-market companies."

Bryson continued: "Over the next year, we see significant opportunities for the deployment of capital based on New Stream's investment philosophy. We are particularly optimistic about direct commercial lending opportunities that have developed as traditional lenders and banks have pulled back."

Middle-market lending in the US has fallen 54 percent year-over-year as of the second quarter of 2008, according to a Reuters quarterly middle market survey. The survey also found that corporate middle market lending for mergers and acquisitions fell 70 percent according to the same survey.

About New Stream Capital

Formed in 2002, New Stream Capital is a private investment firm managing more than $1 billion in assets for institutions in the US, Europe and Asia. The firm focuses primarily on fully secured, collateralized loans to small and middle-market companies. These direct investments offer customized structured finance solutions for growth capital, working capital, acquisition, project finance, and other specialty finance opportunities. New Stream Capital employs 65 people across its offices in Connecticut, New York, Dallas, and Geneva, Switzerland. More information is available at www.newstreamcapital.com

Contact Information

  • Media Contact:

    Lev Janashvili
    Waggener Edstrom Worldwide
    212 844 9290
    Email Contact