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Alternative Assets  + Latest News  + Private Debt  + Real Estate  |  February 15, 2023
Hyland Hill Investment Partners Closes $250M Debut Private Credit Fund
Joe Palmisano
By: Joe Palmisano

Hyland Hill Investment Partners Closes $250M Debut Private Credit Fund

Alternative credit firm Hyland Hill Investment Partners closed its inaugural fund – Hyland Hill Fund I – at $250 million. The fund will invest in undervalued opportunities in private credit and adjacent asset classes, including real estate owned by lenders, operating businesses that are adjacent to private credit and joint ventures investing in private credit.

The fund’s opportunistic mandate and investment process aims to allow Hyland Hill to provide recovery capital to borrowers as well as acquire loans across both the business and household sectors. The firm also intends to originate recovery loans secured by commercial real estate.

Minneapolis, MN-based Hyland Hill was founded by former executives at private credit firm Värde Partners Jason Spaeth, CEO and CIO, Jeff Thuringer, Partner & Head of Business Loan Investments and Chris Giles, Partner & Head of Business Loan Investments.

“We estimate that the U.S. loan market is between $15-20 trillion in size and growing, and believe we are well positioned to become a financing solution of choice in an attractive segment of the market often under-trafficked by other investors,” said Jason Spaeth, CEO and CIO of Hyland Hill.

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Hyland Hill Investment Partners

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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