Hunt Capital Acquires Peak 8 Asset Management

The company calls the deal a strategic investment in the alternative fixed income market, Peak 8’s specialty.

Commercial real estate and infrastructure investment firm Hunt Capital Holdings has acquired Peak 8 Asset Management, of Greenwich, Conn.

Peak 8’s investment professionals, including its president, David Moran, will remain with the firm.

Peak 8 is an asset management firm specializing in alternative fixed-income investments and illiquid asset classes. It provides investment advisory services to institutional clients and as of year-end 2018 had assets under management of about $600 million.

Over the past 15 years, the firm’s investment team reportedly has deployed more than $4 billion of capital at a previous investment platform.

This acquisition was good for Hunt, as we and Peak 8 have similar investment styles and approaches to risk. This transaction further advances our long-term strategy of growing our fixed income and related businesses, particularly in the insurance space, a sector in which the Peak 8 professionals have deep experience,” Chris Hunt, CEO of Hunt Capital Holdings, said in a prepared statement.

Peak 8 will complement Hunt’s existing asset management platform and … together we will utilize our shared resources and investment styles to grow both of our businesses,” added David Moran, president of Peak 8.

Alternative investments, indeed

Among numerous other fixed-income asset classes that it has handled in the past (including various kinds of royalties and receivables, structured settlements, subprime auto loans, and tax liens), Peak 8 lists “Emerging Markets Real Estate.”

As of press time, neither Hunt nor Peak 8 had replied to Commercial Property Executive’s requests for additional information.

Financials on the deal were not disclosed.

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