Napier Park has received a managed account allocation from an investment fund managed by Topwater Capital, a division of Leucadia Asset Management.
The allocation was made to Napier Park’s strategic credit strategy managed by Ram Putcha, who has more than 30 years of experience in leading credit strategies for large multi-strategy hedge funds and alternative asset management divisions prior to joining Napier Park.
Travis Taylor, who co-heads Topwater Capital with Bryan Borgia, says: “We are extremely pleased to have added the Napier Park strategic credit strategy to our portfolio. We have tremendous respect for Napier Park as an alternative investment firm and Ram Putcha as a portfolio manager. We look forward to building a profitable, long-term relationship together.”
“Our relationship with Topwater Capital is an example of Napier Park’s commitment to providing clients with innovate, bespoke investment solutions,” says Napier Park co-Managing Partner Jim O’Brien. “We are pleased that Topwater has decided to allocate funds to a Napier Park managed account and we look forward to working together.”