Hayfin Capital Management

What Hayfin Capital Management does

Hayfin Capital Management is a London-headquartered European alternative asset management platform founded in 2009 by Tim Flynn and Mark Tognolini to fill the post-financial-crisis funding gap for non-investment grade middle-market borrowers. The firm provides debt, equity, and hybrid capital solutions across the entire capital structure — from senior-secured direct lending through stressed/distressed special situations — to both sponsor-backed and non-sponsor middle and upper mid-market companies across Europe, the US, and increasingly Asia. As of December 2025, Hayfin manages approximately €38 billion in assets under management across 13 global offices (London headquarters plus Chicago, New York, San Diego, Dubai, Frankfurt, Munich, Luxembourg, Madrid, Milan, Paris, Stockholm, and Tokyo) and 248 employees, having invested over €55 billion in capital through 500+ companies since inception.

The platform is organized across four strategy pillars: Private Credit (Direct Lending, Special Opportunities, Tactical Solutions, plus sector-specialized Healthcare and Maritime sub-strategies), Liquid Credit (High-Yield & Syndicated Loans and a European and US CLO platform with €7.1bn+ AUM), Private Equity Solutions (single-asset GP-led secondaries, continuation vehicles, and minority recaps), and Real Assets (Maritime via the in-house Greenheart Management ship-management team). Operational differentiation rests on a 15-person in-house Execution and Workouts legal team, a 100% consensus investment committee, and local origination networks built over 15+ years across each European market plus growing transatlantic and Asian capabilities.

The firm generates revenue through three primary streams: recurring management fees on AUM across its private credit, liquid credit, and PE solutions strategies; performance fees and carried interest from successful investment outcomes; and direct lending interest income on senior-secured, floating-rate loans. Distribution is direct and institutional — pension funds, sovereign wealth funds, insurance companies, endowments, financial institutions, and family offices — with no intermediary channel. Following a 2024 Arctos Partners-backed management buyout (acquiring BCI's majority stake) and 2025 minority investments from Mubadala, AXA IM Prime, and Samsung Life Insurance, Hayfin is positioned as a privately held, multi-strategy European credit platform with growing global ambitions.

Name

Hayfin Capital Management

Legal name

Hayfin Capital Management LLP

Website

https://hayfin.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Hayfin Capital Management is a London-headquartered European alternative asset manager founded in 2009 that provides debt, equity, and hybrid capital solutions to non-investment grade middle-market companies across Europe, the US, and Asia, managing approximately €38 billion in AUM across 13 global offices.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Other Financial Vehicles (52599)

SIC

Miscellaneous Business Credit Institution (6159), Asset-Backed Securities (6189)

akta.pro primary industry

Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)

Keywords

• Private credit solutions
• Alternative asset management
• Direct lending strategies
• Collateralized loan obligations
• Private equity secondaries

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Management Fees: Asset management fees charged on assets under management across private credit, liquid credit, and private equity solutions strategies
2. Performance Fees / Carried Interest: Performance-related fees from successful investment outcomes across fund strategies
3. Direct Lending Income: Interest income from senior-secured, floating-rate loans to middle and upper mid-market companies through direct lending strategy

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Hayfin Capital Management is a London-based alternative asset management firm that originates, structures, and invests across private credit, liquid credit, private equity solutions, and real assets strategies for European, US and increasingly Asian markets. The firm provides senior-secured direct lending, special opportunities, tactical solutions, healthcare and maritime credit, high-yield and syndicated loans, CLOs, and PE secondaries to non-investment grade borrowers and real asset owners, raising capital from institutional investors such as pension funds, sovereign wealth funds, insurance companies, endowments, and family offices.

Product overview

Hayfin Capital Management is Europe's leading alternative asset management platform providing critical debt, equity and hybrid capital solutions. The firm operates across multiple investment strategies organized under Private Credit (Direct Lending, Special Opportunities, Tactical Solutions, Healthcare, Maritime verticals), Liquid Credit (High-Yield & Syndicated Loans, CLOs), and Private Equity Solutions. As of December 2025, Hayfin manages approximately €38 billion in assets across 13 global offices spanning Europe, the US, and Asia.

Differentiator

Problem solved

Functional benefit

Brands

• Greenheart Management: In-house physical ship-management team providing commercial, operational, and technical shipping oversight for Hayfin's maritime investments

Products and services

• Direct Lending Direct lending strategy that originates, structures, and invests in performing senior-secured, floating-rate loans to middle and upper mid-market companies, focusing on robust cash flow or asset coverage. Over €23 billion has been deployed through the direct lending strategy since inception, serving non-investment grade corporate borrowers across Europe and the US.
• Special Opportunities Broad mandate strategy leveraging direct origination and secondary purchases of illiquid assets to find attractive deployment across asset classes and market niches, including stressed and distressed situations. Designed for non-investment grade borrowers requiring capital across the credit cycle.
• Tactical Solutions Flexible financing strategy providing solutions for gaps in capital supply between Direct Lending and Special Opportunities, spanning direct loans, credit acquired in secondary markets, and hybrid equity investments. Targets European mid-market companies requiring bespoke capital structures.
• Healthcare Private Credit Healthcare vertical sub-strategy focused on a wide range of sub-sectors and credit classes, providing customised capital solutions for commercial-stage healthcare businesses across hybrid debt and equity financings. Serves companies requiring growth capital, intellectual property protection support, and regulatory navigation assistance.
• Maritime Real Assets Maritime strategy investing across all liquid mainstream shipping sub-sectors and floating infrastructure, with a diversified real-asset portfolio across uncorrelated markets generating long-term stable income. Provides vessel acquisition financing, working capital, and fleet expansion capital to shipping companies across commodity supply chains.
• High-Yield & Syndicated Loans Pan-European credit strategy acquiring bonds and loans in the over-the-counter market, with focus on downside protection through first lien loans in defensive sectors. Combines deep credit research and syndicated market experience for a total return approach.
• Collateralised Loan Obligations (CLO) Leading European and North American CLO platform with detailed credit selection process based on broad research, specific sector coverage, strong market performance, and localised due diligence. Global CLO Platform holds more than €7.1 billion in AUM as of 31 December 2025, with six reset transactions completed in 2025 including the €400m Hayfin Emerald IX.
• Private Equity Solutions Active investor in private equity secondaries acquiring equity exposure to European mid-market companies via single-asset GP-led solutions, including continuation vehicles, transformational M&A financings, and minority recapitalisations. Recent transactions include a €155 million Healthcare Continuation Vehicle for Health in Code.

Quantifiable outcome

• Deployed over €23 billion through direct lending since inception
• +3 more outcomes

Named customers8 records

Segments8 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered advisory, key and operational.

• GreensledgeadvisoryStrategic or Co-development Partner · 18 May 2026Hayfin appointed Greensledge as advisor to explore options for its US CLO business representing €1.4 billion of assets under management.
• Alantra Private EquitykeyStrategic or Co-development Partner · 24 February 2026Hayfin served as lead investor in a €155 million healthcare continuation vehicle established by Alantra Private Equity to support Health in Code's next growth phase.
• Greenheart ManagementoperationalTechnology or IntegrationHayfin's maritime team partners with Greenheart Management, an in-house physical ship-management team providing holistic services across commercial, operational, and technical shipping oversight.

Scale indicators10 records

Recent moves14 records

Expansion highlights6 records

Direct peers

• Ares Management Corporation: Ares is one of the world's largest alternative asset managers with a leading direct lending and private credit franchise. Highly comparable to Hayfin in its focus on direct lending, special situations, and CLOs serving middle-market borrowers, but at materially greater scale globally.
• Intermediate Capital Group (ICG): ICG is a London-listed European alternative asset manager specializing in direct lending, mezzanine, and private equity secondaries. It is the most direct European mid-market direct lending peer to Hayfin, operating in the same geographies and borrower segments.
• Blue Owl Capital: Blue Owl is a US-listed alternative asset manager focused on direct lending and private credit; explicitly named in Hayfin's co-lender network (e.g., Netceed transaction). It is a direct competitor in the European and US mid-market lending markets.
• Pemberton Asset Management: Pemberton is a European direct lending manager explicitly named alongside Hayfin as a competitor in the European mid-market segment. Both firms focus on sponsor-backed direct lending to European companies, and they have co-invested in deals like Netceed.
• HPS Investment Partners: HPS (now part of BNP Paribas-affiliated platform) is a major global private credit manager with a large direct lending franchise. It is a direct competitor to Hayfin in European and US direct lending, leveraged finance, and CLOs.
• AlbaCore Capital: AlbaCore is a European private credit manager focused on direct lending and special situations in the European mid-market, explicitly positioned as a Hayfin peer in the alternative-credit landscape serving similar sponsors and borrowers.

Broad incumbents

• Apollo Global Management: Apollo is a global alternative asset manager with a large direct lending and private credit franchise (Athene/Atlas SP). Competes with Hayfin in European mid-market lending and shares the CLO market, while offering a much broader product suite including insurance balance sheet management.
• Blackstone Credit: Blackstone Credit is one of the largest private credit managers globally and a direct competitor in European direct lending and CLOs. It dwarfs Hayfin in AUM and competes for the same PE-sponsored and corporate borrowers.
• Carlyle Group: Carlyle is a global alternative asset manager with a substantial Global Credit segment. It is named as a Hayfin co-lender on the €1.02bn Ottobock PIK facility, indicating overlap in large European sponsor-backed deals, while operating a much broader product range.
• KKR Credit: KKR is a global alternative manager with a large Credit segment that competes with Hayfin in European and US direct lending, leveraged finance, and CLOs. Named as a co-lender on the Ottobock PIK facility alongside Hayfin.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/hayfincapital

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments21 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hayfin Capital Management