HN Co. participates in the area of specialty-finance mainly through the investment into Business Development Corporations (BDC’s). Like with MLP’s and REIT’s, BDC’s offer the opportunity to participate in numerous areas of specialty-finance and alternative equity, while retaining the benefits of being a liquid investment. Liquidity is a characteristic of investment that HN Co. greatly values and is careful to weigh the consequences of potentially sacrificing it when weighing opportunities.
Outside of our activity in the public sector, HN Co. will consider investment and offer advisory services into opportunities that reside in the private sector. HN Co. has spent much time in the past with respect to small and medium sized, privately held businesses, mainly in the manufacturing space. At times, HN Co. has found additional value with these private opportunities, in the form of being able to invest in and syndicate the real estate as well.
HN Co. also holds a large private equity interest, within the scope of specialty-finance, which seeks to offer funding solutions for residential home-improvements. This particular placement has greatly benefited from the undue regulation which has been put towards traditional lenders having the ability to finance common, home-improvements. One of the aids of further deregulation in the financial industry which has taken place recently, is that this private placement is beginning to further draw interest from traditional, bank holding companies, who have otherwise been unable to access this alternative financing space for the last number of years.
HN Co. is pleased to discuss in private with individuals and investment firms, our placements within the specialty-finance and private equity space. As well as offer advisory services with respect to these sectors.