Private Credit Firm Hyland Hill Raises Fund for Consumer Debt

Alternative credit firm Hyland Hill Investment Partners has raised a $250 million opportunistic private credit fund to buy loans ranging from mortgages to consumer credit, while the asset backed securities market remains expensive.

The Hyland Hill Fund I, which closed in January, will invest in a wide range of loans including small business debt, commercial and industrial loans, and commercial real estate debt — backed by hotels, offices and neighborhood retail — according to a statement seen by Bloomberg. It will also buy consumer loans such as credit card, auto or residential mortgages including home equity lines of credit.

The ...