Bayview Asset Management, an investment management firm with a 30-year history investing across asset-based credit markets, announced the launch of the firm’s Fund Finance investment business.
Industry veterans Michael Timms and Colin Doherty have “joined Bayview to serve as co-heads of the newly created strategy.”
Together, Timms and Doherty will focus on building out Bayview’s Fund Finance investment capabilities and “expanding Bayview’s Asset Based Finance (ABF) offerings, an expanding market within private credit.”
Nancy Mueller Handal, Chief Investment Officer of Bayview’s Insurance Asset Management division said:
“Michael and Colin represent the best and brightest in the Fund Finance industry, bringing a wealth of experience and a proven track record that will be instrumental in our continued growth and success. Their expertise and leadership will be crucial as we build out our platform to meet the evolving needs of our clients.”
Michael Timms, Managing Director, Co-Head of Fund Finance said:
“I look forward to leveraging my experience in structuring and executing complex liquidity solutions for owners of alternative assets to help further expand Bayview’s industry-leading position in structured credit.”
Colin Doherty, Managing Director, Co-Head of Fund Finance said:
“I am excited about the opportunity to collaborate with Michael and enhance our ABF platform by building on Bayview’s strong foundation in Fund Finance. Bayview’s dynamic platform provides the ideal opportunity to utilize my experience, and I look forward to leveraging our strengths to deliver exceptional value to our investors.”
Timms joins Bayview following a career “in U.S. alternative investments, most recently serving as a Managing Director at 17Capital, where he helped lead the firm’s U.S. investment business.”
In this role, he led the origination and “execution of an array of preferred equity and NAV loan investments with U.S. based alternative asset managers and funds.”
Prior to his tenure at 17Capital, Timms held key roles “at Wells Fargo Securities, helping build a Fund Finance lending business over an 8-year period.”
Doherty joins Bayview after a decade at J.P. Morgan, “where he was a key member of the Structured Equity Financing group within the firm’s CIB Markets trading division.”
Throughout his tenure, he played a central role in the expansion of the group’s Fund Financing capabilities and “held several leadership positions, most recently as the U.S. Head of Private Equity Secondaries and previously as the Global Head of Risk Recycling.”
Before joining J.P. Morgan, Colin worked “in a similar capacity at UBS.”
As noted in the update, Bayview is a global alternative investment firm that provides flexible capital solutions “for its partners while producing attractive risk-adjusted returns for its clients.”
Bayview’s investment platform benefits from “connectivity to Bayview’s affiliated origination and servicing businesses, which provide market insights, data and analytics, and differentiated sourcing capabilities.”
This allows Bayview to invest through market cycles “across the credit landscape, with a focus on residential, consumer, and commercial credit, including whole loans, credit risk transfer transactions, structured products, and mortgage servicing rights.”
Bayview had approximately $20 billion in assets under management “as of December 31, 2024, with operations across North America and Europe.”