Topwater Capital Partners hired Napier Park Capital Management as subadviser to manage $50 million in a liquid credit strategy, confirmed Bryan D. Borgia, Topwater principal and co-founder, in an e-mail.
Topwater specializes in the design, implementation and management of customized hedge fund-of-funds portfolios for institutional investors, using separate account vehicles for each underlying hedge fund manager, including Napier Park.
Topwater managed $411 million according to its most recent SEC ADV filing. Napier Park manages $6.8 billion for a primarily institutional client base.
