Belstar Group, a private investment firm specializing in alternative investment strategies, closed Belstar Credit Fund and Belstar SJ Credit Fund. The combined Funds closed with over $280 million.
First launched in March 2009, these funds have participated in both the ABS and CMBS portions of the Term Asset-Backed Securities Loan Facility (TALF). They are designed to achieve attractive returns by investing in a portfolio of highly rated ABS and CMBS eligible under the TALF program.
Simina Farcasiu, a managing partner of the Belstar Group, is the senior portfolio manager for the funds. She has over 20 years of fixed-income and structured product experience, having held senior positions at JPMorgan Asset Management and Bear Stearns.
Farcasiu works with Jeffrey Moses, a partner of the Belstar Group and director of research and analytics at the firm. Moses was formerly a managing director at HSBC Securities responsible for the Americas securitization business.
“We are pleased that we exceeded our target of $250 million for the funds,” said Daniel Yun, founder and chief executive of Belstar Group.
