Hudson Structured Capital Management Ltd.
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 282919
· SEC file 801-107314
· Stamford, CT
· WWW.HSCM.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $4.0B
- Discretionary
- $3.3B
- Clients
- 33
- Avg AUM / client
- $122M
- Accounts
- 45
- Employees
- 38
AUM over time
$250M
$4.0B
Jun 2016
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | Fewer than 5 clients | $2.7M | 0.07% |
| Pooled investment vehicles (non-investment companies) | 33 | $3.2B | 80.1% |
| State or municipal government entities | Fewer than 5 clients | $296K | 0.01% |
| Other investment advisers | Fewer than 5 clients | $213M | 5.28% |
| Insurance companies | Fewer than 5 clients | $465M | 11.5% |
| Corporations and other businesses | Fewer than 5 clients | $118M | 2.93% |
| Other | Fewer than 5 clients | $1.1M | 0.03% |
Private funds (19)
View all →Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $3.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Hscm Bermuda Fund Ltd | Other Private Fund | Bermuda | $951M | 87 |
| Northern Shipping Fund Iv Lp | Private Equity Fund | Delaware | $635M | 20 |
| Hs Santanoni Lp master | Other Private Fund | Bermuda | $519M | 1 |
| Hs Opalescent Lp master | Other Private Fund | Bermuda | $327M | 3 |
| Hs Mohawk Fund I Lp | Private Equity Fund | Delaware | $229M | 44 |
| Hscm Ventures Fund 2 Lp | Other Private Fund | Bermuda | $207M | 74 |
| Hscm Bermuda Insurtech Fund Lp | Other Private Fund | Bermuda | $62.2M | 17 |
| Hscm Bermuda Fund Ii Lp master | Other Private Fund | Bermuda | $50.0M | 1 |
| Hscm Bermuda Alt Cat (2020) Fund | Other Private Fund | Bermuda | $18.8M | 13 |
| Hscm Bermuda Alt Cat (2021) Fund | Other Private Fund | Bermuda | $3.4M | 13 |
| Hscm Bermuda Alt Cat (2022) Fund | Other Private Fund | Bermuda | $1.1M | 9 |
| Hscm F1 Master Fund Ltd master | Other Private Fund | Bermuda | $478K | 1 |
| Hudson Transport Real Asset Master Fund Lp master | Other Private Fund | Delaware | $332K | 28 |
| Hscm Bermuda Alt Cat Fund Ltd. | Other Private Fund | Bermuda | $198K | 12 |
| Hscm Bermuda Special Opportunities Fund Ltd. | Other Private Fund | Bermuda | $56.7K | 20 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Andrews, David, Stafford | Managing Partner, Transport; Director | Jan 2016 (11y) | Less than 5% | |
| Millette, Michael, John | Chairman, Managing Partner, Director | Jan 2016 (11y) | ≈ 37.5% – 75% via Hudson Structured Capital Management Lp | |
| Opoku, Bernard | Chief Financial Officer | Oct 2023 (3y) | Less than 5% | |
| Sangster, Jeffrey, Dean | Partner, Chief Operating Officer And Interim Chief Compliance Officer | Oct 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Hudson Structured Capital Management Lp | Shareholder | Jan 2016 | A | 75% or more |
| Hscm Gp Llc | Shareholder | Jan 2016 | A | Less than 5% |
| Hscm Gp Llc | General Partner | Jan 2016 | B | GP / trustee / elected manager of Hudson Structured Capital Management Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Millette, Michael, John: 50% – 75% of Hudson Structured Capital Management Lp × 75% – 100% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (19, $3.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Hscm Bermuda Fund Ltd | Other Private Fund | $951M | $1.0M | 87 |
| Northern Shipping Fund Iv Lp | Private Equity Fund | $635M | $5.0M | 20 |
| Hs Santanoni Lp | Other Private Fund | $519M | $200M | 1 |
| Hs Opalescent Lp | Other Private Fund | $327M | $1.0M | 3 |
| Hs Mohawk Fund I Lp | Private Equity Fund | $229M | $0 | 44 |
| Hscm Ventures Fund 2 Lp | Other Private Fund | $207M | $1.0M | 74 |
| Hscm Bermuda Insurtech Fund Lp | Other Private Fund | $62.2M | $5.0M | 17 |
| Hscm Bermuda Fund Ii Lp | Other Private Fund | $50.0M | $5.0M | 1 |
| Hscm Bermuda Alt Cat (2020) Fund | Other Private Fund | $18.8M | $1.0M | 13 |
| Hscm Bermuda Alt Cat (2021) Fund | Other Private Fund | $3.4M | $1.0M | 13 |
| Hscm Bermuda Alt Cat (2022) Fund | Other Private Fund | $1.1M | $1.0M | 9 |
| Hscm F1 Master Fund Ltd | Other Private Fund | $478K | $1.0M | 1 |
| Hudson Transport Real Asset Master Fund Lp | Other Private Fund | $332K | $1.0M | 28 |
| Hscm Bermuda Alt Cat Fund Ltd. | Other Private Fund | $198K | $1.0M | 12 |
| Hscm Bermuda Special Opportunities Fund Ltd. | Other Private Fund | $56.7K | $1.0M | 20 |
| Hudson Transport Loanco Lp | Other Private Fund | $3.3K | $1.0M | 2 |
| Hs Maritime Co Fund Lp | Other Private Fund | $0 | $0 | 0 |
| Hs Maritime Co Fund Ii Lp | Other Private Fund | $0 | $1.0M | 11 |
| Hudson Northern Shipping Fund V Lp | Private Equity Fund | $0 | $5.0M | 9 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 4.72 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗