NEW YORK–(BUSINESS WIRE)–Napier Park Global Capital (“Napier Park”) today announced that C. Lance Davis, the newest Treasurer of Trinity Industries, Inc. (“Trinity”), will join the company as Managing Director and Member senior of Napier Park’s Real Assets Investment Team.
Jim O’Brien, General Manager of Napier Park, said:We are happy to welcome Lance to Napier Park. We have worked with him for many years to build our industry-leading railcar leasing investments and have great respect for his business acumen, investor focus and integrity. We are delighted that as Napier Park joins First Eagle Investments and leverages the strengths of our combined companies to better serve our limited partners, we have been able to attract a senior executive of Lance’s caliber to our investment strategy. successful in real assets.
Manu Rana, Head of Real Assets Investments, said: “Lance has already been a significant contributor to the success of Napier Park Real Asset investments, having worked as a principal counterparty for us for over a decade. He brings us a rare combination of operating, financing and investing experience. We look forward to working together to continue to grow our core-use industrial, transportation and renewable energy asset investment platform as we seek to provide limited partners with attractive, long-term cash flow and a positive sensitivity to interest rates and inflation.
Lance Davis added:I am delighted to join the team at Napier Park Real Assets after working with them for over ten years at Trinity. I’ve been fortunate to have a 31-year career focused on railcars and transportation assets and helping to build Napier Park Real Assets’ railcar portfolio. I can’t wait to start working with everyone in the company that I know, respect and trust. My experience in car leasing and financing will complement the skills and capabilities of the existing team. Napier Park’s real-asset investment experience across multiple industries and business sectors presents exciting investment opportunities, and I look forward to contributing to these efforts.
Mr. Davis is recognized as a leader in the railcar industry. In his role as Vice President, Finance and Treasurer, Mr. Davis played a key role in establishing Trinity’s third-party railcar maintenance business and worked closely with team members from Real Assets of Napier Park investment since 2010. While at Trinity, Mr. Davis led over $10 billion in corporate and railcar financings and established Trinity as a benchmark issuer in the ABS markets. wagons.
On March 31, 2022, First Eagle Investments announced a definitive agreement to acquire Napier Park Global Capital. The acquisition of Napier Park significantly expands First Eagle’s capabilities in the large and diverse alternative credit market, enabling it to offer its clients exposure to US and European opportunistic credit, US mortgage and consumer lending, US municipal debt and equipment leasing. The acquisition also serves to improve the size and scope of the company’s CLO footprint, including the addition of European CLO management.
About Napier Park
Napier Park is a leading alternative credit manager with approximately $19 billion in assets under management, as of March 31, 2022, across credit funds, CLOs and real assets, primarily in the US and European markets. Napier Park is distinguished by its decades of specialist credit expertise, world-class infrastructure and creativity, delivering effective solutions to a wide range of institutional clients. Napier Park has offices in New York, London and Switzerland. For more information, visit www.napierparkglobal.com.
About First Eagle Investments
First Eagle Investments is an independent, private investment management firm headquartered in New York City with approximately $109 billion in assets under management as of March 31, 2022. Dedicated to providing prudent management of clients’ assets, the firm is focuses on assets, fundamentals and benchmarks. agnostic investing, with a strong focus on downside mitigation. With a heritage dating back to 1864, First Eagle has helped clients avoid permanent capital depreciation and earn attractive returns through widely varying economic cycles – a tradition that is at the heart of its mission today. The firm’s investment capabilities include equities, fixed income, alternative credits and multi-asset strategies. For more information about First Eagle, please visit www.firsteagle.com.