Last updated: 19:06 / Sunday, 1 March 2015
Amherst Capital Management

BNY Mellon IM, Standish and Amherst Announce Formation of Real Estate Credit Management Platform

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BNY Mellon IM, Standish and Amherst Announce Formation of Real Estate Credit Management Platform
  • ACaM is being launched as a majority-owned subsidiary of Standish, BNY Mellon's fixed income focused investment boutique
  • Texas Treasury Safekeeping Trust Company Makes Capital Commitment to Investment Platform

BNY Mellon Investment Managementannounced that it has partnered with Amherst Holdings, LLC, a leading financial services provider to institutional investors in the mortgage and structured finance sectors, to launch Amherst Capital ManagementLLC (ACaM), a real estate credit investment management platform that will offer a wide range of both traditional and alternative strategies. BNY Mellon and Texas Treasury Safekeeping Trust Company (Texas Trust) have made significant capital commitments to the platform.

ACaMis being launched as a majority-owned subsidiary of Standish, BNY Mellon's fixed income focused investment boutique, and will be co-owned by Amherst Holdings. ACaM will utilize Amherst's proprietary data, analytics and market insight, giving the platform a unique perspective on the fundamental elements driving asset performance. As a result, Standish will be able to leverage ACaM's significant real estate and mortgage expertise and proprietary analytics to support its multi-sector investment strategies. ACaM will initially be focused on direct lending opportunities, with plans to launch additional strategies in the future.

Sean Dobson, a seasoned veteran of the real estate finance markets will serve as CEO of ACaM. Upon completion of the transaction, Amherst Holdings will continue to operate subsidiaries specializing in mortgage and residential real estate assets.

The addition of ACaM is a natural complement to BNY Mellon Investment Management's broader array of global real estate investment solutions currently offered by its CenterSquare, Insight, Siguler Guff[i] and Alcentra investment boutiques.

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About Amherst Holdings
For over 20 years, the Amherst companies have provided institutional investors with a suite of financial services related to the U.S. mortgage markets and securitized products and were one of the few residential mortgage specialists to anticipate the 2008 mortgage crisis. Amherst's extensive data resources and proprietary analytical tools have been key drivers for positioning the firm as a market leader in the areas of behavioral economics and real estate lending risk analysis. Amherst Holdings is majority employee-owned and has 547 associates around the globe.

About Standish
Standish Mellon Asset Management Company LLC, with approximately $166.7 billion of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. Standish also offers full service capabilities in insurance client strategies and liability driven investing. The firm includes assets managed byStandish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon and Alcentra NY, LLC personnel acting as dual officers of Standish. Standish, Dreyfus and The Bank of New York Mellon are affiliated subsidiaries of BNY Mellon.

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