Newmarket is a global asset manager specialized in bank SRT transactions. Our investments extends across global regions and sectors.
Assets Under Management
Track Record of Historical Investments
Track Record Fund Performance
We invest in innovative balance sheet solutions at scale, taking exposure to specialized credit assets through custom risk-transfer structures alongside the world’s largest financial institutions.
We aim to establish new markets and apply our skills to new areas of investment opportunity. Our creative professionals have completed several first-of-their-kind transactions.
Impact is at the top of our agenda. We employ structured finance to improve environmental and societal outcomes and build portfolios with green and pro-social assets, catalyzing billions in fresh lending.
Power (Renewable)
$7.2 Billion
Transportation
$5.1 Billion
Telecom & Media
$3.8 Billion
Social Infrasructure
$3.2 Billion
Water & Utilities
3.2 Billion
Shipping
$3.2 Billion
Our investments focus on providing consistent returns through investing in robust sectors that have showed strong performance uncorrelated to economic downturns.
Meet Our Executive Team
Andrew Hohns, PhD.
Molly Whitehouse
Aaron Barnes
Steve Ezzes
Thierry Adant
Jeffrey Schellenger
Founder & CEO
Andrew Hohns, PhD.
Dr. Hohns founded Newmarket in 2020 with the buy-out of the IIFC strategy platform, which he and his colleagues launched in 2012 with Mariner Investment Group. He has served on the Investment Committees for IIFC I, IIFC II, IIFC III, and IIFC IV since inception. Since the establishment of IIFC, Dr. Hohns has overseen transaction structuring and negotiation for approximately $40 billion of notional risk transfer. He has been a regular speaker at various industry conferences, with special expertise in topics related to infrastructure, securitization, socially responsible investment, impact investment, and development finance. Prior to joining Mariner, Dr. Hohns was a Managing Director at Cohen & Company, which he joined at its inception in 2001. While at Cohen & Company, Institutional Investor named Dr. Hohns as a member of its 2008 “20 Rising Stars of Fixed Income.” Additionally, Dr. Hohns served as an Adjunct Assistant Professor at New York University’s Stern School of Business from 2012 to 2015. Dr. Hohns holds a BS in Economics from the Wharton School at the University of Pennsylvania, a Masters in Liberal Arts from the School of Arts and Sciences at the University of Pennsylvania, and a PhD in Applied Economics and Managerial Sciences from the Wharton School at the University of Pennsylvania. Dr. Hohns serves as a member of the Board of Directors of FTAC Emerald Acquisition Corp. He is also a member of the Board of Directors and Investment Committee of Battery Finance Inc., an affiliate of Newmarket, where since its founding, he has served as President. Dr. Hohns also is a member of the Board of Directors of UNICEF USA.
Managing Director
Molly Whitehouse
Ms. Whitehouse is a Managing Director and founding member of Newmarket Capital. She is also the Lead Portfolio Manager for Newmarket’s credit risk sharing investments. Her primary responsibilities are the origination, structuring, and management of investments. Prior to founding Newmarket, Ms. Whitehouse served as a Director at Mariner Investment Group. She has led the origination and structuring for multiple SRT investments, and is a frequent speaker at various industry conferences. Prior to joining Mariner, Ms. Whitehouse served as an Analyst at Cohen & Company and completed the White House Internship Program. In 2019, Private Debt Investor named Ms. Whitehouse one of its “Rising Stars.” Ms. Whitehouse earned her BA in Political Science with Honors from Yale University in 2011 and her Masters of Liberal Arts with a focus in Sustainable Development from the University of Pennsylvania in 2018. Building on her professional experience, her master’s thesis explored capital management practices at multilateral development banks.
Senior Managing Director
Aaron Barnes
Mr. Barnes serves as Senior Managing Director and is a founding member of Newmarket. In addition to contributing to investment origination, analysis, and portfolio management, Mr. Barnes’s primary responsibilities relate to leading the firm’s operations. Mr. Barnes also serves as a member of the IIFC IV Investment Committee. Prior to founding Newmarket, Mr. Barnes served as Managing Director at Mariner Investment Group, which he joined in 2012 to launch the IIFC strategy. Prior to Mariner, Mr. Barnes served as Vice President of Project Finance and Legal at Tangent, a behind-the-meter renewable energy generation development company, as Managing Director at TowPath Renewable Ventures, where he was responsible for renewable energy loan origination and structuring, and as Senior Business Developer with PPM Energy, where he led the Company’s wind power development activities in New England. Additionally, Mr. Barnes was an attorney with Freshfields, Bruckhaus, Deringer, and Senior Corporate Counsel at CMS Energy UK, Ltd., where he concentrated on the structuring and financing of power and transportation infrastructure projects in Eastern Europe, West and South Africa, and the Middle East. Earlier in his career, Mr. Barnes was Assistant Vice President in ABN AMRO’s Structured Trade Finance Group, where he was responsible for arranging bi-lateral and multi-lateral institutional-backed senior project finance loans associated with power and petrochemicals projects in Latin America and South Asia. Mr. Barnes holds a BBA in Finance from Howard University and a JD from the Georgetown University Law Center.
email:barnes@newmarketcapital.com
phone:207-318-4655
Managing Director
Steve Ezzes
Mr. Ezzes serves as a Managing Director at Newmarket, having joined in 2020. Prior to joining Newmarket, Mr. Ezzes was a Managing Director in the asset management group at Cohen & Company. Prior to Cohen and Company, Mr. Ezzes was a Managing Director at Mariner Investment Group, where he was instrumental in the launch of the IIFC franchise, among other responsibilities. For a number of years Mr. Ezzes was a Partner at Bass Investment Limited Partnership developed by Richard Rainwater from the Bass Brothers organization. In addition, Mr. Ezzes was one of the original members of the Goldman, Sachs & Co. High Yield Group where he was responsible for capital markets and distribution. Mr. Ezzes has served as a member of the board of directors for a number of U.S. and Australian companies. He holds a BA and MBA from the University of California, Los Angeles.
CIO
Thierry Adant
Mr. Adant is the Chief Investment Officer at Newmarket, having joined in 2020. A member of Newmarket’s Management Committee, Mr. Adant is involved in all aspects of the firm’s investment processes, and portfolio and risk management. Mr. Adant is also involved in the development of new investment strategies including Battery Finance, an affiliate of Newmarket, a strategy fusing real world assets and bitcoin. Prior to Newmarket, Mr. Adant was Head of Private Debt and a member of the Alternative Credit Fund Investment Committee at Willis Towers Watson (WTW). At WTW, Mr. Adant was responsible for asset allocation and due diligence of Private Debt investment opportunities globally. Mr. Adant designed innovative investment solutions within corporate lending, commercial mortgages, residential mortgages, infrastructure, impact investment, and other specialized asset classes amounting to over $4bn per annum. Mr. Adant holds a Bachelor of Science in Finance and Energy Business and Finance from The Pennsylvania State University.
General Counsel & CCO
Jeffrey Schellenger
Mr. Schellenger is the General Counsel and Chief Compliance Officer at Newmarket, having joined in 2020. Prior to joining the team, Mr. Schellenger was an Executive Director and Assistant General Counsel at FS Investments, an alternative investment management firm. Previously, Mr. Schellenger was an attorney in the Washington, D.C., office of Seward and Kissel, LLP, where he represented commercial banks, broker-dealers, investment advisors and investment funds, including mutual funds and hedge funds. Additionally, Mr. Schellenger was a Senior Counsel in the Washington, D.C. office of the U.S. Securities and Exchange Commission, where he participated in and led investigations and examinations of various types of financial registrants. Mr. Schellenger holds a BA in International Relations from James Madison University and a JD from Villanova University School of Law.
Notable Investments & Awards
impact deal of the year
Our Bocarte deal was selected as Structured Credit Investor’s Impact Deal of the Year in 2023.
MOST INNOVATIVE DEAL OF THE YEAR
Bocarte was also selected by Global Capital U.S. as the Most Innovative Deal of the Year.
MOST INNOVATIVE DEAL OF THE YEAR
Bocarte was also selected by Global Capital U.S. as the Most Innovative Deal of the Year.
FUTURE 40: ESG INNOVATORS
At the Real Deals ESG Awards, Newmarket was named as one of the Future 40: ESG Innovators.
PRIVATE SECURITIZATION DEAL OF THE YEAR
Global Capital European Securitization Awards, Boqueron, 2021
IMPACT DEAL OF THE YEAR
Structured Credit Investor, Credit Risk Transfer Awards, Room2Run, 2019
IMPACT DEAL OF THE YEAR (HONORABLE MENTION)
Structured Credit Investor, CITAH, 2020
IMPACT DEAL OF THE YEAR
Structured Credit Investor, Credit Risk Transfer Awards, Room2Run, 2019
INNOVATION OF THE YEAR
Structured Credit Investor, Credit Risk Transfer Awards, Jupitor, 2019
IMPACT DEAL FO THE YEAR (RUNNER UP)
Structured Credit Investor, Credit Risk Transfer Awards, Jupitor, 2019
Our Community
Through our pledge to give back, we have donated over $1.5 million to more than 25 non-profit organizations and charitable causes.
Recently supported charitable organizations include the ones below, among others.
Our company’s name, Newmarket, celebrates our focus on improvement and innovation while at the same time honoring one of the oldest surviving market buildings in the United States, New Market, which is located in Philadelphia.
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