Industry

Financial Services

Company Type

Lender- Specialty

Size

$75 Million

Investment Type

Fund

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HOMMOCKS

Overview

 

Hommocks Trade Finance Fund is initially seeking $75 million to launch a trade finance platform, projected to grow significantly over time.

Hommocks will provide short-term collateralized/discounted direct loans to commodity traders, producers and distributors


Key industry exposures: energy (oil and gas), metals and agricultural commodities


Financing structures include receivable finance, payable finance, inventory finance, transit finance, prepayment loans, repo finance, mezzanine debt and other forms of short-term working capital finance


Regions: US-focused, but globally diversified


Individual deal size: up to $15 million


Individual deal tenor: 60 days on average

HOMMOCKS

Opportunity 

 

Deep Market

    • Hommocks will compete for a slice of the $1.5 trillion market where banks do not participate.

 

Fast Growing Market

Global trade volume is projected to reach $26 trillion in 2026 with 5.9% CAGR


Currently undervalued because trade finance market is less understood than stock or bond markets and has limited access to capital markets

 

 

Low Historical Defaults and Volatility

 

Trade finance deals historically have had only half of the default rate of S&P-rated corporations


Trade finance historically has not been correlated with stock and bond market volatility


Initial assessments, risk grading, background checks, on-site due diligence, and application of risk mitigation instruments are implemented to reduce risk

HOMMOCKS

Solution/Strategy

 

Significant expertise in financial markets and credit analysis


Team of experts from trade finance and commodity industry


Long-term familiarity with markets and cycles


Robust credit analysis and rigorous risk control process


Continuously monitor collateral, covenants and investor reporting

HOMMOCKS

Management

Jun Ogasawara

(Founder, CEO / CIO)

Seasoned trade finance professional with over 30 years of experience in New York (26 years), Tokyo (4 years), and London (3 months) at premier international banks including Societe Generale, BNP Paribas Fortis Bank, WestLB and Citibank


Head of Commodity Trade Finance team at Societe Generale New York from 2009 to 2019. Average $700MM portfolio size


Bachelor’s degree in commerce from Chuo University in Tokyo, Japan. MBA degree from Rotterdam School of Management Erasmus University in the Netherlands


Fully registered broker-dealer with Series 7 and 63 licenses (broker CRD#2816172)


Bi-lingual and bi-cultural in English and Japanese 

George Padilla

(Chief Credit Officer)

Founder of Copper Street LLC, established in 2020 in Phoenix, Arizona. Focus on credit risk and treasury management services for any size business


Credit professional with extensive experience leading teams across a wide variety of corporate environments and functions domestically and internationally with a focus on credit risk management


Global Head of Credit for Phillips 66 and its predecessor companies ConocoPhillips, Phillips Petroleum and Tosco Corporation for over 20 years. Followed by similar positions with Marathon Petroleum, Andeavor Corporation and Western Refining Company


Led a staff of credit risk professionals located in Texas, Oklahoma, London and Singapore responsible for a $4 billion receivables portfolio across > 5,000 domestic and international companies

Paul Schaffer

(CFO / Chief Compliance Officer)

Over 35 years in finance and operations


Last 12 years spent at an alternative investment private equity firm as CFO, Chief Compliance Officer and operations manager


Prior to joining the private equity firm was employed at Citibank as business CFO/ controller for 19 years


Prior experience as senior auditor for legacy “Big 8” accounting firm


CPA and CMA. MBA from Fordham University, earned Dean’s award for academic excellence. BS in accounting from University at Albany

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HOMMOCKS

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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