Citco has launched a capital advisory service that will focus on arranging debt and equity capital for sponsors and investors in alternative investment vehicles.

The new unit, Citco Capital Solutions, will be led by managing director Michael Peterson and Shiraz Allidina, formerly of Bridgeway Partners and GMO, who has also joined the firm as a director.

Headquartered in New York, the division will provide a full suite of capital advisory services, including arrangement of subscription lines, project finance, and warehouse lines, as well as joint-venture, preferred and co-invest equity.

Citco’s wider business includes offering hedge fund administration, custody and fund trading.

“Citco has a long history of providing unparalleled expertise and tailored service in order to support our clients’ business needs and objectives, and the formation of a new capital advisory offering is a natural next step in that trajectory,” said Peterson.

“Alternative investment managers are increasingly looking to non-banks for their financing and capital raising needs, and with our expansive industry knowledge and relationships across asset classes and geographies.