Minnesota credit fund receives Trammell Crow backing

By Suzy Kenly Waite

Wed May 12, 2010

Providence Capital, a Minneapolis-based hedge fund firm, has launched a corporate restructuring strategy with backing from the Trammell Crow family office.

Dallas's Crow Holdings, scions of the Trammell Crow real estate empire, has seeded a new fund managed by Providence Capital, a Minneapolis, Minn.-based hedge fund. The Providence Credit Opportunity Fund launched in January and is co-managed by founder Tom Schmidt and portfolio manager Greg Anderson, both of whom formerly worked at EBF & Associates, a $1.5 billion distressed debt firm also based in Minneapolis. Providence and Crow declined to...


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