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Benedicte Gravrand, Opalesque Geneva:
EMERGENCE, a seeding platform created in early 2012 with the backing of seven major French institutional investors with more than $1.5tln of financial assets, announced its first seeding partnership with Eiffel Investment Group last month. The seeding fund has just announced its second investment.
Antoine Rolland, CEO of NewAlpha Asset Management, a Paris-based seeding manager, told Opalesque in April that EMERGENCE, which is managed by NewAlpha, had just closed its first deal of $160m and would soon make a second close of $200m (see May issue of
NewManagers). Next investment in a fund would be done in June, he said.
So here it is. We heard last night that EMERGENCE had invested around $40m in Diva Synergy UCITS, an event-driven fund managed by Bernheim, Dreyfus & Co. , an asset manager based in Paris. This investment serves as acceleration capital and brings the UCITS fund’s assets to around $50m. Bernheim, Dreyfus & Co. manages ...................... To view our full article Click here
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