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Alternative Market Briefing

NewApha and NExT AM may merge to create leading European business incubator

Wednesday, April 17, 2013

Benedicte Gravrand, Opalesque Geneva: - There may be a merger between two large French seeding platforms: NewAlpha, which has been seeding alternative fund managers for seven years, and NExT AM, a business specialized in 'long-only' emerging manager seeding. NExT AM launched the first partnership-seeding fund in France, a structure which provides seed money but also owns stakes in the project capital.

This possible merger is being discussed by OFI AM, an investment group with €54.5bn ($71.7bn) in AuM, of which NewAlpha is a fully-owned subsidiary, and La Française, an investment group with €37bn ($48.8bn) in AuM, of which NExT AM is a subsidiary.

According to OFI and La Française’s joint press release, this merger would create a leading European business incubator, and would gather 31 active partnerships, €7.2bn ($9.4bn) in AuM, much expertise, and a team of 20 people experienced in the selection, analysis and management of stake holdings.

"We are convinced that the combination of skills and experiences will create a global leader in the business of selecting, investing and supporting the bes......................

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