Fri, Dec 6, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

NR Capital launches trade financing vehicle for bulk commodities

Friday, August 03, 2018

Bailey McCann, Opalesque New York:

Singapore-based NR Capital has launched with a new take on trade finance. The firm, which focuses on small to medium-sized enterprises in the bulk commodities market has created a fund available to accredited investors who want exposure to asset-backed deals of $1-15 million. The fund launched in April and made its first capital commitments in May.

"Anyone doing transactions under $15 million is finding it harder to get trade financing from traditional banks," says NR Capital CEO Tom James in an interview with Opalesque. "Banks aren't in this space because of regulation. But, it's created a 1 trillion funding gap. So in many ways, we've become the biggest referral customer for banks. They recognize that there is a need for this type of financing."

Supporting these transactions using private capital isn't easy. The team at NR has created a holistic technology platform on par with a large banking operation in order to support asset verification/control, KYC, AML, and the growing host of transaction reporting requirements necessary for trade finance deals to go through. James says that the technology component is critical to helping them scale and also for maintaining transaction security.

"Internally we're fully digitized, it has helped us scale," James adds. "We think there is a big automation opportunity within trade finance and the commodities market. It will take time to get there, but there are many ef......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. 50 South Capital & Preqin highlight emerging manager outperformance in a new report[more]

    Bailey McCann, Opalesque New York for New Managers: New data from Preqin and 50 South Capital, the investment arm of Northern Trust, shows that emerging managers are outperforming established managers by almost 4% a

  2. An academic wrecking ball aims at hedge funds[more]

    From Bloomberg: Quant investing, and indeed much of the hedge fund industry, is built on the power and freedom that come with the ability to sell short. When you short a security (borrow and then sell it, meaning you make money if the price falls and you then re-buy it), you can profit when markets

  3. PE/VC: Private equity buys $101bn of European businesses, 30 under 30 venture capital 2020: Meet the young investors backing tech's next big thing[more]

    Private equity buys $101bn of European businesses From Bloomberg: European equities' cheap valuations have turned the region into a honeypot for private-equity and arbitrage funds looking to reap double-digit returns. With the buyout firms enjoying a massive amount of dry powder, especial

  4. Hedge fund Moore Capital to return money to external investors[more]

    B. G., Opalesque Geneva: Louis Bacon's Moore Capital Management is to return capital from its three macro hedge funds to investors. The funds will continue running partners' money and Bacon, 63, will reduce his involvement in trading, according to a letter to investors seen by

  5. Crypto: Almost 70 crypto hedge funds have closed this year as institutional investors shy away, Central bank talk of launching cryptocurrencies is all bluff, Thailand and Hong Kong in crypto collaboration with cross border token project, Crypto loans see solid growth, platforms attract community interest, A Bitcoiner in the Senate? Is Bakkt CEO in US govt. good or bad for crypto?, Bank of France to test digital currency in 2020[more]

    Almost 70 crypto hedge funds have closed this year as institutional investors shy away From The Block Crypto: Nearly 70 crypto-focused hedge funds that largely cater to institutional investors, such as pension funds and family offices, have closed this year. The number of new fund