Tue, Sep 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Advanced Capital invests into Pan Asian distressed asset specialist

Tuesday, May 03, 2011

Robert Tomei
Advanced Capital, the leading European alternative investment specialist, headed up by innovative financier Robert Tomei, and award winning European hedge fund incubator, IMQubator, has announced a 50million joint seed investment into the new mCapital European & Asian Special Situations Fund.

Launched on 11 February 2011, the mCapital fund offers a niche investment strategy with a focus on dynamic small to medium size special situations with a focus on distressed assets. The mCapital investment team is lead by Mark Devonshire, former head of Merrill Lynchs Hong Kong and London Principal Credit Group.

Devonshire brings together a topflight team; an entire investment team from Merrill Lynch in Europe and Asia who benefit from deep knowledge of local markets, as well as a management team who have worked together for over ten years. The funds operations are located in London, Hong Kong and Amsterdam.

Robert Tomei CEO of Advanced Capital, which is widely recognised as Italys top fund of funds with 1 billion Euros AUM, said: "It was key for Advanced Capitals growth to capitalise on the enormous value being created in major Asian markets. The region is a driving force for global economic growth and offers strong earnings potential. The investment in the mCapital fund with IMQubator was a strategic decision with the aim of boosting our international presence and opening the myriad opportunities that exist in the region to our client base."

Not only does the deal mark a strategic move for Advanced Capital into the vibrant Pan-Asian market but it also gives the Milan-based investment group access to a highly specialist and experienced investment team working directly on the ground in Asias leading fund management centre.

Tomei continued: "Fundamentally Hong Kong offers a crucial foothold to the booming Chinese market. Mark Devonshire and his experienced team of former Merrill Lynch professionals have worked together for over ten years. Their track record is simply very impressive, showing only positive returns and an annual performance since 2003 well above 20%. Were excited to be taking a stake in this highly specialised opportunity. Without a doubt, mCapital is the kind of manager that every institution would like to have in its portfolio."

"We are currently in the midst of a major expansion drive. This growth strategy will build on investments in new world-class fund managers, particularly in emerging sectors, but also concentrate on extensive new investment in our existing Energy and Global Real Estate funds," he concluded.

Jeroen Tielman, CEO of IMQ Investment Management, the manager of the IMQubator hedge fund seeding fund, commented: "We originally assisted mCapital in their design of a hybrid fund series structure combining hedge fund and private equity fund elements amongst others to align investor liquidity with the liquidity of the fund investments and to enhance transparency. The mCapital fund has the capacity to reach a total AUM well beyond the $1billion level."

With the latest fund commitment, Advanced Capital is firmly establishing itself as the investment manager to watch in the alternative investment space. It was recently ranked second globally out of 134 funds in Preqins recent private equity fund of funds annual performance analysis. Following its existing range of funds this latest investment marks the launch for Advanced Capitals new generation of global managers.

Source

Press Release
bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali