Fri, Apr 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Allenbridge approves three new funds for Kuber Ventures' platform

Wednesday, February 27, 2013
Opalesque Industry Update - Kuber Ventures announces that three new managers have been approved by independent due diligence partner, Allenbridge, for its platform. The new additions bring the total number introduced in the first quarter of this year to nine, demonstrating the significant growth and interest in both Kuber Ventures and EIS investments as a whole.

The three new portfolios offer investors a complementary range of industry sector and strategy. The portfolios include Seneca Partners, Boundary Capital, and the AD (Anaerobic Digestion) Renewable Energy Fund.

Boundary Capital introduces an element of Seed EIS (SEIS) onto the platform, providing an EIS/SEIS hybrid approach for investors and a compelling alternative to pure seed funds. In addition, Seneca Partners focuses on businesses in the SME heartlands of Manchester, Birmingham and Leeds, while AD concentrates in small scale, anaerobic digestion plants which benefit from attractive government incentives.

As a result of the new additions Kuber Ventures, which is the industry’s first means of comparing, reporting and investing in EIS portfolios, has also been able to diversify and develop its offering through the introduction of model portfolios for investors.

Dermot Campbell, Managing Partner at Kuber Ventures comments: “We have seen exceptional growth in the first quarter of this year despite uncertainty in the industry over whether or not the FSA will classify EIS products under the Unregulated Collective Investment Scheme.

“While we intend to add more portfolios to the platform over the coming months, we will provisionally be capping the number of entrants despite high demand, so that we can ensure not only the best quality of portfolios but also to maintain an efficient reporting system.”

Press release bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1