Sun, Sep 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Rosemont Partners buys into frontier investment boutique Silk Invest

Tuesday, July 09, 2013
Opalesque Industry Update - Silk Invest and Rosemont announce that Rosemont has made an equity investment in Silk Invest. The investment proceeds will enable the company to continue the expansion of its leadership position within the frontier markets as the firm opens new offices and launches new products into North America and other markets outside of its original European base.

Silk Invest will remain fully independent and majority owned by its management team and partners. Rosemont, a private equity boutique focused exclusively on making investments in asset management companies, will own a minority stake.

Silk Invest has three independent investment teams for public markets equities, fixed income and private equity. It manages approximately $200 million in four different frontier equities strategies; a frontier fixed income fund and an African Food & beverages private equity fund. The primary investment focus is on in Africa, the Middle East and Frontier Asia with an emphasis on having local presence in the target regions. Silk Invest has pioneered investment strategies that capture consumer-driven trends in these markets and was also the first firm to launch a dedicated frontier fixed income fund in Europe.

Silk Invest was founded in 2008 in London by Zin Bekkali and a veteran team of investment professionals with proven expertise in investing in frontier and emerging markets. Seasoned asset managers Daniel Broby and Dr. Waseem Khan lead the company’s public markets and private equity teams. The team’s investment process incorporates seasoned institutional managers with local market expertise, representing 14 frontier countries, 18 languages and operating from offices in London, South Africa, Egypt, Morocco, UAE, Kenya and an upcoming local presence in Nigeria.

Zin Bekkali, Silk Invest’s CEO and Group CIO, commented on the transaction:

“Since launching the Company in 2008, our team, the majority who are from frontier markets, has established Silk Invest as an institutional specialist in frontier markets with track records of competitive performance and lower volatility. We aligned our investment processes with our positive macro convictions and we have pioneered consumer focused investing in these markets. We are excited by the opportunity to grow our company and enhance our client offerings as a partner with Rosemont. It was important for us to find a capital partner that would reinforce our independent boutique model and entrepreneurial culture of employee ownership.”

David Silvera, Managing Director of Rosemont, noted:

“We are excited to have the opportunity to work with the accomplished and diverse group of professionals at Silk Invest. We have come to know and respect the investment process and discipline of the team and we look forward to working with them as they continue to grow the company and serve their clients’ needs with a compelling and differentiable suite of frontier investment capabilities”.

Press release

www.silkinvest.com

www.rosemontpartnersllc.com

Bg

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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  3. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  4. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  5. ...And Finally - FAN-antic[more]

    From Newsoftheweird.com: Jeffrey Riegel, 56, of Port Republic, New Jersey, left 'em laughing with his obituary's parting shot at the Philadelphia Eagles. In it, Riegel asked that eight Eagles players act as pallbearers, "so the Eagles can let me down one last time." Riegel owned season tickets for 3