Sun, Jul 23, 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. Little-known cryptocurrency hedge fund seeks $200m in SEC filing[more]

    From Coindesk.com: A little-known, newly established hedge fund is seeking to raise $200m to invest in cryptocurrencies, according to regulatory filings. The bid by Cryptocurrency Fund LP to raise the money was revealed in a Form D submission to the US Securities and Exchange Commission (SEC), dated

  2. FinTech - Bitcoin hedge fund director: ICOs are having a 'eureka' moment, Big data and analytics: Not just for quants anymore, Data breach of a single firm impacts systematic risk (and cost of capital) for the firm's entire sector[more]

    Bitcoin hedge fund director: ICOs are having a 'eureka' moment From Coindesk.com: The director of one of the first bitcoin hedge funds offered praise for initial coin offerings (ICOs) today, arguing in an investor note that the novel fundraising method is already showing signs of

  3. Already above average, Singapore high-networth investors add hedge funds and alternative investments[more]

    Komfie Manalo, Opalesque Asia: An above-average proportion of Singaporean HNW wealth is allocated to alternative investments - the majority of which is held in hedge funds, according to the latest research by ReportLinker. In its report entitled, Wealth in Singapore: HNW Investors 2017

  4. Launches - Crypto boom: 15 new hedge funds want in on 84,000% returns, Crypto madness is striking VCs as Union Square analyst leaves to start new fund[more]

    Crypto boom: 15 new hedge funds want in on 84,000% returns From Forbes.com: With 43 projects raising $1.2 billion in initial coin offerings since May 1, according to Nick Tomaino's The Control, and with stratospheric returns for so many ICOs -- 82,000% for Ethereum, 56,000% for IOTA, 44,

  5. FinTech - The machines are coming... Elon Musk's grim warning, Tezos' $232 million ICO may just be the beginning, A gentle introduction to Initial Coin Offerings (ICOs), Billion dollar tokens, ICOS & crazy market swings WTF is going on!?, How AI is changing the way we invest, How the tech revolution is bringing flip-flops and beanbags to Wall Street, A 'machine-learning' approach to venture capital[more]

    The machines are coming... Elon Musk's grim warning From Tenplay.com.au: Tesla chief Elon Musk has called on US Governors to take 'decisive' action to curtail "the greatest risk we face as a civilization": Artificial Intelligence, or AI. Speaking at a meeting of the National Governor Ass