Wed, Apr 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers May 2014

Seeders' Corner: Latest developments within the fund seeding space

Northill Capital may invest in another emerging fund manager next year John Little

Northill Capital, an investor in asset managers, agreed to acquire a majority interest in Longview Partners earlier this month. That will be its fifth investment. Northill takes things slowly with asset managers; the partners want to make sure they get to know them well and that can take a few years - they don't want to take the risk of losing money over fickle characters. But when the partners are invested, it is akin to a marriage contract. And the few emerging managers that are in Northill's still small collection get quite a bit of help to get off the ground.

Established in London in 2010 by Jon Little, with substantial financial backing from trusts associated with the Bertarellis, a powerful European family, as well as from the four partners (three of whom are ex-BNY Mellon A.M. directors), Northill Capital's long-term strategy is to build a portfolio of high quality specialist asset managers, which involves buying 50% to 80% of the managers' equity.

Northill currently owns stakes in European sub-investment grade credit manager Goldbridge Capital Partners (founded in 2011 in London); Asian value equity manager Ellis Munro Asset Management (2011, Singapore); insurance linked securities manager Securis Investment Partners (2005, London); and US equity growth manager Riverbridge Partners (1987, Minneapolis). The latest investment was in Longview Partners, a $19.5bn specialist asset management firm focused on global equities portfolio management, based in London and Guernsey and founded in 2001. This last deal took almost two years to be completed - although selecting startups usually take less time.

We asked Jon Little if he was planning on making more investments in start-ups. He told Opalesque that yes, h......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Opalesque Roundtable: Emerging managers should avoid chasing 'institutional unicorns'[more]

    Bailey McCann, Opalesque New York: For managers looking to raise a new fund after the crisis, marketing efforts will need to be significantly different, according to delegates at the recent Opalesque Texas Roundtable. "Most of the smaller managers come to the whole fund-raising and marketing

  3. Cohen's private investments deliver strong 7.5% gain in Q1[more]

    From Reuters.com: Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. Cohen's Point72 Asset Management, which invests

  4. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

  5. Opalesque Exclusive: Cyber security and hedge funds: increased awareness, Part One[more]

    Benedicte Gravrand, Opalesque Geneva: If you look at the recent cybersecurity news from Bloomberg, hackers are frightening the people: they steal photos and threaten to expose them, they can break into ATMs, they ha

 

banner