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Alternative Market Briefing

Eden Rock buys Gottex stake in ERG Asset Management

Wednesday, September 28, 2016

Matthias Knab, Opalesque:

Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as well as funds in administration. More recently, the business has diversified and won a number of broader mandates, including the monetisation of the illiquid assets of a bank, the sale of multiple operating companies across a variety of sectors as well as the disposal of several portfolios of real estate. ERG Asset Management has experience of asset sales, debt restructuring, asset recovery, and litigation management in numerous jurisdictions. ERG continues to seek mandates where its blend of hands on experience and qualified personnel position the firm advantageously to help make the monetisation of illiquid asset portfolios more efficient.

ERG Asset Management offers a cost-effective and investor-aligned platform to service and manage portfolios of assets or funds that are winding down or being liquidated. ERG Asset Management is qualified to assume the role of a replacement manager or, alternatively, it can provide specialist servicing capabilities to investors who have acquired or are planning to acquire individual assets or pools of assets that form part of a monetisation strategy. The ERG platform enables investors to take effective ownership of the management, servicing......................

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