Wed, Jan 23, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

NR Capital launches trade financing vehicle for bulk commodities

Friday, August 03, 2018

Bailey McCann, Opalesque New York:

Singapore-based NR Capital has launched with a new take on trade finance. The firm, which focuses on small to medium-sized enterprises in the bulk commodities market has created a fund available to accredited investors who want exposure to asset-backed deals of $1-15 million. The fund launched in April and made its first capital commitments in May.

"Anyone doing transactions under $15 million is finding it harder to get trade financing from traditional banks," says NR Capital CEO Tom James in an interview with Opalesque. "Banks aren't in this space because of regulation. But, it's created a 1 trillion funding gap. So in many ways, we've become the biggest referral customer for banks. They recognize that there is a need for this type of financing."

Supporting these transactions using private capital isn't easy. The team at NR has created a holistic technology platform on par with a large banking operation in order to support asset verification/control, KYC, AML, and the growing host of transaction reporting requirements necessary for trade finance deals to go through. James says that the technology component is critical to helping them scale and also for maintaining transaction security.

"Internally we're fully digitized, it has helped us scale," James adds. "We think there is a big automation opportunity within trade finance and the commodities market. It will take time to get there, but there are many ef......................

To view our full article Click here

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. News Briefs: The Jeff Bezos divorce: $136bn and Amazon in the middle, Bridgewater Associates partners with consulting firm, Cyprus no longer Mediterranean haven for Russian businesses, Goldman Sachs on course to launch cash management in mid-2020[more]

    The Jeff Bezos divorce: $136bn and Amazon in the middle From Mint: The announcement by Amazon founder Jeff Bezos, the world's wealthiest man, and his wife that they will divorce has captivated the imagination -- how will they split his giant fortune, estimated at $136 billion? And what wi

  2. Institutional Investors: Institutional investors plot large property allocations, Qatar Investment Authority aims to reach $45bn in U.S. investments, Louisiana Teachers assigns $200m, SoftBank move to slash WeWork investment sends shockwaves[more]

    Institutional investors plot large property allocations From FT: Institutional investors plan to make large allocations to property in 2019, taking them closer to their desired targets. At least €72.4bn of new capital is expected to flow into real estate this year, according to a

  3. Legal: Attorney sues after Tampa hedge fund goes under, Hedge funds showing increased interest in litigation claims, Argentina sued again by hedge fund on bonds tied to GDP growth[more]

    Attorney sues after Tampa hedge fund goes under A Tampa hedge fund company may be in legal trouble after the firm that was holding its money was sued by a lawyer who claimed "gross negligence" caused the fund to lose tens of millions of dollars. James Cordier, the head of optionseller

  4. Activists: MGM hands board seat to activist hedge fund Corvex's Meister, PG&E shareholder BlueMountain challenges bankruptcy plans, Gulfport pledges share buybacks after hedge fund demand, PPG Paints itself into a corner[more]

    MGM hands board seat to activist hedge fund Corvex's Meister From Reuters: MGM Resorts International has struck a deal with hedge fund Corvex Management's founder, Keith Meister, to give him a board seat, one week after a rival activist investor was seen building a position in the casino

  5. Opinion: Can you beat Warren Buffett's investment returns using data?[more]

    From Seeking Aplha: The ideal hedge fund portfolio would use leverage to take a variety of uncorrelated risks that all cancel each other out, leaving the fund with little to no net exposure. For example, if you could invest in enough items with no correlation to the business cycle, like earthqua