Mon, Apr 19, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Investcorp and Xponance team up to invest in diverse and woman-owned alts managers

Wednesday, April 07, 2021

Bailey McCann, Opalesque New York:

Xponance and Investcorp have entered into a strategic partnership to stake and seed diverse and woman-owned alternative asset managers. The partnership will focus on managers in the mid-market.

Investcorp's Strategic Capital Group and Xponance Alts Solutions will be leading the way in identifying managers for the partnership. ISCG was established in 2019 to invest in GP stakes. The group raised approximately $160 million in April of last year for GP stake transactions. ISCG announced at the end of last year that it has invested in mid-market private equity firm Centre Lane Partners.

Xponance Alts Solutions was established within Xponance earlier this year to invest in emerging and diverse alternative managers. It is led by industry veteran Marquette Chester, who joined the firm in February.

"It is our view that diverse managers have historically been overlooked," David Lee, a partner at ISCG tells Opalesque. "Being diverse and/or woman owned is not mutually exclusive from being a best in breed manager."

According to Lee, the partnership will be strategy agnostic in terms of the asset managers it looks to invest in. "We're looking to create as much diversification as possible," he says. "that includes from a strategy point of view, geographies, vintages, and ownership."

Investors have been keen on GP stake deals in recent years. Fundraising for GP-stakes has topped $20 billion, according to data from Pitchbook......................

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. New Launches: Atlas Holdings closes fourth PE fund at $3.1bn, Zigg Capital nabs $225m to invest in proptech startups, Canvas Ventures raises $350m to help bring intentionality back to early-stage investing, BlackRock and Fidelity launch first green bond ETFs[more]

    Atlas Holdings closes fourth PE fund at $3.1bn From PE Insights: Atlas Holdings has held the first and final close of its fourth private equity investment fund, Atlas Capital Resources IV LP (ACR IV) at its hard cap of $3.1 billion. The latest fundraising, which began in Novembe

  2. SPACs: UK stock market to lure SPACs with rules overhaul, Nuvation Bio flounders after EcoR1 SPAC merger, Singapore Exchange may launch regulatory framework for SPACs by mid-2021, SPAC listings slow to a crawl with bankers buried in paperwork[more]

    UK stock market to lure SPACs with rules overhaul From Yahoo Finance: Britain's financial watchdog has fired the starting gun on plans to overhaul stock market rules in a bid to lure more SPACs to the London market. The Financial Conduct Authority (FCA) on Wednesday said it woul

  3. New Launches: Amundi launches Just Transition for Climate fund, Index Ventures launches $200m seed fund, China's Hosen Capital hits $800m hard cap for third US dollar fundraise, Shackleton launches fifth venture secondaries fund[more]

    Amundi launches Just Transition for Climate fund From Bloomberg: Amundi has launched a European fixed income fund that will support energy transition. The Just Transition for Climate fund is managed by Alban de Fa?, head of fixed income ESG investing, and Dany da Fonseca, credit portfo

  4. SPACs: Investors see $90bn SPAC craze fizzling in the next year, US regulator turns spotlight on rosy SPAC projections, SPACs drive March M&A record, but other infotech players are still buying, Blank-check ETFs keep coming even as SPAC fever cools down[more]

    Investors see $90bn SPAC craze fizzling in the next year From PE News: Investors overseeing almost $13tn in assets say the frenzy around Spac listings will slow over the coming 12 months, predicting a spate of high profile failures will suppress appetite for so-called blank-cheque comp

  5. PE/VC: 'Frustrated' limited partners are questioning PE-sponsored SPACs, European venture reaches all-time high in the first quarter of 2021[more]

    'Frustrated' limited partners are questioning PE-sponsored SPACs From Institutional Investor: It's hard to imagine that private equity firms would have stayed out of the booming business of special-purpose acquisition companies. But private-equity-sponsored SPACs could lead to conflicts