Top Hedge Fund News, Member Posts, Hedge Fund Daily Indices and more!

3yrs ago Hedge Fund hedgeweek Views: 486

Investcorp and Tages merge absolute return businesses

Submitted 05/05/2020 - 5:37pm

Investcorp, a global provider and manager of alternative investment products, and Tages Group (Tages), a European alternative asset management firm, have created a 50/50 joint venture (JV) by merging Investcorp’s Absolute Return Investments business (Investcorp ARI) and Tages Capital, the absolute return subsidiary of Tages.

The JV, called Investcorp-Tages Limited, leverages Tages Capital’s and Investcorp ARI’s investment expertise and complementary footprints in seeking to create a global absolute return platform with more than USD6 billion in revenue generating assets, including customised portfolios, seeding and other investment solutions. As a combined team, this positions the JV as one of the world’s leading multi-manager investment firms.

 
Rishi Kapoor, Co-Chief Executive Officer of Investcorp, says: “This combination underscores Investcorp’s commitment to continue to serve our investor base with a broader array of solutions across the globe. We believe that the JV with Tages will be optimally positioned for accelerated growth serving the evolving needs of investors for absolute return investments in the post-Covid landscape, with an expanded geographic footprint, deeper bench of talent and enhanced scale. The businesses are highly complementary with similar core values, focusing on best-in-class client service together with strong performance and alignment of interests.”
 
Panfilo Tarantelli, Chief Executive Officer and Founding Partner of Tages, says: “Tages and Investcorp are ideal partners with long histories of performance generation and cultures of excellence. We are confident that our combined strengths will accelerate our objectives to drive growth. The availability of additional resources, a global reach and access to multiple pools of capital will enhance our ability to offer decorrelated returns in the current volatile market environment and respond to the challenges of the new world which will emerge as a consequence of the Covid crisis.”
 
Investcorp-Tages Limited will be co-led by existing management, including Lionel Erdely, Head and CIO of Investcorp’s ARI business, and Salvatore Cordaro, Founding Partner and CIO of Tages Capital. 
 
Erdely says: “Our joint venture will deliver meaningful benefits for our clients. Together, we will be able to offer a broader array of absolute return investment solutions across strategies and markets. As we bring the best of our organisations together, we will remain focused on maintaining the nimble, entrepreneurial approach that has driven our success.” 
 
Cordaro says: “I cannot think of a more complementary partner for Tages to strengthen our ability to deliver performance for investors. Together, we will have one of the most talented and experienced teams in our industry with a comprehensive portfolio of solutions, and an unmatched track record for providing seed and acceleration capital to emerging managers.”
 

Tags Deals & Transactions

Today's Hedge Fund Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.