Key Takeaways
- • Israeli investment firm NewVest closed a $220 million fundraise on May 8, 2023, for its newly launched Private Debt 50 index fund, marking the firm's second investment product.
- • The fund provides exposure to 50 of the largest global private debt managers, including Golub, Pemberton, and Bain Capital, delivering diversification and lower volatility relative to traditional private equity investments.
- • Anchor investors include Bank Hapoalim and Bar-Ilan University, alongside prominent Israeli entrepreneurs and fund managers including Yuval Cohen (Fortissimo Fund founder), Gil Rushinek (Electra Real Estate chair), and Eyal Waldman (Mellanox founder), each committing millions of dollars.
- • NewVest founder Edward Talmor-Gera positioned the index as a portfolio return-maximization tool, with distribution channels spanning structured products, investment certificates, wealth management platforms, and an online direct platform.
- • The Private Debt 50 index targets institutional investors seeking private debt exposure with reduced volatility and enhanced diversification across the global private credit asset class.
Summary
NewVest, an Israeli investment fund, successfully raised $220 million for its Private Debt 50 index fund through a close on May 8, 2023. The fundraise represents a significant milestone for the firm, as the index product marks NewVest's second investment offering and demonstrates institutional appetite for structured private debt exposure.
The Private Debt 50 index provides investors direct exposure to 50 of the world's largest private debt fund managers, including prominent industry names such as Golub, Pemberton, and Bain Capital. According to NewVest founder Edward Talmor-Gera—whose father, Oded Gera, serves as a senior adviser to Rothschild Bank in Israel—the index is designed to maximize portfolio returns through diversification and efficiency benefits while offering lower volatility characteristics relative to private equity investments.
The investor base reflects both institutional and prominent individual participation. Bank Hapoalim, Israel's largest banking group, and Bar-Ilan University anchored the institutional commitments. High-net-worth investors included Yuval Cohen, founder and managing partner of Fortissimo Fund; Gil Rushinek, chair of Electra Real Estate; and Eyal Waldman, founder of Mellanox Technologies. Each committed multimillion-dollar allocations to the fund.
NewVest has developed a multi-channel distribution strategy to capture diverse investor segments. The Private Debt 50 index is accessible through structured products, investment certificates, wealth management platforms, and an online direct investment platform, broadening appeal beyond traditional institutional channels and enabling retail and mid-market investor participation in the private debt asset class.
The Private Debt 50 index provides investors direct exposure to 50 of the world's largest private debt fund managers, including prominent industry names such as Golub, Pemberton, and Bain Capital. According to NewVest founder Edward Talmor-Gera—whose father, Oded Gera, serves as a senior adviser to Rothschild Bank in Israel—the index is designed to maximize portfolio returns through diversification and efficiency benefits while offering lower volatility characteristics relative to private equity investments.
The investor base reflects both institutional and prominent individual participation. Bank Hapoalim, Israel's largest banking group, and Bar-Ilan University anchored the institutional commitments. High-net-worth investors included Yuval Cohen, founder and managing partner of Fortissimo Fund; Gil Rushinek, chair of Electra Real Estate; and Eyal Waldman, founder of Mellanox Technologies. Each committed multimillion-dollar allocations to the fund.
NewVest has developed a multi-channel distribution strategy to capture diverse investor segments. The Private Debt 50 index is accessible through structured products, investment certificates, wealth management platforms, and an online direct investment platform, broadening appeal beyond traditional institutional channels and enabling retail and mid-market investor participation in the private debt asset class.
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