Forsyth Offers P.E. FoF With A Twist

Apr 20 2007 | 11:06am ET

International asset management group Forsyth Partners is adding a new wrinkle to its private equity business. The firm recently launched a private equity fund of funds, the Forsyth Global Private Equity Fund, which invests in listed p.e. firms and in p.e.-related securities through a combination of open ended funds and also through direct investments and private equity investment trusts.

The fund’s open-ended/closed-ended approach is combined with a core/satellite strategy: The core is invested across buyout, venture and mezzanine debt sectors in developed regions, while the satellite offers exposure to particular markets, themes or sectors.

Henry Freeman, principle fund manager at Forsyth, said, “The fund has been developed to meet the demand of investors who are seeking long-term asset growth in private equity without the higher levels of risk often associated with the sector.”

The fund of funds, which launched in December, is traded daily and offers both U.S. dollar and euro share classes. Since inception, it has returned 5.9% and is currently managing some $13 million. The co-manager for the vehicle is Dean Cheeseman.

Last month, holdings such as Duemme SICAV Private Equity Strategies and SVG Capital (a private equity investor and fund management business listed on the London Stock Exchange), contributed to the fund’s net return of 0.96% (U.S. dollar share class) and 1.45% (euro share class), according to its March investor letter. In February, the fund of funds allocated to Evolvence India Holdings, a listed India-focused special purpose vehicle, which currently sits in the satellite segment of vehicle’s portfolio.

The minimum investment for the new offering is US$10,000 with subsequent investments of US$5,000. The annual management fee is 1.5%.

Forsyth was established in 1991 and manages some $1.2 billion in 39 funds with mandates across equities, bonds and alternative strategies.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.