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

Firm Focus: Sustainable Insight Capital Bullish On ESG

Aug 12 2014 | 9:18am ET

Bruce Kahn spent over 15 years as a research scientist/consultant on environmental...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note