Sands Brothers Offers ‘Furry' ABL Fund

May 30 2008 | 2:00am ET

New York- and Greenwich, Conn.-based Sands Brothers Asset Management has launched an asset-backed lending fund to exploit opportunities in small-cap private and public markets.

The firm’s Genesis Merchant Partners fund makes loans to both domestic and international companies in niche and under-the-radar markets often overlooked by banks and other providers of capital, according to Timothy Doede, director of research. For instance, a portion of the portfolio is dedicated to financing the fur trade, specifically animal pelts.

The fund will lend between $1 million to $5 million and put on two to three positions per month with a loan period of less than 12 months.

“We think we’re in a really good time right now, especially with the credit markets and they way they’ve been,” said Doede. “I think we’re getting a lot of good credit quality for the types of loans we’re looking at.”  

In addition to the Genesis fund, the firm also manages the Select Access Funds, a family of a global multi-strategy funds of hedge funds investing in emerging small- to mid-sized managers pursuing niche strategies, and the Venture Funds, a venture capital fund. All told, the firm manages $140 million across its products.

Martin Sands and his brother, Steven, founded the firm in 1999.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of