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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note