Friday, 25 July 2014
Last updated 17 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…