Finvest Wins $2.5 Billion Private Equity Mandate

Jan 2 2009 | 1:00am ET

Zurich, Switzerland-based Finvest Asset Management has been awarded a $2.5 billion allocation for investment in private equity.

According to the firm, the recession, negative sentiment, and the credit crunch, have all combined to create significant value opportunities.

The fund will seek to allocate capital to between 25 and 100 European and U.S. companies, with each allocation ranging in a value of between $10 million and $250 million. The new fund's time horizon will be between 3-5 years, although liquidity will be an important criteria in assessing risk. Companies below a $200 million market capitalization will not be discounted, however, the fund will be favorably disposed towards companies with higher market capitalization levels, and which exhibit a high percentage of outstanding shares.

"While we are not looking to cut corners on due diligence, we are looking to fast track the allocation process, so that we can take advantage of a market which has been beaten to shreds," said Finvest portfolio strategist Mayer Greenwald.

Last year Finvest won a $300 million mandate which will be separately invested in a fund of hedge funds.

Related Article:

Finvest To Pump $300M Into Funds of Hedge Funds


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of