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We transitioned from park to terrace this morning to find our zen amidst the hustle and bustle of Berlin during an incredible yoga session, hosted by 𝗣𝗢𝗟𝗔𝗥𝗜𝗦, @[Portfolio Advisors](urn:li:organization:9429580), and @[Axiom Asia Private Capital](urn:li:organization:473149) at @[SuperReturn](urn:li:organization:10285121) International 2024. Breathing in the fresh air, we stretched out as the city awoke around us. Led by an awesome instructor, the session left us feeling centered, energized, and ready to tackle the day ahead. A sincere thank you to everyone who participated and embraced the energy of yoga in our little urban oasis. 🧘‍♀️🧘‍♂️ From yesterday's high-energy run to the calm of today's yoga, we continue to balance our dynamic SuperReturn experience. Thank you all! 🙌 {hashtag|\#|POLARIS} {hashtag|\#|Berlin} {hashtag|\#|AxiomAsia} {hashtag|\#|SuperReturn} {hashtag|\#|privateequity} {hashtag|\#|Portfolioadvisors}
Are we „runner gatherers“? 🤔  Like every top quartile GP, we double in size every year 😝 Amazing turnout this morning at the 𝗣𝗢𝗟𝗔𝗥𝗜𝗦, @[Portfolio Advisors](urn:li:organization:9429580), and @[Axiom Asia Private Capital](urn:li:organization:473149) sightseeing run at @[SuperReturn](urn:li:organization:10285121) International 2024 in Berlin. 🌞👟🏃‍♂️ Thank you to everyone who joined us for an unforgettable run and made it an incredibly rewarding experience! Whether you were in the leisure, sport, or pro group \(who, by the way, ran at an incredible 4:40/km pace\), we hope you had an amazing time racing through Germany's capital and taking in all the beautiful sights. What a fantastic way to start the day! Also, side note: this year, we had our fastest group yet! 🚀🏃‍♂️🏃‍♀️ Too bad the best part of SuperReturn is already over! Or is it? Join us for our yoga in the park session tomorrow at 7am. 🧘‍♀️ {hashtag|\#|POLARIS} {hashtag|\#|Berlin} {hashtag|\#|AxiomAsia} {hashtag|\#|SuperReturn} {hashtag|\#|privateequity} {hashtag|\#|Portfolioadvisors}
Our Managing Partner @[Stefan Brägger](urn:li:person:tz4DJW2pSM) will be moderating a hand-picked panel at the 11th edition of the leading Private Equity Conference on June 19 in Zürich ⬇️ @[Private Equity Insights](urn:li:organization:3189332) organizes 12 Private Equity conferences in Europe, Asia and North America. The goal of organizing these private equity events is to help all players solidify their relationships with the most relevant investment professionals – General Partners, Limited Partners, PE/VC Target Companies, and Service Providers. Each conference is designed around networking, making sure you hear from brilliant minds that operate throughout the whole PE lifecycle. Each panel is hand-picked to cover the trending topics in PE, and there are 4+ hours dedicated to networking opportunities. 👉 Stefan will be moderating a panel on the following topic: 𝗪𝗵𝗮𝘁 𝗟𝗣'𝘀 𝗔𝗿𝗲 𝗟𝗼𝗼𝗸𝗶𝗻𝗴 𝗙𝗼𝗿 𝗜𝗻 𝗧𝗵𝗶𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 🗓️ 𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆, 𝗝𝘂𝗻𝗲 𝟭𝟵, 𝟭𝟬:𝟰𝟱 𝗔𝗠, 𝗠𝗮𝗿𝗿𝗶𝗼𝘁𝘁 𝗛𝗼𝘁𝗲𝗹, 𝗭𝘂̈𝗿𝗶𝗰𝗵 We can certainly expect an exciting discussion with the following participants: Maddalena Orlandini / Kieger @[Mathias B. Zürcher, CAIA](urn:li:person:YDh5kL5tFN) / Julius Bär @[Thomas Gnaegi](urn:li:person:UBarr1fI8i) / Marcuard Family Office @[Alexander Hesseling](urn:li:person:xpXtWd1C1e) / LFPI {hashtag|\#|POLARIS} {hashtag|\#|investment} {hashtag|\#|PrivateEquity} {hashtag|\#|PEInsights}
𝗔𝗹𝗹 𝗴𝗼𝗼𝗱 𝘁𝗵𝗶𝗻𝗴𝘀 𝗺𝘂𝘀𝘁 𝗰𝗼𝗺𝗲 𝘁𝗼 𝗮𝗻 𝗲𝗻𝗱. After over a decade with POLARIS, our colleague Hemma Fuchs has decided to embark on a new adventure. 👋 During her time here, Hemma has been absolutely instrumental in managing our accounting, finance and controlling. She joined us in 2012 after sharpening her skills at Ernst & Young and Harcourt Investment Consulting. With razor-sharp intelligence and dedication, Hemma has kept our finances in impeccable order through years of evolution and growth. Her expertise in controlling has provided immense strategic value. Beyond her superb technical abilities, we will miss Hemma's warm spirit and the community she fostered. ❤️ While we're sad to see her go, we know Hemma's talents will continue driving success in her next endeavor. Thank you, Hemma, for everything you've done for POLARIS over the past decade. 𝗪𝗲 𝘄𝗶𝘀𝗵 𝘆𝗼𝘂 𝗮𝗹𝗹 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗳𝘂𝘁𝘂𝗿𝗲 𝗮𝗱𝘃𝗲𝗻𝘁𝘂𝗿𝗲𝘀! 🙌 {hashtag|\#|Polaris} {hashtag|\#|investment} {hashtag|\#|zurich} {hashtag|\#|team}
👋 Join us at SuperReturn International 2024 in Berlin and meet members of our team: @[Stefan Brägger](urn:li:person:tz4DJW2pSM), @[Claus Hilpold](urn:li:person:pm_oBLLoNs), @[Rolf Dreiseidler](urn:li:person:eJb5ufBUs0) and @[Marijn Dumoulin](urn:li:person:OT3JXP2B0u). If you are an asset manager looking to expand your investor base in Europe, we would be thrilled to share our insights on the current fundraising market with you. For LPs interested in exploring which managers \(GPs\) we represent and the rationale behind our partnerships, please feel free to reach out to us. To schedule a one-on-one meeting with our team, please contact us at 𝗲𝘃𝗲𝗻𝘁𝘀\@𝗽𝗼𝗹𝗮𝗿𝗶𝘀-𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀.𝗰𝗼𝗺 📩 ℹ️ POLARIS is also hosting a sightseeing run and yoga in the park session on June 5 & 6. If you want to participate leave us a comment below and we will contact you with the details. {hashtag|\#|POLARIS} {hashtag|\#|assetmanagement} {hashtag|\#|Berlin} {hashtag|\#|SuperReturn} {hashtag|\#|PrivateEquity}
We invite you to join the Sightseeing Run and/or Yoga in the Park session hosted by 𝗣𝗢𝗟𝗔𝗥𝗜𝗦, @[Portfolio Advisors](urn:li:organization:9429580), and @[Axiom Asia Private Capital](urn:li:organization:473149) at the SuperReturn International 2024 in Berlin!👇 🏃‍♂️ 𝗦𝗶𝗴𝗵𝘁𝘀𝗲𝗲𝗶𝗻𝗴 𝗥𝘂𝗻: Wednesday, June 5, 2024 - 7:00 AM ➡️ Join our team on a route that will take us through Berlin to see the city’s most iconic sites, including the Victory Column, the Reichstag Building and past the Brandenburg gate. 𝗥𝘂𝗻 𝗹𝗲𝗻𝗴𝘁𝗵: Approximately 1 hour 𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝗶𝗲𝘀: Leisure 6 km / Sport 8 km / Pro Athlete 10 km \(Participants in the Pro Athlete category need to qualify\) 🧘‍♂️𝗬𝗼𝗴𝗮: Thursday, June 6, 2024 - 7:00 AM ➡️ Start your day with a morning yoga session in Berlin's beautiful Tiergarten led by a certified yoga instructor. This class is designed for yogis of all abilities, come join us as we flow together in one of Berlin's most iconic outdoor spaces! 𝗬𝗼𝗴𝗮 𝘀𝗲𝘀𝘀𝗶𝗼𝗻 𝗹𝗲𝗻𝗴𝘁𝗵: Approximately 1 hour 𝗔𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀: All levels 𝗜𝗳 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗽𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗲, 𝗹𝗲𝗮𝘃𝗲 𝘂𝘀 𝗮 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 𝗯𝗲𝗹𝗼𝘄 𝗮𝗻𝗱 𝘄𝗲 𝘄𝗶𝗹𝗹 𝗰𝗼𝗻𝘁𝗮𝗰𝘁 𝘆𝗼𝘂 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝘀. 💬 Feel free to share this information with fellow runners and yoga enthusiasts or directly tag them in the comments! We look forward to seeing you in Berlin! 🙌 {hashtag|\#|POLARIS} {hashtag|\#|Berlin} {hashtag|\#|AxiomAsia} {hashtag|\#|SuperReturn} {hashtag|\#|privateequity} {hashtag|\#|Portfolioadvisors}
"𝗢𝗼𝗽𝘀, 𝘁𝗵𝗲𝘆 𝗱𝗶𝗱 𝗶𝘁 𝗮𝗴𝗮𝗶𝗻!" 👏 Big shout-out to our friends at @[Portfolio Advisors](urn:li:organization:9429580) for hosting another fantastic workshop on private equity secondaries—this time in a stunning location in the city of Düsseldorf. ➡️ At POLARIS, we have always been strong believers in the middle market, and we were particularly intrigued by related insights in the context of GP-led deal flow & opportunities: 🌐 𝗕𝗿𝗼𝗮𝗱𝗲𝗿 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀: The U.S. middle market boasts an estimated 140,000+ companies, compared to just over 3,000 in the large cap space. This presents a vast landscape for investment. 💸 𝗠𝗼𝗿𝗲 𝗔𝘁𝘁𝗿𝗮𝗰𝘁𝗶𝘃𝗲 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻𝘀: On average, mid-market purchase multiples are about 40% lower than those seen in large cap transactions. ⚖️ 𝗥𝗲𝗱𝘂𝗰𝗲𝗱 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗗𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝗰𝗲: Mid-market investments typically involve around 37% less leverage, suggesting a more sustainable financial structure. 🚀 𝗦𝘁𝗿𝗼𝗻𝗴 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹: The upper quartile of mid-market funds outperforms large/mega cap funds by 12.3%, indicating significant alpha-generating capability. 𝗙𝗼𝗿 𝗮𝗹𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗲𝗮𝗴𝗲𝗿 𝘁𝗼 𝗲𝗻𝗵𝗮𝗻𝗰𝗲 𝘁𝗵𝗲𝗶𝗿 𝗲𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗳𝗼𝗰𝘂𝘀𝗲𝗱 𝗸𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲 𝘀𝗵𝗮𝗿𝗶𝗻𝗴: 👉 This June, Portfolio Advisors will be rolling out this exclusive workshop series on Private Equity Co-Investments to Zurich, Geneva, Munich, and Vienna. 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱? 📩 Get in touch with us to learn more! {hashtag|\#|PrivateEquity} {hashtag|\#|InvestmentOpportunities} {hashtag|\#|FinanceWorkshop} {hashtag|\#|POLARIS} {hashtag|\#|PortfolioAdvisors} {hashtag|\#|MiddleMarket}
𝗘𝘅𝗰𝗶𝘁𝗶𝗻𝗴 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗔𝗜𝗖 𝟮𝟬𝟮𝟰! 💡👇 After nearly a decade of spearheading the Alternative Investor Conference as Deputy Chairman of the BAI, our Managing Partner, @[Rolf Dreiseidler](urn:li:person:eJb5ufBUs0), joined this year's event alongside our esteemed colleagues from @[Portfolio Advisors](urn:li:organization:9429580). 🔑 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗥𝗼𝗹𝗳: 1️⃣ 𝗥𝗲𝗰𝗼𝗿𝗱 𝗣𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗶𝗼𝗻: The conference saw an unprecedented turnout with around 1,300 registrations. There was a cautiously optimistic atmosphere, a refreshing change from last year’s more subdued mood. 2️⃣ 𝗦𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁 𝗼𝗻 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗗𝗲𝗯𝘁: Over the next 12 months, investors are particularly bullish on private debt. A critical piece of advice is to carefully evaluate managers for their work-out capabilities. 3️⃣ 𝗘𝘃𝗼𝗹𝘃𝗶𝗻𝗴 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗶𝗻 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗘𝗾𝘂𝗶𝘁𝘆: LPs are expecting a widening gap in performance across the sector, with small to mid-cap managers poised for superior results. These firms, focusing on hands-on operational improvements, are especially well-equipped to navigate the current market dynamics. 👏 Kudos to the @[Bundesverband Alternative Investments e.V. \(BAI\)](urn:li:organization:18559162) for a tremendously successful AIC 2024! We are eagerly anticipating what next year will bring. {hashtag|\#|AIC2024} {hashtag|\#|InvestmentTrends} {hashtag|\#|PrivateEquity} {hashtag|\#|PrivateDebt} {hashtag|\#|Networking}

📝 𝗣𝗢𝗟𝗔𝗥𝗜𝗦 and Axiom Asia Private Capital are excited to have contributed to the latest Absolut\|private edition by Absolute Research: Our article, "Asiatisches Private Equity im institutionellen Portfolio," delves into the exciting investment opportunities presented by the robust growth of Asian economies.📈

Authored by Alex Sao Wei Lee, Debbi Sutuntivorakoon, and Ernest Ong from Axiom Asia, alongside our very own Rolf Dreiseidler from POLARIS, this paper offers valuable insights into the current geopolitical and macroeconomic landscape of the region. We explore the significance of Asia for institutional investors and present strategies to capitalize on the region's growth potential. 🇩🇪 While the article is in German, we highly recommend downloading the e-paper from the Absolute Research website to access this insightful content:👉 https://lnkd.in/eCN\_MZcN

𝗔 𝗳𝗲𝘄 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗮𝗿𝘁𝗶𝗰𝗹𝗲:

1️📈 𝗔𝘀𝗶𝗮'𝘀 𝗚𝗿𝗼𝘄𝘁𝗵 𝗠𝗮𝗿𝗸𝗲𝘁: Asia, home to 60% of the world's population and projected to hold 65% of the global middle class by 2030, is a dynamic growth market with GDP growth forecasts for countries like India, Indonesia, and China significantly higher than those of the Western world.

2️🌏 𝗨𝗦-𝗖𝗵𝗶𝗻𝗮 𝗚𝗲𝗼𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗧𝗲𝗻𝘀𝗶𝗼𝗻𝘀: The geopolitical tension between the US and China, especially regarding Taiwan, remains a challenge. However, the strong economic interdependence between China and Taiwan mitigates potential conflicts and supports the current status quo.

3️💼 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗘𝗾𝘂𝗶𝘁𝘆 𝗶𝗻 𝗔𝘀𝗶𝗮: Private equity in Asia offers significant advantages over Western markets due to lower reliance on debt and higher growth rates in sectors such as healthcare and IT. This makes the region an attractive investment option, particularly considering diversification and long-term return benefits.

As Asia continues to be a driving force in the global economy, understanding the nuances of its private equity market is crucial for investors seeking to diversify and optimize their portfolios.

To learn more about Asian private equity, leave us a message below or reach out to us directly. We also have a few hard copies to give away...

{hashtag|\#|polaris} {hashtag|\#|investment} {hashtag|\#|privateequity} {hashtag|\#|privateequityasia} {hashtag|\#|axiomasia}

Events

When:

18 Jun

2024

-

20 Jun

2024

Where:

Vienna, Munich, Zurich and Geneva

Portfolio Advisors Co-Investment Workshops

Portfolio Advisors

portfolio-advisors-co-investment-workshops-in-europe
18 Jun
2024

Portfolio Advisors Co-Investment Workshops

Portfolio Advisors

Topic and speakers

Join Portfolio Advisors' Co-Head of Co-Investments, Ben Hur, to learn everything about Co-Investment.

Get exclusive insights:

◾ From inception to completion

◾ Deal sourcing, evaluation, fundamental company analysis

◾ Common pitfalls, dons and dont's, and successful deal closing

Don't miss this opportunity to expand your knowledge and network with industry experts!

If you are interested in participating in the workshops email us at events@polaris-investments.com

Times & locations

June 17, Vienna

June 18, Munich

June 19, Geneva

June 20, Zurich

All workshops start at 15:00, followed by a casual dinner and drinks at 18:00 in each city.

When:

19 Jun

2024

-

Where:

Zurich

PEI Switzerland

POLARIS

pei-switzerland
19 Jun
2024

PEI Switzerland

POLARIS

Topic and speakers

POLARIS' Managing Partner, Stefan Brägger, will be moderating the Panel: LP Outlook for 2024 and Beyond at the PE Insights Switzerland.

Times & locations

Date/Time: 19 June, 2024

Location: Marriott Hotel, Neumühlequai 42, Zürich.

When:

5 Jun

2024

-

6 Jun

2024

Where:

Berlin

Sightseeing Run and Yoga in the Park SuperReturn Berlin

POLARIS, Axiom Asia & Portfolio Advisors

sightseeing-run-and-yoga-in-the-park-superreturn-berlin
5 Jun
2024

Sightseeing Run and Yoga in the Park SuperReturn Berlin

POLARIS, Axiom Asia & Portfolio Advisors

Topic and speakers

We invite you to join the POLARIS, Axiom Asia and Portfolio Advisors Sightseeing Run and Yoga in the Park session at the SuperReturn Berlin 2024.

Join our team to kickstart the day with a burst of energy and some fresh air with a refreshing morning run and/or yoga session.

Sightseeing Run: Wednesday, 5th June

Run Length: Approximately 1 hour

Categories: Leisure 6 km / Sport 8 km / Pro 10 km

Yoga in the Park: Thursday, 6th June

Session Length: Approximately 1 hour

Abilities: All levels

To join the run and/or yoga session, send us an email to events@polaris-investments.com.

We look forward to running with you!

Times & locations

Date/Time: 5th and 6th of June, 2024 at 07:00am

Meeting point: Intercontinental Hotel(conference venue)

When:

19 Mar

2024

-

Where:

Berlin

Infra Global Summit Berlin 2024 Sightseeing Run

POLARIS, Sandbrook Capital & Northleaf Capital Partners

infrastructure-investor-global-summit-berlin-2024-sightseeing-run
19 Mar
2024

Infra Global Summit Berlin 2024 Sightseeing Run

POLARIS, Sandbrook Capital & Northleaf Capital Partners

Topic and speakers

We invite you to join the POLARIS, Sandbrook Capital & Northleaf Sightseeing Run at the Infrastructure Investor Global Summit 2024 in Berlin.

 

Join our  team to kickstart the day with a burst of energy and some fresh air with a refreshing morning run. Our route that will take us through modern and historic Berlin to see some of the city’s most iconic sites, including the UNESCO World Heritage Museum Island, the Reichstag Building and past the Brandenburg gate.

 

Run details:
Run length: Approximately 1 hour

Categories: Leisure group 6km / Sport group 8km
 

We look forward to running with you!

Times & locations

Date: 19 March, 2024

Time: 7:00am

Meeting point: Hilton Berlin entrance (conference venue)

To join the run, send us an email to events@polaris-investments.com

When:

16 Nov

2023

-

Where:

Zurich

SuperInvestor Run Zurich 2023

POLARIS & Portfolio Advisors

superinvestorrunzurich2023
16 Nov
2023

SuperInvestor Run Zurich 2023

POLARIS & Portfolio Advisors

Topic and speakers

We invite you to join the POLARIS & Portfolio Advisors Run at the SuperInvestor 2023 in Zurich.

Join our team to kickstart the day with a burst of energy and some fresh air with a refreshing morning run. We can measure our speed against the Swiss airplanes getting ready for take off.

Run Lenght: Approximately 1 hour

Categories: Leisure group 6km / Sport group 8km

To join the run, send us an email to events@polaris-investments.com.

We look forward to running with you!

Times & locations

Date/Time: 16 November, 2023 at 07:00am

Meeting point: Hyatt Regency Zurich Airport The Circle (conference venue)

When:

22 Mar

2023

-

Where:

Berlin

Infrastructure Investor Global Summit Sightseeing Run

POLARIS & Sandbrook

infrastructure-investor-global-summit-sightseeing-run
22 Mar
2023

Infrastructure Investor Global Summit Sightseeing Run

POLARIS & Sandbrook

Topic and speakers

We invite you to join the POLARIS & Sandbrook Capital Sightseeing Run at the Infrastructure Investor Global Summit 2023 in Berlin.

Join our team on a 7.5km route that will take us through modern and historic Berlin to see some of the city’s most iconic sites, including the UNESCO World Heritage Museum Island, the Reichstag Building and past the Brandenburg gate.

We look forward to running with you!

Times & locations

Date/Time: 22 March, 2023 at 07:00am

Meeting point: Hilton Berlin entrance (Conference Venue)

When:

20 Feb

2023

-

23 Feb

2023

Where:

Germany & Switzerland

Why ILS now?

Elementum & POLARIS on the road

why-ils-now
20 Feb
2023

Why ILS now?

Elementum & POLARIS on the road

Topic and speakers

Why ILS now?

Current market conditions in ILS offer an attractive return potential, both in absolute and relative terms vs traditional credit markets, driven by supply / demand disruption in the property cat markets and a series of significant natural catastrophe losses over the past six years.

Cat bond spreads ended the year 2022 at 12.09%, only slightly down from the record 13.3% following Hurricane Ian in late Sept (the highest spread dating back to 2000), and the January 2023 renewals provided a compelling snapshot of probably the most dislocated reinsurance market in the last 30 years.

Hear more from Elementum of why they believe that we're seeing the most attractive investment opportunity in ILS since 2012/2013. Explore how natural catastrophe event risk can play an important role as a diversifier and alternative risk premia with a low correlation to traditional financial assets.

Times & locations

• 20th February, Zurich

• 21st February, Basel

• 22nd February, Dusseldorf

• 23rd February, Munich

If you are interested in a 1:1 meeting, please reach out to your POLARIS contact person or email us at events@polaris-investments.ch

When:

27 Feb

2023

-

28 Feb

2023

Where:

Switzerland

European Value Add Real Estate

LaSalle & POLARIS on the road

european-value-add-real-estate
27 Feb
2023

European Value Add Real Estate

LaSalle & POLARIS on the road

Topic and speakers

European Value Add Real Estate

In a rapidly evolving real estate market in Europe, LaSalle’s value-add team has identified several high conviction investment themes. Whether it’s investing in last-mile logistics, flexible office space, serviced bed strategies or converting old assets into green carbon neutral properties, hear more from LaSalle where they are currently seeing the best value-add real estate opportunities in Europe.

Times & locations

• 27th - 28th February, Geneva & Lausanne

If you are interested in a 1:1 meeting or want to receive the LaSalle research outlook for 2023, please reach out to your POLARIS contact person or email us at events@polaris-investments.ch

When:

17 Jan

2023

-

Where:

Webinar

Investor Interest: Private equity’s fundraising squeeze

POLARIS & Private Equity Wire

investor-interest-private-equitys-fundraising-squeeze
17 Jan
2023

Investor Interest: Private equity’s fundraising squeeze

POLARIS & Private Equity Wire

Topic and speakers

Our Managing Partner Rolf Dreiseidler will be speaking at the upcoming Private Equity Wire’s Webinar “Investor Interest: Private equity's fundraising squeeze".

Get exclusive insights on these exciting talking points:

◾ Why investors are most positive on long-term allocations but fundraising looks tight next year

◾ Following macro and liquidity concerns during 2022, what are the investment priorities for institutional investors globally

◾ How fund managers are unlocking new investors in the Middle East and in private wealth, and the challenges in both segments

Join him online at this insightful gathering of peers.

Times & locations

Webinar

Date: Tuesday, January 17th, 2023

Time: 11am ET / 4pm GMT

Register here: https://resources.privateequitywire.co.uk/investor-interest

News & Publications

Jun
2024

Asiatisches Private Equity im institutionellen Portfolio

Asiatisches Private Equity im institutionellen PortfolioDOWNLOAD PDF
Jun
2024

Asiatisches Private Equity im institutionellen Portfolio

Authored by Rolf Dreiseidler from POLARIS, Alex Sao Wei Lee, Debbi Sutuntivorakoon, CFA, and Ernest Ong from Axiom Asia, this paper offers valuable insights into the current geopolitical and macroeconomic landscape of the region. It explores the significance of Asia for institutional investors and presents strategies to capitalize on the region's growth potential. Please contact us if you want to have access to this paper.

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Dec
2023

Sandbrook Capital Raises $1.5 Billion for Climate Infrastructure Inaugural Fund

Sandbrook Capital Raises $1.5 Billion for Climate Infrastructure Inaugural FundDOWNLOAD PDF
Dec
2023

Sandbrook Capital Raises $1.5 Billion for Climate Infrastructure Inaugural Fund

Sandbrook Capital, a private investment firm dedicated to transforming the world’s energy infrastructure, today announced the final closing of Sandbrook Climate Infrastructure Fund I at its hard cap of $1.5 billion. The fund, which significantly exceeded its $1.0 billion target, represents one of the largest emerging manager vehicles focused on energy transition infrastructure. The firm now manages $2.1 billion in limited partner capital, including associated co-investment vehicles.

Sandbrook’s founders have been investing together for nearly 15 years and bring decades of experience in the renewable energy sector. Collectively, they have established a differentiated investment track record across multiple geographies, sectors and business cycles. The firm has built a diverse team of nearly 30 people, including investment professionals from a number of leading private equity firms as well as executives with significant operational expertise, such as the former CEOs of Engie, Siemens Gamesa and Avangrid.

The fund invests in North America and Europe, supporting the growth of companies primarily within the clean power generation, transmission, storage, energy efficiency and industrial decarbonization sectors, as well as associated services and supply chain businesses. It has received strong support from a broad group of limited partners across North America, Europe and Asia, including pension funds, corporations and family offices.

Sandbrook’s founders said, “We are humbled by the overwhelming support of our investors, with whom we share common values and ambitions. The transition to a low carbon future is one of the greatest opportunities of our generation, and we will continue to draw on the experience of our investment and operations teams to accelerate proven climate infrastructure platforms to sustainably and profitably electrify the world.”

The fund has already made significant capital commitments to three platform investments:

- In August 2023, Sandbrook, alongside PSP Investments and IMCO, acquired NeXtWind, a leading German renewable energy company dedicated to leveraging existing clean power infrastructure by upgrading onshore wind farms. With $750 million of committed capital, NeXtWind is rolling up and repowering the large, fragmented and aging German onshore wind market and, in the process, growing into one of Germany’s largest renewable power producers.

- In June 2023, Sandbrook launched Voltwise Power, a developer, owner and operator of utility-scale battery energy storage systems (BESS). Voltwise is initially focusing on the UK and Germany, with the intention of expanding further across Europe. The company targets BESS projects strategically located near large power demand centers, in regions where the power grid faces heightened congestion, price volatility and fragility.

- In November 2022, Sandbrook acquired Havfram AS, a Norwegian company focused on the installation of offshore wind generation facilities in Europe. The company is currently building two next-generation turbine installation vessels capable of installing and servicing 20 MW+ offshore wind turbines. Both vessels are already contracted to build some of the world’s largest offshore wind farms over the 2026-2030 period, in partnership with leading operators such as Vattenfall, RWE and Ørsted.

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Jun
2023

Ergänzung im Portfolio - Kredite Für die Finanzierung eines Eigenheims gibt es neben den Banken eine Vielzahl an attraktiven Anbietern.

Ergänzung im Portfolio - Kredite Für die Finanzierung eines Eigenheims gibt es neben den Banken eine Vielzahl an attraktiven Anbietern.DOWNLOAD PDF
Jun
2023

Ergänzung im Portfolio - Kredite Für die Finanzierung eines Eigenheims gibt es neben den Banken eine Vielzahl an attraktiven Anbietern.

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Apr
2023

POLARIS further strengthens advisory board with the addition of accomplished fund manager

POLARIS further strengthens advisory board with the addition of accomplished fund managerDOWNLOAD PDF
Apr
2023

POLARIS further strengthens advisory board with the addition of accomplished fund manager

POLARIS has appointed David Hansen to its advisory board as of April 1st. David joins the board of international renowned advisors to support POLARIS with his extensive experience in Alternative Investments and Private Debt in particular.

David is part of Kapital1852 in Dusseldorf since 2020. He played a key role in setting up the Private Debt division and is responsible for its ongoing development. Asa fund manager, he is responsible for the entire investment process, from sourcing new opportunities to investment decisions and downstream portfolio monitoring. Prior to joining Kapital 1852, he worked at Bankhaus Lampe and at Santander.

Rolf Dreiseidler, Managing Partner at POLARIS: "I've had the pleasure of working informally with David and his team for some time now, and I am absolutely impressed with what they have built in the realm of private debt. Their depth of analysis, nuanced approach, and passion for manager assessment are truly remarkable. I am thrilled to have David as a highly qualified advisor and look forward to continuing our work together.”

Further members of the advisory board include Dajana Brodmann, Senior Advisor Infrastructure, Johannes Jasper, Senior Advisor Liquid Alternatives, John Fraser, Senior Advisor Private Debt, Marc Lau, Senior Advisor Asia and Pablo Lopez de Ayala, Senior Advisor Private Equity.

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Mar
2023

Deerpath Capital Closes Sixth Flagship Fund with $1.5 Billion in Equity Commitments

Deerpath Capital Closes Sixth Flagship Fund with $1.5 Billion in Equity CommitmentsDOWNLOAD PDF
Mar
2023

Deerpath Capital Closes Sixth Flagship Fund with $1.5 Billion in Equity Commitments

NEW YORK, March 20, 2023 /PRNewswire/ -- Deerpath Capital Management, LP ("Deerpath"), one of the largest providers of customized, cash-flow based senior debt financing to lower-middle market companies across North America, today announced the closing of Deerpath Fund VI ("Fund VI") with $1.5 billion of equity capital commitments from investors. The fund held its final closing earlier this year.

Fund VI is part of Deerpath Capital's senior debt financing platform, which has deployed approximately $9 billion since the firm's inception in 2007. Combined with debt financing for its levered investment vehicles, Deerpath secured more than $2.8 billion in total capital available for deployment, a fundraising record for the firm. Deerpath has already committed 65% of Fund VI to a large pool of portfolio companies, which are diversified by industry, geography, and private equity sponsor.

"Deerpath's investment philosophy has not changed since the firm was founded 16 years ago. We have a distinct ability to seek out strong investment opportunities in the U.S. lower middle market and underwrite conservative loan structures with ample protections when compared to the larger direct lending market," said Antonella Napolitano, Global Head of Investor Relations and Capital Formation. "The successful raise of Fund VI validates investors' appreciation for our strategy and consistent ability to deliver strong, risk-adjusted returns while avoiding credit losses in all market environments."

Fund VI received continued support from existing investors and welcomed many new investors from around the globe, accepting commitments from more than 50 limited partners domiciled in the US, Canada, Germany, Japan, Lebanon, and Panama. Deerpath invests its capital in first-lien senior debt to high-quality companies with enterprise valuations between $50 million and $150 million. These companies have extensive operating histories, are owned by strong private equity sponsors, have cash generative business models with proven profitability, and have shown their ability to endure through market cycles. Deerpath's investment model is designed to deliver sturdy returns while prioritizing capital preservation in any economic climate.

About Deerpath Capital Management, LP

Deerpath Capital Management, LP is one of the largest providers of customized, cash-flow based senior debt financing to lower-middle market companies across diverse industries. Since being founded in 2007, the firm has deployed more than $8 billion across 800-plus investments. As of March 2023, the firm's AUM is approximately $6 billion. For more information, please visit www.deerpathcapital.com.

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Dec
2022

Interview with Pablo Lopez de Ayala

Interview with Pablo Lopez de AyalaDOWNLOAD PDF
Dec
2022

Interview with Pablo Lopez de Ayala

𝗣𝗢𝗟𝗔𝗥𝗜𝗦 Managing Partner Stefan Brägger met our Senior Advisor Pablo Lopez de Ayala in Madrid to discuss private markets.

Stefan: Pablo, why do you think asset managers should fundraise in Europe?

Pablo: European investors represent about 30% of total private equity commitments worldwide and, on average, have lower allocations than US investors. Particularly US PE managers have often underestimated the fundraising potential with European investors given their strong home market and have neglected to build long-term relationships, particularly outside a fundraising campaign. According to different research, it’s estimated that there are between 3-4k institutional investors in Europe, plus a substantial potential of providing access to PE through private wealth channels, particularly in Switzerland and the UK as strong private banking markets.

Only in Spain, interest in private markets has gone through the roof in the last few years. Traditional institutional investors have increased their investment activity in PE. In the last 12 months alone, we have heard news about private banks developing their own platforms for investing in private equity, family offices opening their activity to third party investors, etc.

My guess is that the next regime frontier in the world of private equity is providing access to retail investors. According to some estimates, retail investors are expected to increase their private equity allocation from <3% currently to over 5-10% in the coming years. That would imply a doubling of the current AUM in private markets.

I would say GPs that have not already started developing their relationships with European investors should seriously consider building a presence now, particularly given the more challenging fundraising environment, either through own offices on the ground, regular visits to conferences, or by choosing a local partner who can help them navigate the diverse investor landscape and dynamic regulatory environment.

Stefan: Pablo, in your opinion, why should asset managers looking to fundraise in Europe work with POLARIS?

Pablo: I can think of 4 main reasons. First, the POLARIS’ team track record with 15 years of experience. Successful fundraising for private equity is almost an art where experience and relationships make a big difference, and Polaris’ senior team has a 15-year track record. Basically I could say POLARIS was born around the same time as I debuted in private markets! In my view, they not only have access to investors they know well (vs just having a long list of contacts) but they have also raised capital in tough markets by understanding what is relevant for their investors. I also like that they work with their managers over many years / funds, as we Europeans aren’t always the fastest decision makers.

The second reason is for regulatory guidance. The European regulatory environment is very dynamic and can be hard to navigate, which has complicated accessing European investors. I remember it used to be much easier when I started investing in private equity in the early 2000s.

For me as Senior Advisor it’s important that POLARIS has a fully regulated set-up with an in-house legal & compliance team that can guide and provide managers with comfort in regulatory matters and the selection of service providers for European fund structures. POLARIS can offer their services across the EU and this is essential for any manager looking to fundraise in Europe, a market with a relatively higher degree of complexity.

The third reason is the investment expertise. I think we all would agree that in a market with information asymmetries, as we have in private markets, intermediaries play a critical role. Whereas it is quite common to find salespeople moving to the buyers’ side, the opposite rarely happens. In the case of POLARIS this is one of their strengths. Their team has worked in PE investment management and is complemented by a Senior Advisory Board composed of experienced and active investors, allowing them to carefully choose high quality mandates and select those relevant to LPs . As I see it, POLARIS has built a platform that adds value to both the GPs they work for and their investors.

And the last and fourth reason is technology savvy. Investing in private equity as an LP is typically a resource-intensive activity with limited scalability where technology presence throughout the process is sparse. If I was asked what will differentiate the private equity investment process fifteen years from now, I would definitely point to the presence of technology. Whereas digitalizing the investment process is not easy, because investors usually find it hard to integrate technology tools within their internal processes, Polaris has already designed a digital platform where LPs can access the different mandates Polaris offers in a very user-friendly environment, again a consequence of their investor mindset. I think this is only the beginning of an evolution and Polaris has the capabilities and, what is more important, the will to be part of it.

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Oct
2022

Cat Bond Market Opportunities by Elementum

Cat Bond Market Opportunities by ElementumDOWNLOAD PDF
Oct
2022

Cat Bond Market Opportunities by Elementum

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Oct
2022

POLARIS strengthens advisory board with the addition of renowned institutional investor

POLARIS strengthens advisory board with the addition of renowned institutional investorDOWNLOAD PDF
Oct
2022

POLARIS strengthens advisory board with the addition of renowned institutional investor

POLARIS has appointed Johannes Jasper to its advisory board as of October 1st. Johannes joins the board of international renowned advisors to support POLARIS with his longstanding expertise as institutional investor as well as with his extensive network in assessing and selecting new investment opportunities in liquid alternatives.

Since 2016, Johannes works as a Senior Investment Professional at Siemens Pensions in Munich, where he is responsible for the UCITS absolute return and offshore hedge fund portfolios. Former roles include Portfolio Manager Hedge Funds and Commodity Investment at Bayerische Versorgungskammer (BVK) as well as Portfolio Manager at single family office Cara Investment.

Rolf Dreiseidler, Managing Partner at POLARIS: "Having worked with Johannes on a joint book project on alternative investments and knowing him for a long time as a true industry expert, we feel very privileged to welcome him to our advisory board. We are very much looking forward to exploring new investment opportunities that can help our investors navigate the challenging markets with him.”

Further members of the advisory board include Dajana Brodmann, Senior Advisor Infrastructure, John Fraser, Senior Advisor Private Debt, Marc Lau, Senior Advisor Asia and Pablo Lopez de Ayala, Senior Advisor Private Equity.

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Sep
2022

BPEA Closes Fund VIII At $11.2 Billion

BPEA Closes Fund VIII At $11.2 BillionDOWNLOAD PDF
Sep
2022

BPEA Closes Fund VIII At $11.2 Billion

The Fund was oversubscribed and closed at its hard cap, making it one of the largest private equity funds ever raised in Asia

13 September 2022 – Baring Private Equity Asia (“BPEA” or the “Firm”) confirms the final closing of its eighth private equity fund, The Baring Asia Private Equity Fund VIII (“Fund VIII” or the “Fund”). The Fund closed with total capital commitments of US$11.2 billion, surpassing its US$8.5 billion target, making it one of the largest ever private equity funds raised by an Asia-based private equity firm.

Founded in 1997, BPEA is one of the largest and longest-standing private market investment firms in Asia and a leader in active ownership strategies. The Firm has $22 billion of assets under management, more than 220 employees, and ten offices globally. In March 2022, BPEA announced that it will combine with EQT, a leading global investment firm. The transaction is expected to close in Q4 2022.

Fund VIII, which is materially larger than its predecessor, received strong support from both existing and new investors globally. As with BPEA’s prior funds, Fund VIII is very well diversified geographically, with commitments equally split between local Asian investors, and those based in North America and EMEA.

The Fund will pursue the same proven investment strategy as BPEA’s prior funds, focusing on being an active owner in control-oriented investments throughout the entire Asia Pacific region across seven core sectors, including healthcare, technology services, business services, education, financial services, consumer, and advanced manufacturing. As of June 2022, BPEA’s predecessor Fund VII was delivering a gross internal rate of return (IRR) of 38% and is one of the top-performing funds in its vintage.

Jean Eric Salata, Chief Executive and Founding Partner of BPEA, commented: “We are grateful to our existing investors who have continued to support us by committing to Fund VIII, and are excited to welcome a large number of new client relationships to the BPEA platform. It is both a privilege and a great responsibility to be a fiduciary for the many institutions, private individuals, and employee retirement funds we are fortunate to count as clients. We operate in one of the most dynamic regions for private market investing, and the scale of BPEA Fund VIII positions our Firm well to capitalize on investment opportunities across the entire Asia Pacific region, future-proofing companies and making a positive impact through our active ownership strategy.”

BPEA is a long-standing responsible investor that seeks to create value for all stakeholders through a sustainable approach to investing and within its own business. As an active owner, the Firm works closely with the management of investee companies to drive sustainable business practices that future-proof portfolio companies and ultimately deliver stronger and more sustainable returns over the long term for BPEA’s clients. BPEA has established a sustainability-linked credit facility for BPEA Fund VIII. The facility is the largest of its kind in Asia. It helps to promote the continued adoption of sustainable business practices in Asia and globally by focusing on climate change and gender.

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Sep
2022

LaSalle Asia Opportunity VI raises over US$2.2 Billion

LaSalle Asia Opportunity VI raises over US$2.2 BillionDOWNLOAD PDF
Sep
2022

LaSalle Asia Opportunity VI raises over US$2.2 Billion

SINGAPORE (September 08, 2022) —LaSalle Investment Management (“LaSalle”) has raised over US$2.2 billion of equity for LaSalle Asia Opportunity VI (“LAO VI” or “the Fund”), including sidecars and co-investment programmes, exceeding its initial target of US$1.5 billion. The committed capital has been secured from global institutional investors and will provide buying power for over US$7 billion worth of assets.

LAO VI is the sixth in LaSalle’s closed-ended, opportunistic fund series focusing on Asia Pacific. In keeping with its predecessor funds, LAO VI seeks to take advantage of mispriced assets with opportunities to add value through repositioning and redevelopment in Asia Pacific’s key markets including Australia, China, Hong Kong, Japan, Korea and Singapore, having invested approximately 25% of committed capital so far in a diversified portfolio. To date, the LaSalle Asia Opportunity Fund series has invested in over US$13 billion worth of assets. In the last 10 years, the average asset returns generated by the series have exceeded its target of 18% net IRR.

The fund’s investment strategy is led by Kunihiko (Nick) Okumura and Claire Tang in their expanded roles as Co-Chief Investment Officers of LaSalle Asia Pacific, which they assumed in 2021 after former Asia Pacific CEO and CIO Mark Gabbay became LaSalle’s Global CEO. With over 40 years of real estate experience between them, Nick and Claire continue to provide steady leadership and build momentum for the growth of LaSalle’s business in the region.

Globally, LaSalle has established itself as a significant player in value-add investment strategies and continues to expand its capabilities in this area. “We are focused on bolstering our platform in this strategy across all regions where we operate, to meet the continued investor demand for enhanced alpha throughout market cycles,” commented Mark Gabbay, Global Chief Executive Officer.

Keith Fujii, Head of Asia Pacific, commented: “The LaSalle Asia Opportunity Fund series offers investors access to a region with healthy market fundamentals and risk-return diversification opportunities afforded by varying market cycles, backed by the expertise and experience of LaSalle’s long-standing Asia Pacific platform which has been operating since 2000.”

Marc Montanus, Fund Manager for the LaSalle Asia Opportunity Fund Series, added: “We are pleased to have raised over US$2.2 billion for LAO VI and to have again exceeded our initial target for the Fund, especially against the economic headwinds brought by the pandemic over the past two years. This is testament to our investors’ confidence in LaSalle’s excellent track record in deploying capital and generating strong investment performance for our clients.”

About LaSalle Investment Management LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, we manage approximately $82 billion of assets in private equity, debt and public real estate investments as of Q1 2022. The firm sponsors a complete range of investment vehicles including open- and closed-end funds, separate accounts and indirect investments. Our diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. For more information please visit www.lasalle.com and LinkedIn.

NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.

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Apr
2022

Crypto-Land ist viel mehr als nur Bitcoin

Crypto-Land ist viel mehr als nur BitcoinDOWNLOAD PDF
Apr
2022

Crypto-Land ist viel mehr als nur Bitcoin

FRANKFURT – Web 3.0 ist die Weiterentwicklung des Internets hin zu einem Internet of Values, bei dem die Blockchain unterstützend wirkt, wie Claus Hilpold von der L1 Digital AG beim 193. Hedgework im April 2022 anhand verschiedener Beispiele ausführte. „Hier werden sich noch viele spannende Dinge entwickeln, von denen wir noch gar keine Idee haben“, sagte er abschließend.

Hedgework: Herr Hilpold, was fasziniert Sie an Web 3.0 und dem Bereich der Digital Assets und worin sehen Sie hier Potenzial?

Claus Hilpold: Mit Web 3.0 entwickelt sich das derzeitige Internet, so wie wir es kennen, weiter – von einem Internet der Informationen zu einem Internet der Werte (Internet of Values). Die Blockchain als Mosaikteilchen in dieser Entwicklung ermöglicht es, Daten und Zustände verteilt über das Internet in hunderten oder gar tausenden Datenbanken (Nodes) parallel zu speichern. Man könnte sich nun fragen, wie effizient es ist, die gleichen Daten redundant in so vielen Datenbanken gleichzeitig zu speichern. Aber die Logik, die damit einhergeht, ist der Umstand, dass man auf diese Weise das Element Vertrauen digital abbildet. Wenn nun ein bösartiger Teilnehmer versucht, in einer Datenbank Daten zu seinen Gunsten zu ändern, fällt dies all den anderen Teilnehmern auf, da die Datenbanken nicht in sync sind. Es braucht jetzt noch eines gemeinsamen Vorgehens, wie Daten und damit Zustände in der Datenbank geändert werden können und gleichzeitig von allen Teilnehmern am Netzwerk Konsensus darüber herrscht, dass dieser neue Zustand die richtige Abbildung der Realität ist. Dieses Mosaikteilchen nennt sich Konsensusmechanismus oder Konsensusprotokoll. Bitcoin arbeitet mit Proof-of-Work – was sehr energieintensiv ist – und Ethereum befindet sich gerade im Merge von Proof-of-Work zu Proof-of-Stake. Die Kombination von Blockchain und Konsensusmechanismus wiederum erlaubt es, die Rolle des zentralen Mittelsmannes obsolet zu machen. Künftig heißt es „Code is law“.

Hedgework: Was bedeutet das?

Hilpold: Dies bildet nun die Grundlage, um nicht nur den Anwendungsfall einer digitalen Währung auf diesen Eckpfeilern dezentral und ohne Mittelsmann abzubilden, wie es im Jahr 2008 Satoshi Nakamoto mit Bitcoin getan hat, sondern im Grunde bildet es die Basis, jedwede Geschäftsmodelle künftig nicht mehr als zentrales Geschäftsmodell über die Etablierung einer Firma, sondern dezentral als Projekt auf der Blockchain abzubilden. Dies gilt in erster Linie für alle Geschäftsmodelle, welche ohnehin digitaler Natur sind, aber geht auch weit darüber hinaus. Das Beispiel „Helium – The People’s Network“ zeigt dies sehr illustrativ anhand der Dienstleistung eines Telekommunikationsanbieters auf. Die immense Power und das disruptive Potenzial, das in einer solchen Herangehensweise schlummert, ist dem Umstand geschuldet, dass es künftig keiner komplexen bürokratischen Entscheidungen mehr bedarf, um eingefahrene Prozesse zu verbessern oder neue ins Leben zu rufen. Wenn man im bestehenden Projekt – nehmen wir an Helium oder Ethereum – etwas verbessern möchte, entwickelt man einen Vorschlag und bringt diesen als sogenanntes „Improvement Proposal“ zur Diskussion und Abstimmung in der Community. Wenn man eine gänzlich neue Idee hat, startet man diese dezentral auf der Blockchain. Die Veränderungsgeschwindigkeit wird dadurch künftig nochmals exponentiell zunehmen.

Hedgework: Und wie kann man nun in derartige Entwicklungen investieren und daran partizipieren?

Hilpold: Grundsätzlich ist zu sagen, dass wir uns hier im Venture-Capital-Bereich bewegen, mit all seinen Chancen aber auch Risiken und der entsprechenden Komplexität. Anders als im klassischen Venture-Bereich ist es aber Privatinvestoren hier möglich, selbst sehr früh durch den Erwerb der entsprechenden Tokens auch in kleinen Beträgen entsprechendes Exposure zum jeweiligen Projekt aufzubauen. Dies erlaubt es dem technisch versierten und interessierten Investor am Ball zu bleiben. Fairerweise muss man aber auch eingestehen, dass es mittlerweile mehr als 30.000 derartige Projekte gibt und neben einem gewissen technischen und finanzwirtschaftlichen Verständnis auch eine ordentliche Portion Zeit notwendig ist, um die Opportunitäten zu analysieren und mit Hilfe der jeweiligen Kommunikationskanäle wie Discord, Medium, Telegram und Twitter auf dem Laufenden zu bleiben. Hier ist es ratsam, aktive Investment Manager einzubinden. Das Fondsspektrum reicht von aktiven Tradingfonds über systematische Trendfolger, Arbitrageuren bis hin zu Venture-Capital-Fonds.

Hedgework: Kommen wir zu den drei Projekten, welche Sie beispielhaft anlässlich des 193. Hedgeworks im Café Hauptwache vorgestellt haben. Können Sie hierzu ein paar Sätze sagen?

Hilpold: Gerne – ich habe diese drei Projekte bewusst illustrativ ausgewählt, um jeweils einen Vertreter eines gänzlich unterschiedlichen Bereichs – man könnte Sektor sagen – auszuwählen und damit aufzuzeigen, dass Crypto-Land viel mehr ist als nur Bitcoin oder der Anwendungsfall „Zahlungsverkehr“. Nehmen wir das Projekt „Helium – The People’s Network“. Zentrale Telekommunikationsanbieter wie die deutsche Telekom betreiben notorisch kapitalintensive Geschäftsmodelle. Nehmen Sie das Beispiel 5G, welches derzeit aktuell ist und stellvertretend herangezogen werden kann. Bevor die deutsche Telekom in der Breite zahlende Kunden und damit Einnahmen aus 5G erwirtschaften kann, muss Sie die entsprechenden Sendestationen flächendeckend aufbauen. Das kostet Geld und Zeit für Entwicklung, Montage und Wartung. Darüber hinaus die vielen Einsprüche, welche den Faktor Zeit und Kosten weiter strapazieren. Des Weiteren bedarf es eines Back-Offices, eines Vertriebs, Marketingausgaben, Rechnungsstellung, etc. Was, wenn man nun dieses Geschäftsmodell auf den Kopf stellen könnte?

Hedgework: Nämlich wie?

Hilpold: Was, wenn man die Bevölkerung zu Beteiligten machen könnte, eine Community bilden könnte? Was, wenn man sehr viele Leute dazu bewegen könnte, dass diese die entsprechenden Sendeeinheiten – genannt Helium Hotspot – kaufen und damit in Vorkasse gehen? Sich diese bei sich zu Hause oder im Büro aufstellen und auf diese Weise ein globales Netzwerk aufbauen? Was, wenn man einen Weg findet, einen Abrechnungsmechanismus zu implementieren, welcher komplett digitalisiert ist und daher nicht mal mehr ein Back-Office erfordert. Dann müsste man nur noch einen Weg finden, die Teilnehmer in diesem Netzwerk monetär zu intensivieren. Hier kommt der Helium Token als Kryptowährung ins Spiel. Für die Bereitstellung der Netzwerkinfrastruktur und dafür, dass man ein Risiko eingeht mit der Anschaffung der Hardware wird man in einem bestimmten Verhältnis mit dem Helium Token entlohnt. Im Gegenzug muss ein Nutzer des Netzwerks Helium Token erwerben, um die Dienstleistung in Anspruch zu nehmen. Der Token stellt somit eine Art Gebühr dar, für die Nutzung der Dienstleistung und er wird auf Protokollebene belastet.

Hedgework: Mit allgemeiner Bezahlfunktion?

Hilpold: Nein, das nicht – an dieser Stelle möchte ich gleich ein weit verbreitetes Missverständnis klarstellen. Der Helium Token ist nicht dazu gedacht, beim Bäcker nebenan Brötchen einzukaufen, das heißt, er stellt keine Währung im eigentlichen Sinne dar – er gehört in die Kategorie Nutzungstoken – wie übrigens mehr als 90% aller Kryptowährungen.

Hedgework: Wie steht es mit dem 2. Beispiel?

Hilpold: Das 2. Beispiel ist das Thema NFT – also Non-fungible Token – definitiv ein großes Hype-Thema in 2021 und auch noch aktuell. Ein Non-fungible Token ist ein kryptografisch eindeutiges, unteilbares, unersetzbares und überprüfbares Token, das einen bestimmten Gegenstand, sei er digital oder physisch, in einer Blockchain repräsentiert1. Digitale Kunst ist ein möglicher Anwendungsfall. Bei dem von mir gezeigten spielerischen Anwendungsfall „NBA-Topshots“ handelt es sich um ein Projekt, dass ähnlich den aus unserer Kindheit bekannten Fußball-Stickern von Panini an die Sammelleidenschaft vieler anknüpft. Für die einen ist es eine weitere Möglichkeit, im Sinne des Merchandisings mit seinen Fans im erweiterten Kontakt zu stehen, für andere mag es die pure Aussicht auf den schnellen Gewinn sein, welche die Basis des Handels bildet. Die großen Umsatzzahlen im abgelaufenen Kalenderjahr zeigen – es gibt eine Nachfrage hierfür.

Hedgework: Ok, und drittens?

Hilpold: Das dritte Thema gehört der Kategorie Decentralized Finance (DeFi) an. AAVE stellt in diesem Zusammenhang eine dezentrale Bank dar, bei welcher die klassische Bankdienstleistung der Geldvermittlung im Sinne von verzinster Anlage auf der einen Seite und Kreditaufnahme gegen Zins auf der anderen Seite ohne zentralen Mittelsmann und damit ohne Gegenparteirisiko rein dezentral über Smart Contracts abgebildet wird. Das Gegenparteirisiko wird ersetzt durch ein Smart-Contract-Risiko.

Hedgework: Danke dafür – und haben Sie vielleicht noch einen Ausblick, welche Entwicklungen und Projekte sich bereits am Horizont abzeichnen?

Hilpold: Die Entwicklung geht weiter und wie anfangs aufgeführt, ist dies im Bereich Crypto besonders dynamisch zu erwarten. Zwei weitere Bereiche sehe ich aktuell am Horizont als mögliche Anwendungsfelder mit viel Potenzial. Zum einen sind das DAOs – Decentralized Autonomous Organizations. Das heiß, Governance-Strukturen, welche ihre Mitbestimmungsstruktur ebenfalls komplett auf die Blockchain übertragen und damit die Frage, wer was zu sagen hat, vordefinierten Regeln unterwirft. Mir ist beispielsweise ein in Singapore ansässiger Blockchain-Venture-Fonds bekannt, welcher jüngst seinen General Partner in eine DAO überführt hat. Das heißt, die Management Fees fließen künftig der DAO zu und die anschließende Verteilung der Fees erfolgt transparent und regelbasiert. Wenn jemand beispielsweise ein interessantes Projekt im Cryptobereich sieht und dieses dem Portfoliomanagement-Team vorstellt und es zu einem Investment kommt, wird derjenige für das Auffinden durch entsprechende GP Token intensiviert. Das gleiche gilt für viele weitere Teilfunktionen, welche einen General Partner als Ganzes definieren.

Hedgework: Was folgt da noch?

Hilpold: Einen weiteren spannenden Bereich mit viel Potenzial sehe ich künftig im Bereich Social Communities und Social Media in dezentralisierter Art und Weise. Man denke an ein dezentralisiertes Facebook, bei welchem nicht Mark Zuckerberg darüber bestimmt, an wen er meine Daten verkauft, sondern an eine dezentrale Version hiervon, bei welcher jeder einzelne Nutzer bestimmen kann, was mit seinen Daten geschieht. Own your own data! Nehmen Sie die Community der ganzen Hobby- und Profisportler. Wenn ich heute laufen gehe, tracke ich meinen Lauf mit einer Sportuhr. Diese Daten sind aber viel mehr als nur die Messung, wie schnell und wie weit ich unterwegs war. Es werden auch Gesundheitsdaten wie Puls, Temperatur, Herzfrequenzvariabilität, etc. gemessen. In einem nächsten Schritt ist es möglich, die Uhr mittels einer App mit einem Service, genannt Strava, zu verbinden. Hier kommuniziert man mit Gleichgesinnten in einer Art Facebook für Sportbegeisterte. Was, wenn diese Daten nun auch dezentral via Blockchain erfasst werden und auf diese Weise eine Community zwecks dezentralem Austausch gebildet würde? Was, wenn man mit diesen Daten auch gleich noch einen Datenmarktplatz aufbaut, bei welchem jedes Community-Mitglied entscheiden kann, wem er zu welchem Preis seine Daten zur Verfügung stellt? Zum Bespiel an Research-Institute, welche wissenschaftliche Untersuchungen auf einer Vielzahl von Datensätzen und Zeitreihen anstellen möchten, oder Krankenversicherungen, welche entsprechende Rabattmodelle entwickeln möchten. Und wieder gilt: „Own your own data!“

Hedgework: Ihr Fazit?

Hilpold: Hier werden sich noch viele spannende Dinge entwickeln, von denen die meisten – Stand heute – noch nicht einmal in den Köpfen der Menschen gedacht sind. Dieses Potenzial und diese Dynamik begeistern mich.

1 https://de.wikipedia.org/wiki/Non-Fungible_Token [02. April 2022]

Claus Hilpold, CFA, CAIA, ist Senior Advisor bei der L1 Digital AG. Im Jahr 2008 gründete er die POLARIS Investment Advisory AG in Zürich, ein spezialisiertes Vertriebsunternehmen für alternative Anlageformen an institutionelle Investoren in ganz Europa. Zuvor war er zuständig für das Business Development in Deutschland und Österreich bei Harcourt Investment Consulting AG und davor Teil des Derivate- und Strukturierungsteams der Commerzbank AG in Frankfurt. Bei L1D unterstützt er als Senior Advisor aktiv mit Rat und Tat den Bereich Vertrieb und Marketing.

L1 Digital AG Mit Sitz in der Schweiz konzentriert sich die L1 Digital AG als FINMA-regulierter Investment-Manager auf die Erschließung von Investitionsmöglichkeiten in der Blockchain-Industrie. Hierbei analysiert L1D Blockchainprojekte und Fonds mit dem Ziel, die weltweit besten für L1Ds Investoren investierbar zu machen. L1D wurde im Jahr 2018 gemeinsam von Ray Hindi, Dr. Philipp Cottier, Armand van Houten und Claus Hilpold in Zürich gegründet.


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Mar
2022

European placement agent POLARIS strengthens advisory board with renowned international investors

European placement agent POLARIS strengthens advisory board with renowned international investorsDOWNLOAD PDF
Mar
2022

European placement agent POLARIS strengthens advisory board with renowned international investors

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Nov
2021

LaSalle wins the PP Investments Awards 2021 for Pan-European Core Manager of the Year

LaSalle wins the PP Investments Awards 2021 for Pan-European Core Manager of the YearDOWNLOAD PDF
Nov
2021

LaSalle wins the PP Investments Awards 2021 for Pan-European Core Manager of the Year

Here they are… the winners of the Professional Pensions Investment Awards 2021. The winners of this year's awards - which celebrate industry excellence among asset managers who serve UK occupational pension schemes - were announced in an online ceremony yesterday (25 November).

The awards, now in their eighth year, recognise asset managers over a broad range of specialisms - and shine the spotlight on those whose achievements may not always be recognised by the more general UK Pensions Awards.

The awards process is unique within the industry - with the shortlist being drawn up in association with Aon, one of the leading investment consultants in the market.

The shortlist was broadly based on performance over the 12 months to 30 June 2021 but also recognises the need for consistent performance - so entrants were only shortlisted if they demonstrated both excellent performance over the 12 months to 30 June 2021 AND strong performance over a three-year time period.

Shortlisted entrants were then asked to complete a questionnaire asking them what made them stand out from their peers in terms of innovation, client service, sustainability, diversity and inclusion.

The winners in each of the categories were then decided by a distinguished panel of industry judges. Pan-European Core Property Manager of the Year

Winner: LaSalle Investment Management (Encore+)

Highly Commended:

Barings (European Core Property Fund)

Finalists:

Barings (European Core Property Fund)

Blackstone Real Estate Partners (Core+)

LaSalle Investment Management (Encore+)

Prologis (European Logistics Fund)

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Jul
2023

The Vistria Group - The Good Guys (Brunswick Review, Issue 21, 2021)

The Vistria Group - The Good Guys (Brunswick Review, Issue 21, 2021)DOWNLOAD PDF
Jul
2023

The Vistria Group - The Good Guys (Brunswick Review, Issue 21, 2021)

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Jul
2021

InfraRed Capital Partners joins the Net Zero Asset Managers Initiative and makes net-zero pledge

InfraRed Capital Partners joins the Net Zero Asset Managers Initiative and makes net-zero pledgeDOWNLOAD PDF
Jul
2021

InfraRed Capital Partners joins the Net Zero Asset Managers Initiative and makes net-zero pledge

InfraRed Capital Partners Limited (“InfraRed”) is pleased to announce that it has joined the Net Zero Asset Managers initiative, a group of 128 international asset managers representing $43 trillion, who are committed to supporting the goal of net-zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°c.

By joining the initiative, InfraRed has committed to achieving net-zero emissions for its portfolio by 2050 or sooner and it will also set 2030 interim reduction targets for a proportion of its assets under management within the next year. These commitments follow InfraRed’s decision to become Carbon Neutral from 2019 onwards and a TCFD supporter in 2020.

Werner von Guionneau, Chief Executive Officer of InfraRed Capital Partners, said:

“We are proud to join the Net Zero Asset Managers initiative and look forward to working with other like-minded asset managers to tackle one of the largest challenges faced by society. As a responsible asset manager, we firmly believe that it is in the best interests of our investors, clients and other stakeholders that InfraRed engages proactively to make a positive contribution to climate action.

With a portfolio of over 250 real assets, we have an opportunity to effect significant, positive change. Committing to net zero by 2050 is the next step in our climate journey. Joining the Net Zero Asset Managers initiative will support our ongoing efforts to be a leading driver of change within the asset management industry. This commitment fully aligns with our vision of creating a sustainable future.”

InfraRed Capital Partners

InfraRed Capital Partners is an international investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, New York, Sydney, Seoul and Mexico City. With around 200 professionals, it manages US$12bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed Capital Partners is authorised and regulated in the UK by the Financial Conduct Authority.

InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed has been a signatory of the Principles of Responsible Investment since 2011 and has been awarded triple A+ score in 2019 PRI assessment.

InfraRed is a part of SLC Management which is the institutional alternatives and traditional asset management business of Sun Life. Over the past 30 years InfraRed has established itself as a highly successful developer and custodian of core infrastructure, renewable energy and real-estate assets that play a vital role in supporting sustainable communities.

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Jun
2023

The Vistria Group Closes on $2.68 billion for Flagship Core Private Equity Fund

The Vistria Group Closes on $2.68 billion for Flagship Core Private Equity FundDOWNLOAD PDF
Jun
2023

The Vistria Group Closes on $2.68 billion for Flagship Core Private Equity Fund

Chicago, IL, June 30, 2021 – The Vistria Group, a purpose-driven investment firm focusing on the middle market, today announced the final closing of Vistria Fund IV, L.P., with $2.68 billion of total capital commitments. Vistria now manages more than $6.5 billion in institutional capital across its funds and co-investment vehicles.

Fund IV was substantially oversubscribed, closing at its hard cap and surpassing its target of $1.5 billion. It includes a $180 million commitment from Vistria’s Principals and Operating Partners. Consistent with its predecessor funds, Fund IV will seek to invest in U.S. based healthcare, education and financial services companies that can benefit from the firm’s deep network, operating expertise, and policy perspectives.

“When we founded Vistria more than eight years ago, we thought there was an opportunity to build a next generation investment firm that focused on building important businesses for the long-term. Today is confirmation that our instincts were correct,” said Martin Nesbitt, Co-Founder and Senior Partner at Vistria. “We continue to challenge ourselves to build a great firm and the closing of Fund IV shows that many people think we are on the right track.”

The launch of Fund IV extends a remarkable period of growth and transformation at Vistria. Over the last 12 months, the firm has exited several investments while investing in seven new platforms and adding ten new members to the Vistria team.

“Today could not have happened without the unwavering support of our limited partners. We are energized to continue to demonstrate our ability to produce outsized returns by embracing our key values and mission,” said Kip Kirkpatrick, Vistria Co-Founder and Senior Partner. “There will be no change in strategy going forward. We will continue to proactively and systematically identify new platforms and management teams that share our passion for building great companies.”

Since closing its first fund in 2014, Vistria has attracted a new generation of investment professionals who have embraced the responsibility to do more than just generate wealth. Its focus on aligning purpose with profit, addressing societal needs and creating value for all stakeholders continues to be at the core of everything it does.

Ropes & Gray LLP acted as legal counsel.

About The Vistria Group The Vistria Group is a Chicago-based next generation private investment firm that operates at the intersection of purpose and profit. We partner with middle-market businesses in Healthcare, Education and Financial Services that are passionate about growth and committed to the community. Our decision to invest in these areas is driven by our belief in companies producing scalable social value. Vistria's team is comprised of highly experienced operating partners and investment professionals with proven track records of working with management teams in building innovative, market-leading companies.

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Jun
2021

Hedgeweek ILS in Fokus - Elementum Advisors

Hedgeweek ILS in Fokus - Elementum AdvisorsDOWNLOAD PDF
Jun
2021

Hedgeweek ILS in Fokus - Elementum Advisors

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Apr
2021

Podcast: „Krypto und Digital Assets sind das mit Abstand spannendste Alternative Investment“

Podcast: „Krypto und Digital Assets sind das mit Abstand spannendste Alternative Investment“DOWNLOAD PDF
Apr
2021
Jan
2021

Axiom's expectations for 2021

Axiom's expectations for 2021DOWNLOAD PDF
Sep
2019

Hedgework: „Digital Assets bieten ein aus Anlegersicht sehr interessantes Risiko-/Renditeprofil“

Hedgework: „Digital Assets bieten ein aus Anlegersicht sehr interessantes Risiko-/Renditeprofil“DOWNLOAD PDF
Sep
2019

Hedgework: „Digital Assets bieten ein aus Anlegersicht sehr interessantes Risiko-/Renditeprofil“

https://www.hedgework.de/archiv_beitrag/digital-assets-bieten-ein-aus-anlegersicht-sehr-interessantes-risiko-renditeprofil.htmlDOWNLOAD PDF
Jul
2019

Lido Consulting; U.S. Direct Lending – Where is the Opportunity in Today’s Market?

Lido Consulting; U.S. Direct Lending – Where is the Opportunity in Today’s Market?DOWNLOAD PDF
Jul
2019

Lido Consulting; U.S. Direct Lending – Where is the Opportunity in Today’s Market?

https://www.lidoconsulting.com/u-s-direct-lending-where-is-the-opportunity-in-todays-market/#.XUGc7zaP6xLDOWNLOAD PDF
Jun
2019

POLARIS Gigathlon Adventure 2019

POLARIS Gigathlon Adventure 2019DOWNLOAD PDF
Jun
2019

POLARIS Gigathlon Adventure 2019

From Friday 28.06 to Sunday 30.06 the POLARIS Team competed in the Gigathlon 2019 - Obwalden & Nidwalden.

We managed to complete all stages of the 3-day event, while battling steep trails, chilly mountain lakes, and the blistering heat.

Special thanks to Ursula Sax, who taught us how to swim like dolphins!

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Mar
2019

Institutional Money: Risikoprämien-Star Motamedi startet in neuem Set-Up voll durch

Institutional Money: Risikoprämien-Star Motamedi startet in neuem Set-Up voll durchDOWNLOAD PDF
Feb
2019

Crypto Assets Conference: Frankfurt, 25-26 February 2019

Crypto Assets Conference: Frankfurt, 25-26 February 2019DOWNLOAD PDF
Feb
2019

Crypto Assets Conference: Frankfurt, 25-26 February 2019

At the Crypto Assets Conference held in Frankfurt in two weeks, L1D Chairman Philipp Cottier will be making the case for "investing in blockchain and cryptos - a diversified and institutional approach".

Over 60 speakers will be attending from the BaFin, Börse Stuttgart, Bundesbank, Coinmarketcap, Commerzbank, European Central Bank, Gnosis, Kraken, LBBW, Multichain Asset Managers Association, Ripple, Satoshipay, Solarisbank, Thailand Stock Exchange and many more high profile blockchain and crypto groups.

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Nov
2018

POLARIS Investment Advisory AG offers access to Deerpath Capital's differentiated US direct lending strategy

POLARIS Investment Advisory AG offers access to Deerpath Capital's differentiated US direct lending strategyDOWNLOAD PDF
Nov
2018

POLARIS Investment Advisory AG offers access to Deerpath Capital's differentiated US direct lending strategy

In collaboration with Luxembourg-based LIS as AIFM, POLARIS Investment Advisory AG, as placement agent for Europe, is offering institutional investors a Reserved Alternative Investment Funds (RAIF) advised by an affiliate of Deerpath Capital Management, LP.

The strategy, implemented successfully for many years by Deerpath Capital, is based on direct lending to private equity sponsored, lower middle market-sized companies in the US. Avoiding loan defaults is at the heart of Deerpath’s activities. This is underpinned by a highly focused, conservative investment strategy based almost exclusively on senior secured loans.

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Nov
2018

POLARIS celebrates its 10th Anniversary

POLARIS celebrates its 10th AnniversaryDOWNLOAD PDF
Nov
2018

POLARIS celebrates its 10th Anniversary

Dear Friends and Business Partners,

We are proud to celebrate our 10th Anniversary with you.

We want to use this opportunity to express our gratitude for your trust, support and the many exciting conversations over the years.

We are curious to see what the world of alternative investments has in store for us over the coming 10 years.

POLARIS Team

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Oct
2018

Preqin: Successfully transacting in a crowded direct lending market

Preqin: Successfully transacting in a crowded direct lending marketDOWNLOAD PDF
Oct
2018

Preqin: Successfully transacting in a crowded direct lending market

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Oct
2018

LRI Summit 2018: Panel Private Debt Funds – The New Alternative?

LRI Summit 2018: Panel Private Debt Funds – The New Alternative?DOWNLOAD PDF
Oct
2018

LRI Summit 2018: Panel Private Debt Funds – The New Alternative?

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Jul
2018

Manager Magazine: Long-short funds

Manager Magazine: Long-short fundsDOWNLOAD PDF
Jul
2018

Manager Magazine: Long-short funds

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Jul
2018

Opalesque: Fund distributor POLARIS sees opportunities for single GP infrastructure, alternative risk premia and equity market neutral in Europe

Opalesque: Fund distributor POLARIS sees opportunities for single GP infrastructure, alternative risk premia and equity market neutral in EuropeDOWNLOAD PDF
Jul
2018

Opalesque: Fund distributor POLARIS sees opportunities for single GP infrastructure, alternative risk premia and equity market neutral in Europe

https://www.linkedin.com/pulse/fund-distributor-polaris-sees-opportunities-single-gp-matthias-knab/DOWNLOAD PDF
Apr
2018

3i announced final close of the 3i European Operational Projects Fund on €456 million

3i announced final close of the 3i European Operational Projects Fund on €456 millionDOWNLOAD PDF
Apr
2018

3i announced final close of the 3i European Operational Projects Fund on €456 million

The 3i Group announced the final close of the 3i European Operational Projects Fund, with €456 million of commitments received from European and Asian investors, including a commitment of €40 million from 3i Group.

3i European Operational projects Fund, which is managed by 3i’s infrastructure team, invests in operational projects across Europe, with a focus on France, the Benelux, Germany, Italy and Iberia. It targets a wide range of sub-sectors, primarily social infrastructure and transportation, but also telecoms and utilities, excluding renewable energy projects. It aims to provide long-term yield to institutional investors. The Fund has already invested and committed to invest approximately €85 million in assets across Europe.

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Feb
2018

Absolut Report: Private equity in Asia, market development and opportunities (Please contact us in case of interest)

Absolut Report: Private equity in Asia, market development and opportunities (Please contact us in case of interest)DOWNLOAD PDF
Feb
2018

Absolut Report: Private equity in Asia, market development and opportunities (Please contact us in case of interest)

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Feb
2018

Hedgework News: Investors will see the merits of investing in Asian private equity

Hedgework News: Investors will see the merits of investing in Asian private equityDOWNLOAD PDF
Feb
2018

Hedgework News: Investors will see the merits of investing in Asian private equity

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Nov
2017

High-profile additions to the team: POLARIS Investment Advisory appoints Senior Advisory Board

High-profile additions to the team: POLARIS Investment Advisory appoints Senior Advisory BoardDOWNLOAD PDF
Nov
2017

High-profile additions to the team: POLARIS Investment Advisory appoints Senior Advisory Board

POLARIS Investment Advisory AG, Zurich, has appointed Dr Hanspeter Bader, Baldomero Falcones, Dr Thomas Friese and Matthias Knab as Members of its Senior Advisory Board.

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Oct
2017

Hedgework News: Alternatives Beyond Mainstream

Hedgework News: Alternatives Beyond MainstreamDOWNLOAD PDF
Oct
2017

Hedgework News: Alternatives Beyond Mainstream

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Jul
2017

MidOcean Partners announces sale of Water Pik to Church and Dwight for approximately USD 1bn

MidOcean Partners announces sale of Water Pik to Church and Dwight for approximately USD 1bnDOWNLOAD PDF
Jul
2017

MidOcean Partners announces sale of Water Pik to Church and Dwight for approximately USD 1bn

MidOcean Partners announced that it has signed a definitive agreement to sell Water Pik, a leading innovator, marketer and distributor of branded oral health products and replacement showerheads, to Church & Dwight, a global producer and marketer of personal care, household and specialty products under the Arm & Hammer brand name and other well-known trademarks, for approximately USD 1bn in cash. The transaction is expected to close in the third quarter of 2017, subject to customary closing conditions and regulatory approvals.

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Apr
2017

3i announces first close of the 3i European Operational Projects Fund

3i announces first close of the 3i European Operational Projects FundDOWNLOAD PDF
Apr
2017

3i announces first close of the 3i European Operational Projects Fund

The 3i Group announces the first close of the 3i European Operational Projects Fund, with €155 million raised from a number of European investors, including a commitment of €40m from 3i.

The Fund will invest in operational PPP projects across Europe, with a focus on France, the Benelux, Germany, Italy and Iberia and sub-sectors such as social infrastructure and transportation. It aims to provide long-term yield to institutional investors. The Fund will acquire a seed portfolio of 11 operational projects, generating immediate yield for investors.

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Mar
2017

Citywire, Viewpoint: Welcome to the Private Members' Club

Citywire, Viewpoint: Welcome to the Private Members' ClubDOWNLOAD PDF
Mar
2017

Citywire, Viewpoint: Welcome to the Private Members' Club

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Mar
2017

MidOcean Partners acquires significant stake in Affinity Dental Management

MidOcean Partners acquires significant stake in Affinity Dental ManagementDOWNLOAD PDF
Mar
2017

MidOcean Partners acquires significant stake in Affinity Dental Management

MidOcean Partners, a premier middle market private equity firm focused on consumer and business services, announced it has acquired a significant controlling interest in Affinity Dental Management Holdings LLC, in partnership with Affinity’s management and certain founders of affiliated practices. Financial terms of the transaction were not disclosed.

Affinity is a dental services organization that provides comprehensive management and administrative support services for dental practices across Western Massachusetts, Connecticut and Vermont. Dr. Craig Saltzman opened his first office in 1999 and through affiliations and new practice openings, built a network of practices offering general and specialty dental services that are well-known for providing superior patient care and service.

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Jan
2017

POLARIS Investment Advisory AG strengthens the team with Rolf Dreiseidler as Managing Partner

POLARIS Investment Advisory AG strengthens the team with Rolf Dreiseidler as Managing PartnerDOWNLOAD PDF
Jan
2017

POLARIS Investment Advisory AG strengthens the team with Rolf Dreiseidler as Managing Partner

POLARIS Investment Advisory AG is pleased to announce that Rolf Dreiseidler joined the team as Managing Partner as of January, 1st 2017. The 44-year-old Economics graduate has worked successfully for nearly a decade as Managing Director, Head of Institutional Clients Germany at Man Group plc in Pfaeffikon, Switzerland. In addition, Mr. Dreiseidler has been Co-Chairman of the Board of the Bundesverband Alternative Investments e.V. (German Alternative Investments Association), Bonn since 2010. Prior to joining Man Group, Rolf Dreiseidler was Head of Fund of Hedge Funds at Deka Investments GmbH, Frankfurt. He is married with two children, a CFA and CAIA Charterholder and is a lecturer at the EBS-Finanzakademie in Oestrich-Winkel.

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Dec
2016

3i announces the acquisition of assets from the EISER Global Infrastructure Fund

3i announces the acquisition of assets from the EISER Global Infrastructure FundDOWNLOAD PDF
Dec
2016

3i announces the acquisition of assets from the EISER Global Infrastructure Fund

3i Group plc announces that it has agreed to acquire a portfolio of assets from the EISER Global Infrastructure Fund, including Belfast City Airport and East Surrey Pipelines.

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Oct
2016

Hedgework News: The emergence of a European operational PPP infrastructure market

Hedgework News: The emergence of a European operational PPP infrastructure marketDOWNLOAD PDF
Oct
2016

Hedgework News: The emergence of a European operational PPP infrastructure market

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Oct
2015

Trading Risk: Catastrophe risk not a pure commodity

Trading Risk: Catastrophe risk not a pure commodityDOWNLOAD PDF
Oct
2015

Trading Risk: Catastrophe risk not a pure commodity

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Oct
2015

Post-Monte Carlo Reinsurance Market Update

Post-Monte Carlo Reinsurance Market UpdateDOWNLOAD PDF
Oct
2015

Post-Monte Carlo Reinsurance Market Update

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Jun
2015

Changes in Regulation could pave the way for AIFs in Germany

Changes in Regulation could pave the way for AIFs in GermanyDOWNLOAD PDF
Jun
2015

Changes in Regulation could pave the way for AIFs in Germany

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Books

Alternative Investments 2.0

AHMET PEKER, ROLF DREISEIDLER, JOHANNES JASPER

Download PDFAlternative Investments 2.0

Alternative Investmentstrategien

CLAUS HILPOLD, DIETER G. KaISER

Download PDFAlternative Investmentstrategien

Innovative Investmentstrategien

CLAUS HILPOLD, DIETER G. KaISER

Download PDFInnovative Investmentstrategien