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West Palm Beach (HedgeCo.net) – European hedge fund manager, NB Private Equity Partners (NBPE), and a new fund launched by Altus, ‘Altus Resource Capital,’ have been accepted by The London Stock Exchange into the The Specialist Fund Market (SFM).
As an EU Regulated Market, SFM is designed to offer access for specialist investment vehicles targeting institutional, professional and highly knowledgeable investors. It’s admission standards offer sufficient flexibility for single strategy hedge funds, private equity funds and other alternative strategies and structures. The market is open to both UK and international issuers.
"We are delighted to welcome two new funds to the Specialist Fund Market today. Altus Resource Capital demonstrates that despite the wider economic climate, London’s investors continue to be responsive to new investment opportunities, (Altus recently raised GBP26 million ($43 million) for the launch)." Tracey Pierce, Head of Equity Primary Markets at London Stock Exchange Group, said, "NB Private Equity Partners’ decision to join highlights some of the London markets’ other key strengths: the enhanced liquidity and increased investor profile that they offer to issuers on an ongoing basis."
"We are very pleased to launch Altus Resource Capital (ARC) on the Specialist Fund Market today." Marc Gordon, partner at Nimrod Capital LLP, placing agents for Altus Resource Capital, commented, "This is our second successful fundraising within 12 months on the London market. The Specialist Fund Market has provided the flexibility to bring the new fund to the attention of leading asset managers and to attract interest even in these difficult times."
Since the start of 2008, a number of specialist funds have taken advantage of new opportunities to access London-based investors through the London Stock Exchange’s Main Market and Specialist Fund Market, including: Boussard and Gauvaudan Holdings, BH Global, Castle Alternative Invest, FRM Diversified Alpha, Marwyn Value, and MW Tops. They benefit from the deepest liquidity available to publicly quoted alternative investment vehicles.
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AltAssets – NB Private Equity Partners, the private equity fund of funds that emerged from failed US investment bank Lehman Brothers, is looking to list its shares on the Specialist Fund Market of the London Stock Exchange.
The company will retain its current listing on Euronext Amsterdam and so, if successful, will trade in both London and Amsterdam.
NBPE is not offering any new Shares or other securities in connection with the listing.
San Francisco – Hall Capital Partners LLC, an independent investment advisor overseeing $22 billion in global multi-asset class strategies for high-net-worth and institutional investors, is pleased to announce the expansion of the firm’s marketing efforts with the appointment of Richard L. Grand-Jean, as principal and director of business development for the Eastern United States.
In this new role, Mr. Grand-Jean, 66, will offer Hall Capital Partners’ expertise in building and managing customized global multi-asset portfolios, specialized mandates, and the firm’s fund of funds program. Mr. Grand-Jean will focus on the Eastern U.S. institutional market segment, including consultants, endowments, foundations, family offices, and registered investment advisors. Jeff L. Shields maintains his role as director of business development, and will concentrate on the Western U.S. Mr. Shields and Mr. Grand-Jean, who began his assignment in August and is based in Hall Capital’s New York office, both report to John F. Boneparth, president of the San Francisco-based firm.
“We’re delighted to recruit Rick, with his extensive background and expertise, as we ramp up our marketing focus on the institutional market,” said John Boneparth. “With Rick’s appointment to cover the Eastern United States, the key elements of our distribution strategy are now in place.”
Before joining Hall Capital Partners, Mr. Grand-Jean served as president of Abel’s Hill Capital Corp. and Global Film Equity Corp., firms specializing in capital raising, M&A, and advisory services largely focused on the media and entertainment industries. Previously, Mr. Grand-Jean was an executive from 1971 to 1992 at Salomon Brothers, where he served in various senior roles in New York, London, and Tokyo, including managing director in the firm’s investment banking media group, head of global capital markets, and head of the capital markets group.
Mr. Grand-Jean earned a Bachelor’s degree from Princeton University’s Woodrow Wilson School and his J.D. from the University of Chicago Law School.
About Hall Capital Partners
Established in 1994, Hall Capital Partners LLC is an independent, SEC-registered investment advisor that builds and manages customized global multi-asset class portfolios for individuals, families, and institutions. Hall Capital Partners oversees $22 billion in traditional and alternative assets for its portfolio management clients and funds of funds investors. The firm employs more than 100 people in San Francisco and New York. For more information please visit our website at www.hallcapital.com.
