Titanbay, the next generation private equity investment platform, is pleased to announce its Q1 business update.
In the first quarter, Titanbay hosted two market leading funds on its investment platform, including a growth equity fund originally secured in Q4 2020 and a new allocation to a leading European debt fund. Fortress Credit Opportunities also carried out its final close, which included a commitment from Titanbay investors raised through the platform in Q4 2020.
This brings the total funds accessed through the platform to five since its launch date in July 2020, putting the firm on track to meet its target of offering eight to twelve top-tier funds per year.
Titanbay’s investment community continues to grow, with a range of small to medium sized institutional investors joining the platform, with the majority investing across multiple funds as part of building a diversified private markets portfolio. The business remains well on track to deliver its 2021 AUM targets.
Additionally in the quarter, Titanbay continued the development of its partnership programme with wealth managers and private banks, signing formal agreements with multiple wealth managers to provide a comprehensive private markets offering for their clients.
The proposition has been specifically designed to provide wealth managers with broader access to best-in-class funds, bespoke structuring, streamlined marketing and operations, professional analytics and improved liquidity via Titanbay’s secondary market. The platform is fully modular and white-labeled, fitting seamlessly into wealth managers’ existing system architecture and suite of investment solutions.
The company’s growth has been supported by investment in both operational and investor relations teams, with headcount increasing over 30% in the quarter. Key hires include Head of People & Talent Natalie Thornicroft (ex-BCG Digital Ventures, 11:FS), and Managing Directors Jason Funk (ex-Metlife, Société Générale), and Paul Bentley (Liongate, Schroders, Allianz Global Investors).
To help support the business’s growth, Titanbay held a pre Series-A funding round, raising capital from value-add individual investors with extensive private equity experience from institutions including KKR, EQT, Apollo, and BC Partners, as well as a number of family offices and private banks.
Thomas Eskebaek, CEO of Titanbay said, “2021 has got off to a fantastic start, with strong investor demand for the funds we have offered on the platform. We also see continued interest from the market’s leading GPs who are keen to partner with us to tap into a large and underserved pool of capital.
“Our offer to wealth managers has also been a driving force within the business in the first quarter of the year, with several agreements signed and ongoing discussions with multiple wealth managers and private banks looking to provide a best-in-class private markets proposition to their clients.”
Notes to Editors
For more information, please contact:
Nick Corrin, Noemie De Andia
+44 (0)20 7457 2020
Titanbay is an investment platform that provides institutional and private investors access to a curated selection of top tier private equity funds at lower minimum investments. It enables investors to build thoughtful and diversified allocations in an asset class which can be difficult to access and often requires large minimum ticket sizes. Along with its core team, Titanbay is supported by its extensive investor and advisory board which draws from its vast experience across the financial sector. The platform is available to institutional and professional private investors.