Press Release: Titanbay Q1 2021 Business Update
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 Titanbay@instinctif.com
+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.
The views, opinions and estimates expressed herein constitute personal judgments of certain members of the Titanbay Ltd. (Titanbay) team based on current market conditions and are subject to change without notice. This information in no way constitutes Titanbay research and should not be treated as such. Titanbay does not make investment recommendations, and no communication, including this document, should be construed as a recommendation for any security offered on or off the Titanbay investment platform. The views contained herein are not to be taken as advice or a recommendation to buy or sell any investment in any jurisdiction. Any forecasts, figures, opinions or investment techniques and strategies set out are for information purposes only, based on certain assumptions and current market conditions and are subject to change without prior notice. All information presented herein is considered to be accurate at the time of production.
This material does not contain sufficient information to support an investment decision and it should not be relied upon by you in evaluating the merits of investing in any securities or products. In addition, investors should make an independent assessment of the legal, regulatory, tax, credit and accounting implications and determine, together with their own professional advisers, if any investment mentioned herein is believed to be suitable to their personal goals. Investors should ensure that they obtain all available relevant information before making any investment. It should be noted that investment in private placements involves risks, the value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Past performance is not indicative of future results. Non-affiliated entities mentioned are for informational purposes only and should not be construed as an endorsement or sponsorship of Titanbay.
Investments in private placements, and private equity investments via feeder funds in particular (such as through the Feeder), are speculative in nature and involve a high degree of risk. The value of an investment may go down as well as up, and investors may not get back their money originally invested. Investors who cannot afford to lose their entire investment should not invest. Past performance is not indicative of future performance. Please refer to the respective fund documentation for details about potential risks, charges and expenses. Prospective investors should carefully analyse the risk warnings and disclosures for the respective fund or investment vehicle set out therein. For private equity investments via feeder funds, investors will typically receive illiquid and/or restricted membership interests that may be subject to holding period requirements and/or liquidity concerns. Investments in private equity are highly illiquid and those investors who cannot hold an investment for the long term (at least 10 years) should not invest. The external Alternative Investment Fund Manager is Avega Capital Management S.A., a public limited company (société anonyme) formed under the laws of Luxembourg, with registered office at 2, rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, and registered with the RCS under number B 246.691.
The representative in Switzerland is ARM Swiss Representatives SA, Route de Cité-Ouest 2, 1196 Gland, Switzerland. The paying agent in Switzerland is Banque Cantonale de Genève, 17 quai de l’Ile, Geneva, Switzerland. The Prospectus, the Articles of Association and annual financial statements can be obtained free of charge from the representative in Switzerland. The place of performance and jurisdiction is the registered office of the representative in Switzerland with regards to the Shares distributed in and from Switzerland. Titanbay is an Appointed Representative of Brooklands Fund Management Limited which is authorised and regulated by the Financial Conduct Authority with firm reference number 757575.