Titanbay closes Series A funding round led by Motive Partners and abrdn, with participation from FNZ
Series A investment to further accelerate growth and lead partners to bring transformational commercial synergies
London, 26 May 2022 - Titanbay, the private markets investment platform for sophisticated investors, is pleased to announce that it has successfully closed a Series A funding round, securing the backing of Motive Partners, abrdn and FNZ.
Through the backing of leading brands in financial technology investing, asset management and wealth management, Titanbay has secured significant growth capital alongside transformational commercial synergies with each of the lead investors.
Titanbay offers unparalleled access to top-tier private markets funds to institutional investors both directly and in partnership with leading private banks and wealth managers. Through its innovative technology platform, it gives investors access to curated best-in-class funds, as well as bespoke structuring, streamlined marketing and operations, professional analytics and potential liquidity via a secondary market. Titanbay also supports private banks and wealth managers by simplifying investing in private markets for a wider client-set through institutional level of access, reduced investment minimums and a sophisticated yet intuitive technology solution that is modular and provides full flexibility and control.
Through the partnership with abrdn, Titanbay will benefit from its fund selection resources, expertise in building tailored private equity solutions, leading ESG capability and privileged access to GP allocations including co-investment and secondary opportunities. Additionally, abrdn and Titanbay are exploring opportunities to offer Titanbay’s platform within their wider ecosystem.
Motive Partners, through its Motive Early Stage vehicle, brings extensive investment experience working with technology companies that enable the financial economy. By utilising their differentiated expertise, connectivity and capabilities Motive seek to help create long-term value, such as by potentially facilitating increased access to alternatives products for Titanbay.
The partnership with FNZ, the leading global wealth management platform, will enable Titanbay to be integrated into FNZ’s marketplace and ecosystem as a chosen partner for alternative assets and become a key part of its offering to both new and existing clients globally, significantly increasing the reach and growth opportunities within wealth managers for both partners.
Thomas Eskebaek, CEO of Titanbay, commented:
“We are delighted to have received the backing of Motive Partners, abrdn and FNZ for our series A. We believe that they provide far more than just capital and that their extensive expertise and the affiliated commercial opportunities they bring will drive truly transformational growth in our business. We look forward to working closely with all of our new investors, the calibre of whom is testament to the quality of the platform we have built, and the strong market demand for solutions that widen access to the private markets in a responsible and sophisticated manner.”
Alistair Watson, Head of Strategy Innovation – Private Equity, of abrdn added:
“We are delighted to partner with Titanbay on their growth journey. We believe that making private markets investments accessible is essential, particularly as challenging economic conditions have enhanced the role that private markets can play as both a possible returns generator and risk diversifier. We are excited about this collaboration as we leverage our existing networks and investment expertise to allow opportunities in private markets to be accessed by a much wider investor universe.”
Mariano Belinky, Industry Partner at Motive Partners added:
“We believe the democratization of alternative investments is an accelerating trend globally, and Titanbay, with its exceptional team, vision and first-class partners and investors is pre-eminently placed to deliver on this trend in Europe and beyond. We look forward to supporting their growth and the important role they will play in the evolution of the alternatives space.”
Din Mustaffa, Chief Strategy Officer of FNZ comments:
“The private markets investment sector is made up of around $10 trillion of assets globally, most of which has been historically inaccessible by regular investors. We look forward to having Titanbay form part of our marketplace and ecosystem, enabling the 20+ million end investors using FNZ powered platforms to further diversify their portfolios.
FNZ remains committed to solving the problems faced by consumers of long-term savings products, by using our own technological and servicing capabilities and by supporting wider independent innovations in the sector.
Partnering with Titanbay is in line with our mission of opening up wealth and making wealth management more accessible to more people.”
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.