The lack of investment options is increasingly driving investor into private market investments, and a newly formed private equity boutique in Zurich is looking to take advantage of this vacuum, beginning with a staff recruitment drive.
The Belvoir Group – not to be confused with Belvoir Capital – has been operating since the fall of 2016, and last month began under new Chief Executive Daniel Fasnacht to actively seek extra key staff to complement their current team of 35, located in the city’s Stockerhof.
The Group will focus on attracting investment in innovative and founder-led Swiss enterprises under the leadership of Daniel Fasnacht, whose appointment in July was today confirmed to finews.com. The new CEO, who holds a doctorate in economics, led the Zurich-based asset manager Tom Capital for around two-and-a-half years before leaving the institute at the end of 2016.
Personnel Search
The Group is now looking to add around 10 private equity call agents to directly approach private and institutional investors interested in financing the development of Swiss enterprises, Fasnacht told finews.com.
An increase in the relationship management function will also be expanded as will the administrative board, where Giorgio Alessio Keller is currently the only member.
Run on Private Market Investments
Belvoir Group is neither an asset manager nor an asset administrator, but will focus solely on direct investments in innovative and founder-led Swiss companies, Fasnacht stressed.
Time will tell whether the investment in staff will bear fruit, but what is certain is that the lack of traditional investment tools is driving money into alternative investment vehicles, with the Partners Group providing a good example of an institute enjoying a steady influx of new investment flows.
The private equity business has been expanding recently to compete for a share in expanding market as evidenced by the acquisition earlier this year of Zurich private equity firm Akina by the Geneva asset administrator Unigestion. In April the UK Fund Schroders bought the Swiss private equity house Adveq.
