Aberdeen Private Equity

Last updated

Aberdeen Private Equity is a private equity business which is part of Aberdeen Asset Management. It was originally known as Bramdean Alternatives.

Contents

Origins

Bramdean Assets Management (BAM) was founded in 2005 by Nicola Horlick [1] with Derek Higgs as chair. [2] Bramdean Alternatives Limited was an investment company based in Guernsey, which was a distinct organisation from BAM and had a board chaired by Brian Larcombe, [2] former CEO of 3i. [3] In the summer of 2007 it aimed to benefit from changes introduced by the Financial Services Authority to allow retail investors greater access to alternative investments. [3]

In the summer of 2009 the fund became of interest to the entrepreneur Vincent Tchenguiz, who in June gained control through his company Elsina at an Extraordinary General Meeting. [4]

Buy-out and subsequent events

Horlick lost control of Bramdean Alternatives on 19 November 2009. Aberdeen Asset Management bought out the contract from Bramdean Assets Management, re-branded the project as Aberdeen Private Equity and placed the fund under the management of Alex Barr. [5] Following the 2017 merger of Standard Life with Aberdeen, it became a subsidiary of the company known as Abrdn. [6]

Related Research Articles

A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors.

Private equity (PE) typically refers to investment funds, generally organized as limited partnerships, that buy and restructure companies. More formally, private equity is a type of equity and one of the asset classes consisting of equity securities and debt in operating companies that are not publicly traded on a stock exchange.

<span class="mw-page-title-main">Financial services</span> Economic service provided by the finance industry

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises.

<span class="mw-page-title-main">Brookfield Asset Management</span> Asset management company based in Toronto, Canada

Brookfield Asset Management Inc. is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$725 billion of assets under management in 2022. It focuses on direct control investments in real estate, buildings, renewable power, infrastructure, credit and private equity. The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield's headquarters are in Toronto. It also has corporate offices in New York City, London, São Paulo, Mumbai, Shanghai, Dubai, and Sydney.

<span class="mw-page-title-main">Oaktree Capital Management</span> American global asset management firm

Oaktree Capital Management is an American global asset management firm specializing in alternative investment strategies. As of March 31, 2022, the company managed $164 billion for its clientele.

Standard Life is a life assurance, pensions and long-terms savings company in the UK which is owned by Phoenix Group.

<span class="mw-page-title-main">Alternative investment</span> Investments other than stocks, bonds and cash

An alternative investment, also known as an alternative asset or alternative investment fund (AIF), is an investment in any asset class excluding stocks, bonds, and cash. The term is a relatively loose one and includes tangible assets such as precious metals, collectibles and some financial assets such as real estate, commodities, private equity, distressed securities, hedge funds, exchange funds, carbon credits, venture capital, film production, financial derivatives, cryptocurrencies, non-fungible tokens, and tax receivable agreements. Investments in real estate, forestry and shipping are also often termed "alternative" despite the ancient use of such real assets to enhance and preserve wealth. Alternative investments are to be contrasted with traditional investments.

<span class="mw-page-title-main">Interactive Investor</span>

interactive investor is a subscription-based online investment service in the United Kingdom, founded in 1995. It provides financial information, as well as investment tools. It is the UK's biggest flat-fee investment platform, with £59 billion of assets under administration and over 400,000 customers. The company is based in Manchester, with offices in London and Leeds. Since 2022 it has been a subsidiary of UK-based investment company Abrdn.

Nicola Karina Christina Horlick is a British investment fund manager, dubbed City 'superwoman' in the British media. She has publicly supported the Labour Party and latterly, the Liberal Democrats.

Mercury Asset Management plc was a leading British investment management business. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index.

Aberdeen Asset Management was an international investment management group, managing assets for both institutions and private investors from offices around the world. Its head office was in Aberdeen, Scotland. The company was listed on the London Stock Exchange until 14 August 2017 when, as a result of a merger with Standard Life, it became a subsidiary of the renamed Standard Life Aberdeen.

Universal Investment is a group of companies headquartered in Frankfurt am Main with three regulated investment companies based in Germany, Luxembourg and Ireland. Biggest part is Universal-Investment Gesellschaft mbH, founded in 1968. Core offerings are investment fund services and management company services for asset management companies and institutional investors. The company launches and administers funds for all asset classes such as securities, alternative investments and real estate.

<span class="mw-page-title-main">Affiliated Managers Group</span> American Investment Company

Affiliated Managers Group, Inc. is an American international investment management company headquartered in West Palm Beach, Florida, that owns stakes in a number of boutique asset management, hedge fund, and specialized private equity firms.

<span class="mw-page-title-main">Eaton Partners</span>

Eaton Partners is a global placement agent that assists in raising capital for funds managed by some of the largest private equity firms, hedge funds, real assets and real estate funds in the world. The firm is also one of the oldest placement agents in the private funds industry. Eaton Partners raises capital primarily from institutional investors including private and public pension funds, endowment funds, family offices, fund of funds, foundations and other large pools of money that invest in alternative asset classes.

LetterOne Holdings S.A. (LetterOne) is an international investment business based in Luxembourg. Its investments are focused on the telecoms, technology and energy sectors through its two main business units, L1 Energy and L1 Technology. Businessman Mikhail Fridman set up LetterOne in 2013 as part of a broader new investment vehicle using the proceeds from the sale of TNK-BP.

Alex Barr is a Scottish financier and Alderman representing Cordwainer Ward in the City of London. Prior to this he served as a Common Councilman, also in Cordwainer Ward.

Ron S. Geffner is an American attorney and former U.S. Securities and Exchange Commission enforcement lawyer. Geffner is a founding partner of Sadis & Goldberg, where he heads Financial Services Group providing legal counsel to over 800 funds including domestic and international financial institutions, family offices, hedge funds, venture capital and private equity funds. Geffner was previously in-house counsel to the Investment Management Industry Services Group of PricewaterhouseCoopers.

<span class="mw-page-title-main">DWS Group</span> German investment management firm

The DWS Group commonly referred to as DWS, is a German asset management company. It previously operated as part of Deutsche Bank until 2018 where it became a separate entity through an initial public offering on the Frankfurt Stock Exchange. It is currently headquartered in Frankfurt, Germany and is a constituent member of the SDAX index.

<span class="mw-page-title-main">Abrdn</span> UK based investment company

Abrdn plc, formerly Standard Life Aberdeen plc, is a United Kingdom-based global investment company headquartered in Edinburgh, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

References

  1. ↑ "Fifty lessons: teamwork takes all kinds". The Daily Telegraph . London. 30 June 2005. Retrieved 5 August 2013.
  2. 1 2 "Bramdean asset management llp". www.bramdean.com. Bramdean Asset Management llp. Retrieved 31 October 2017.
  3. 1 2 "Nicola Horlick's Bramdean to launch alternative investment trust". Wealth Manager. Citywire.co.uk. Retrieved 31 October 2017.
  4. ↑ Lewis, Adam (9 March 2010). "Bramdean Alternatives to move to private equity - Money Marketing". Money Marketing. Money Marketing. Retrieved 29 October 2017.
  5. ↑ Sharp, Tim (2009). "City Superwoman loses grip on fund". No. 20 November 2009. The Herald. Retrieved 1 November 2017.
  6. ↑ "Annual report and accounts". Abrdn. 31 December 2021. p. 238. Retrieved 5 June 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.