|
|||
![]() |
|||
2008-04-03 13:50:00 CEST 2008-04-03 13:50:01 CEST REGULATED INFORMATION Amanda Capital - Company AnnouncementAMANDA WILL ESTABLISH AMANDA SICAV-SIF - LIQUID PRIVATE EQUITY FUND, WHICH MAKES INVESTMENTS IN LISTED PRIVATE EQUITY FIRMSAMANDA CAPITAL PLC STOCK EXCHANGE RELEASE Amanda Capital will expand its product selection from traditional private equity funds of funds in the form of limited partnerships into equity funds. Amanda SICAV-SIF - Liquid Private Equity Fund ("Amanda LPE") will invest globally in listed private equity firms and funds. Amanda LPE will be intended for well-informed investors who wish to have access to the historically well performed asset class in a liquid form. AMANDA LPE will be established as a sub-fund of a Luxembourg SICAV-SIF (Specialized Investment Fund) and be managed by a wholly owned subsidiary of Amanda Capital plc, Amanda Management Company S.A., Luxembourg, to be established shortly. The value of Amanda LPE will be quoted daily, and its investment operations will begin in May 2008. In the past few years, private equity investments have grown considerably due to the excellent returns offered by this asset class. Consequently, many new investors, who have not been able to make investments in traditional private equity funds established as limited partnerships due to, e.g. the high minimum investment amount, the lower liquidity of such investments or tax reasons, have become interested in private equity investments, says Marko Hovi, a member of Amanda Management Company S.A.'s Board of Directors. Amanda Capital Plc will invest five million euros in the new fund, which will offer Amanda an excellent means of investing assets efficiently in the private equity market. In traditional limited partnerships, the investment commitment is often committed to the target companies slowly, and the pace of investment is difficult to predict. The new fund allows us to better regulate our degree of investment, says Petteri Änkilä, CEO of Amanda. Amanda will continue to establish new equity funds classified as alternative investments. Consequently, Amanda Advisors Ltd, which is a wholly owned subsidiary of Amanda, has decided to apply for an authorisation to act as investment firm. AMANDA CAPITAL PLC Additional Information: CEO Petteri Änkilä, tel. +358 9 6829 6011 IR Director Piia Latvala, tel. +358 9 6829 6027 Distribution: OMX Nordic Exchange in Helsinki, www.amandacapital.fi The Amanda Group is a private equity management company. Its parent company is the first publicly listed private equity fund of funds in Scandinavia. Amanda has investments in 24 private equity funds and in four funds of funds under Amanda's own management. Amanda Group is one of Finland's largest management companies of private equity fund investments. It manages several private equity fund portfolios under consultancy agreements and six private equity funds of funds with several domestic and international institutions as investors. Amanda Group currently has EUR 2.3 billion of assets under management (original investment commitments) with which it has made investments in more than 100 private equity funds in Europe, the US, Asia, and Russia. |
|||
|