Ailant Finance SA private wealth management division said on Tuesday it plans to launch a private equity fund, which so far has $100 million USD in seed investment committed.
The official marketing period of the natural resources-focused fund will begin in December and last six to eight months, or until it has hit its targeted maximum capital commitment, Ailant Finance SA said. It did not say what the maximum capital commitment was.
Ailant Finance SA private wealth management (ailantfinance.com) manages about $550 million for a global client base of family offices and high net worth individuals.
Ailant Finance SA remains focused on managing funds that invest mainly in publicly listed securities, but added there are many opportunities on the private side that cannot be held in the firm's current funds.
"We manage our funds within a disciplined risk management framework that has predetermined limits on the percentage of privates that can be held in a fund," Ferdinand Aracon, the PR manager, said in a release.
"Many of our investors have asked for a longer term time horizon for investing, wishing to access some of the great private investment opportunities we are seeing in the natural resources space."
The $100 USD million anchor investment came from strategic investors and clients from Norway, UK and China.
Recently, Beijing Ailant Business Consulting Company Ltd (a subsidiary of Ailant Finance SA) announced it plans to create a private equity fund that will buy stakes in distressed assets in China.