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Tag: Alta Alternative Investments

  • Alta Partners with Davidson Kempner to Enhance Investor Access to Multi-Strategy and Asset-Based Lending Strategies

    Alta Partners with Davidson Kempner to Enhance Investor Access to Multi-Strategy and Asset-Based Lending Strategies

    • Global investment management firm Davidson Kempner Capital Management selects Alta, Asia’s leading digital securities exchange, as a partner in the region
    • Alta’s partnership with Davidson Kempner provides access for investors seeking diversification through alternative investments

    Alta Alternative Investments Pte. Ltd. (Alta), Asia’s leading digital securities exchange for alternative assets, has partnered with global investment management firm Davidson Kempner Capital Management LP (Davidson Kempner) to enhance access to the firm’s strategies.

    “Alta is proud to partner with Davidson Kempner to bring industry-leading opportunities to our investor community. There’s a growing demand for stable, income-producing portfolios and low-volatility strategies, especially amid persisting uncertainties in the markets, and we are addressing precisely that with this partnership. Alta is pioneering accessible avenues for alternative investments and this collaboration presents a distinctive investment opportunity aimed at breaking down barriers to enter private markets, enabling easy access to alternative assets typically reserved for high-net-worth individuals and institutional investors,” said Muzahir Degani, Head of Private Capital Markets, Alta.

    In the past decade, private credit has skyrocketed, jumping from $320 billion in 2010 to $875 billion in 2020 in Assets Under Management (AUM). Now, major firms predict even more growth in Asia-Pacific lending for 2024, with a focus on top-tier borrowers over distressed cases. A Bloomberg survey anticipates a market expansion of over 10% this year.

    In response to this surge, Alta has teamed up with global investment firms with unique access to opportunities. First, with Hamilton Lane to offer access to a senior private credit fund across the region. Second, collaborating with Scenic to introduce the Scenic Private Access Fund, providing direct venture secondaries.

    Melanie Levine, Partner and Global Head of Sales & Client Service at Davidson Kempner, added, “At Davidson Kempner, we’re committed to partnering with investors through innovative solutions tailored to their unique needs with an emphasis on strong downside protection and capital preservation. Our partnership with Alta marks an important step forward in catering to the growing investor demand in Asia for multi-strategy and asset-based lending strategies.”

    In an era marked by evolving investor demands for liquidity and portfolio diversification, Alta provides diverse investment opportunities in private capital markets, including a wide range of alternative assets. Most recently, Alta announced the inaugural trade for the first tranche of shares from shareholders of Income Insurance Limited. This marked the listing of Singapore’s top general insurance provider on a private securities exchange, enabling institutional and accredited investors to trade shares of a non-publicly listed company.

    About Alta

    As the leading licensed digital securities exchange for alternative investments in Asia, we are building critical capital market infrastructure backed by the most active securities brokerages and bookrunners on the Singapore Exchange – Phillip Securities, PrimePartners and Nomura Holdings (Japan).

    Empowering Private Markets: Through our Digital Exchange, we enable the tokenization and digital custody of alternative assets. This end-to-end solution simplifies and expedites the trading of smaller asset blocks, ultimately facilitating access and liquidity in private markets. We believe that access to capital markets are pivotal in all economies, we recognize that our role in building this critical infrastructure goes beyond facilitating trades; it paves the way for entrepreneurship, job creation, financial inclusion, and economic resilience, fostering a brighter future for emerging markets and economies.

    Innovative Financial Ecosystem: Our journey has seen us transition from securities trading and distribution of comprehensive products, including equities, private credit, funds, and asset-backed securities representing real world assets like whiskies and wines, to include fund management and digital custody. Visit us on https://alta.exchange/

    About Davidson Kempner Capital Management LP

    Davidson Kempner Capital Management LP is a global investment management firm with over 40 years of experience and a focus on fundamental investing with a multi-strategy approach. Davidson Kempner has over $37 billion in assets under management and over 500 employees across seven offices: New York, Philadelphia, London, Dublin, Hong Kong, Shenzhen and Mumbai. Additional information is available at: www.davidsonkempner.com.

    For media inquiries, please contact:

    For Alta Alternative Investments
    Deeksha Kakkar
    Marketing Communications Specialist, Alta
    deeksha.kakkar@alta.exchange

    For Davidson Kempner
    Rob White and Teresa Berezowski
    Greenbrook
    davidsonkempner@greenbrookadvisory.com

  • Alta Partners with TRIREC to Unlock Opportunities in Impact Investing for Third Climate-Focused Fund

    • Alta’s strategic partnership with TRIREC will provide access to the TRIREC Venture II (TVII) fund on its platform to Southeast Asian investors seeking meaningful opportunities to invest in impact investments.
    • The TVII invests globally in companies focusing on breakthrough areas of growth and innovation in climate tech looking to accelerate the rate of decarbonisation, providing investors the opportunity to participate in the growth of these companies in their nascent stages.

    Alta Alternative Investments Pte. Ltd. (Alta), Asia’s leading digital securities exchange for alternative assets, announces its strategic partnership with Singapore-headquartered investment firm focused on decarbonisation as its mandate, TRIREC. The partnership will enable Alta to provide its global community of investors access to the TRIREC Venture II (TVII) fund via its platform and unlock opportunities in impact investing.

    The TVII fund aims to invest in portfolio companies that will play a significant role in positively impacting climate change. With a global investment mandate and a focus on APAC, the fund looks to invest in 15 to 18 early-stage portfolio companies. Through TVII, investors can access decarbonisation investments in energy, industries, mobility, building, and food & agriculture verticals, capitalising on the growing demand and substantial global government policy support.

    “In recent years, the investment landscape has witnessed a significant shift towards impact investing with the global impact investment market estimated to hit US$4.5 trillion by the end of 2030. At Alta, we endeavour to bring such unique opportunities in alternative investments and private companies that deliver both potentially stellar investment returns, as well as tangible environmental impact. The partnership with TRIREC, the leading global decarbonisation fund, and the introduction of TVII on our platform will look to help investors deploy capital conscientiously while ensuring that their investments can truly create meaningful and lasting change for future generations,” said Benjamin Twoon, Co-founder & Chief Commercial Officer, Alta.

    As the world grapples with ever-pressing issues of climate change, impact investing has only become more urgent, picking up momentum in recent years. In Singapore, the Monetary Authority of Singapore launched the Finance for Net Zero Action Plan in 2023 to set out strategies to mobilise financing to catalyse Asia’s net zero transition and decarbonization activities in Singapore and the region.

    Melvyn Yeo, Managing Partner of TRIREC added, “We are extremely pleased to partner with Alta in our third decarbonisation-focused fund, TVII. Since 2015, TRIREC has seen over 3,000 deals from both inbound and outbound channels, and we have been extremely selective with the firms we invest in. We are witnessing investor interest in emerging areas of growth and innovation in climate tech and are looking forward to tapping into Alta’s extensive network of global investors. This will enable us to extend the opportunities to invest in high-growth companies that are redefining how humanity tackles decarbonisation.”

    TRIREC has successfully managed two funds and invested in over 20 decarbonisation companies, three of which have reached unicorn status. Importantly, TRIREC has also achieved successful exits for 3 of its portfolio companies previously. TVII is TRIREC’s third fund, further solidifying its position as one of the most established decarbonisation investment platforms globally.

    TVII was launched in late 2023 and has made its first three investments in the following companies:

    1. Immaterial – UK-based company focused on developing novel nanoporous materials and systems for carbon capture and hydrogen storage at ultra-low cost and highest efficiencies.
    2. Fiutur – US-based start-up spun out of Xpansiv, a marketplace for environmental commodities,  focused on developing an end-to-end financial data platform that enables a universal tracking system for all environmental commodities and a centralised tracking platform across the ESG asset lifecycle.
    3. Type-1 Energy – US-based start-up harnessing advanced manufacturing methods, modern computational physics and innovations in high-temperature superconductors to develop stellarator systems.

    In an era marked by evolving investor demands for liquidity and portfolio diversification, Alta provides diverse investment opportunities in private capital markets, including a wide range of alternative assets. Earlier in January, Alta announced a unique liquidity program for shareholders of Income Insurance Limited, a leading Singaporean insurer.

    About Alta
    We’re Building the Future of Capital Markets
    As Asia’s leading licensed digital securities exchange for alternative investments, we believe that access to capital markets are pivotal in all economies and recognize that our role in building this critical infrastructure goes beyond facilitating trades; it paves the way for entrepreneurship, job creation, financial inclusion, and economic resilience, fostering a brighter future for emerging markets and economies.

    Empowering Private Markets
    Through our Digital Exchange, we enable the tokenization and digital custody of alternative assets. This end-to-end solution simplifies and expedites the trading of smaller asset blocks, ultimately facilitating access and liquidity in private markets.

    Innovative Financial Ecosystem
    Our journey has seen us transition from securities trading and distribution of comprehensive products, including equities, private credit, funds, and asset-backed securities (ABS) (representing Real World Assets (“RWA”) like whiskies and wines) to include fund management and digital custody services.

    Established in 2016 and headquartered in Singapore, Alta operates offices globally and is the only integrated securities exchange, brokerage, and fund management group in Southeast Asia. Visit us on https://alta.exchange/

    About TRIREC
    Founded in 2015, TRIREC is a Singapore-headquartered SFDR Article 8 certified global venture capital investment firm. The mission is to drive decarbonisation focused investments for a more sustainable future. Having been pioneers and experienced managers in decarbonization, we have witnessed the progression of climate technology from its infancy to its current state of advancement.

    TRIREC benefits from its robust ecosystem, fostering substantial deal flow by collaborating with global stakeholders. We invest in companies focused on decarbonisation solutions that actively contribute to the reduction and removal of greenhouse gas emissions. Our portfolio companies span across five decarbonisation verticals: Food and Agriculture, Mobility, Buildings, Industries and Energy. TRIREC will continue to capitalise on its deep and wide roots in Asia, to serve as a natural bridge between the East and West. Find out more about TRIREC’s portfolio and purpose: https://www.trirec.co/

    For media inquiries, please contact:
    PRecious Communications for Alta
    alta@preciouscomms.com

  • Alta Partners with Scenic to Enable Enhanced Access to Booming Secondaries Space

    Alta Partners with Scenic to Enable Enhanced Access to Booming Secondaries Space

    • The Scenic Private Access Fund (SPA) provides exclusive access to late-stage technology companies with proven commercial success, offering risk-adjusted returns of 2-3x over the 4 year lifecycle of the fund
    • Alta experienced a significant surge in its secondary order volumes, reaching up to 300% in the previous year.
    • Today, the secondary market offers some unique opportunities to access renowned private companies such as ByteDance, Revolut, SpaceX and Epic Games.

    Alta Alternative Investments (Alta), Southeast Asia’s leading digital securities exchange for alternative assets, has partnered with US-based investment adviser Scenic Management LLC (Scenic) to launch  the Scenic Private Access (SPA) Fund on its platform, enabling access to direct venture secondaries to its global investor community.

    Through the SPA fund, Alta will provide direct access to late stage, VC-backed companies that have proven technology and commercially successful products. Later-stage companies typically have reduced risk profiles as  compared to early-stage venture capital opportunities. According to Scenic, the SPA fund has the potential to offer risk-reduced returns of 2-3x over the 4 year lifecycle of the fund

    “The value of secondary transactions may triple over the next seven years, from $114 billion in 2023 to $417 billion in 2030. At Alta too we saw a year-on-year increase of over 300 per cent in order volume on our secondary platform. This partnership with Scenic adds to the vibrant secondaries opportunities on our platform,  providing our ​​investor community with an exclusive and compelling option to invest in the booming secondaries space for wealth creation”, said Yifei Li, Managing Director, Head of Client Business, Alta.

    Since emerging, Asia’s secondary market has matched global trends, comprising 5-10% of global volumes, akin to Asia’s representation in primary capital raised globally. In 2022, as aggregate exit values in Asia declined sharply, secondaries constituted 22% of total private equity exits in the region, indicating its rising significance for liquidity. According to consultancy firm EY, secondaries will become a popular exit choice in Southeast Asia for private equity (PE) firms in 2024, after an overall slowdown in the exit landscape last year.

    Besides the Scenic Private Access Fund, TikTok’s parent company ByteDance, Epic Games, SpaceX and Revolut are some of the many high-profile private companies that have become easily accessible to investors through secondary deals.

    Through secondaries, investors would be able to tap on significant tangible value increases by investing in a business that is in a later stage of maturity, where the business would have discovered how to reliably and sustainably generate revenue and profits.

    Mark K Norbury, Managing Director and Head of Investor Relations and Co-invest at Scenic added, “Partnering with Alta marks a significant stride in our mission to create value for investors by exploring forward-thinking solutions. As we explore new horizons in private markets, we are excited about the prospects of expanding access to unique private market opportunities and allowing investors to invest in secondary opportunities in highly sought-after pre-IPO private companies. Alta’s proven track record and comprehensive approach to alternative assets complement our vision for a dynamic, interconnected marketplace. Together, we look forward to opening up new avenues for investors seeking new investment opportunities.”

    In an era marked by evolving investor demands for liquidity and portfolio diversification, Alta provides diverse investment opportunities in private capital markets, including a wide range of alternative assets. Earlier in January, Alta launched a unique liquidity program for shareholders of Income Insurance Limited, a leading Singaporean insurer. This marked the largest listing of a non-public company on a private securities exchange, enabling institutional and accredited investors to trade and own shares of a non-publicly listed company.

    About Alta

    We’re Building the Future of Capital Markets

    As Southeast Asia’s largest licensed digital securities exchange for alternative investments, we believe that access to capital markets are pivotal in all economies and recognize that our role in building this critical infrastructure goes beyond facilitating trades; it paves the way for entrepreneurship, job creation, financial inclusion, and economic resilience, fostering a brighter future for emerging markets and economies.

    Empowering Private Markets: Through our Digital Exchange, we enable the tokenization and digital custody of alternative assets. This end-to-end solution simplifies and expedites the trading of smaller asset blocks, ultimately facilitating access and liquidity in private markets.

    Innovative Financial Ecosystem: Our journey has seen us transition from securities trading and distribution of comprehensive products, including equities, private credit, funds, and asset-backed securities (ABS) (representing Real World Assets (“RWA”) like whiskies, wines, art, watches, and real estate) to include fund management and digital custody services.

    Established in 2016 and headquartered in Singapore, Alta operates offices globally and is the only integrated securities exchange, brokerage, and fund management group in Southeast Asia.

    Visit us on https://alta.exchange/

    About Scenic Management LLC

    Scenic Management LLC is Scenic’s fund management business. Scenic was founded in 2013 and was built by a team with decades of experience and billions of dollars of transaction volume in pre-IPO equities of leading venture-backed companies. We apply a systematic, quantitative approach to private markets that leverages proprietary data. We specialize in short-duration vehicles and employ a disciplined investing approach that delivers value within growth. Our funds provide diversified exposure to highly performing businesses at exceptional valuations for sophisticated investors. Headquartered in San Francisco, Scenic serves companies, shareholders, and investors globally.

    For media inquiries, please contact:
    PRecious Communications for Alta
    alta@preciouscomms.com