Alternative Investment

What’s New In Investments, Funds? – Edmond de Rothschild, Gresham House

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The latest news on investment offerings, financial products and other services relevant to wealth advisors and their clients.


House

A fund launched four months ago in partnership with
Edmond de Rothschild Private Equity
, known as PeakBridge
Growth II S C A SICAV-RAIF, has finished its first closing at
around half of its target fund size. 


The fund, which will start to deploy the first sum, around €100
million ($99.77 million) secured from investors, has its first
two investments in Netherlands-based Rival Foods and France-based
Standing Ovation.


PeakBridge, a member of the Edmond de Rothschild Private Equity
partnership, is a global impact fund manager which concentrates
on agriculture and food technology – an area given added impetus
by concerns about global food security since Russia’s invasion of
Ukraine in February.


“Our food diet is standardised, and neither healthy nor
sustainable. Much of our food comes from a small number of
over-processed ingredients which are harmful for both
biodiversity and our health. Solutions and technologies that
explore alternatives to animal-based protein without compromising
on taste, texture, nutrition and climate impact are becoming
increasingly significant,” Nadav Berger, general partner and
co-founder of PeakBridge, said.


“Fighting inflation by passing on price increases to the end
customer is not a sustainable solution. Product innovation,
meeting new consumer needs, and resource optimization are
long-term solutions that Agri-FoodTech Funds such as PeakBridge
and innovative companies such as Rival Foods and Standing Ovation
help drive,” added Erich Sieber, GP and co-founder of PeakBridge,
said.


PeakBridge Growth II S C A  SICAV-RAIF is structured as a
Luxembourg SCA SICAVRAIF and is open to professional investors
only, making a minimum commitment of €2.5 million. 


Gresham House

Gresham House,
the specialist alternative asset manager, has formed a strategic
partnership worth around £50 million ($57.5 million) with social
impact real estate firm HSPG. Gresham is continuing to build
its portfolio of shared ownership and affordable housing. 


Under the arrangement, Gresham House has the exclusive option to
acquire HSPG’s pipeline of shared ownership properties when the
units are completed. The responsibility for selling the
properties will remain with HSPG, Gresham said in a statement.


The deal is Gresham House’s first agreement to include forward
exclusivity, with the asset manager expecting to acquire at least
£50 million of properties as part of the deal over the next three
years. 


The first transaction under the partnership has now been
completed, with Gresham House acquiring 21 completed homes at the
Laureate Fields development in the coastal town of Felixstowe in
east Suffolk for £2.7 million. 


The properties acquired through the agreement will be held in
Residential Secure Income, an investment trust managed by Gresham
House which invests in shared ownership and independent
retirement living properties around the UK. Earlier this year,
ReSI plc acquired 182 shared ownership freehold houses in the
Southeast and east of England and 39 new build shared ownership
homes in South London. This latest acquisition brings ReSI plc’s
portfolio to 725. 

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