Overview of asset management: Cheyne Strategic Value Credit raises € 1bn | New



Cheyne Strategic Value Credit has raised € 1 billion for its Cheyne European Strategic Value Credit Fund II (SVC II), reaching capacity less than six months after its first closing.

Funding came from existing investors and a significant excess demand from new investors, he added.

Cheyne said the investment fund “enjoys broad investor representation and strong institutional backing, with around 80% represented by pension and insurance companies primarily in Europe and North America.”

According to the Texas County & District Retirement System website, the US pension fund committed $ 22.5 million to the fund this summer – an additional investment to the $ 150 million invested last December.

The company – established in 2017 as a new investment division within alternative asset manager Cheyne Capital – launched its first European value strategic credit fund which was significantly oversubscribed and closed at its strict capacity limit of 1 billion euros in June 2019.

SVC II pursues the same investment strategy as its predecessor, providing constructive capital solutions to mid-sized companies facing liquidity issues and other complex financial challenges, working on a consensual basis with management teams and shareholders to ensure a positive turnaround, he said.

The new fund has already initiated seven investments, in five different European countries and across a wide range of sectors, including business process outsourcing, ground handling and freight services, security solutions and food products.

Managers join forces to accelerate the development of Iceberg Data Lab

AXA Investment Managers, Natixis Investment Managers and its subsidiary Mirova, Sienna Investment Managers and Solactive have entered into an agreement with Iceberg Data Lab to participate in its Series A fundraising.

Following this minority investment, each investor will also be represented on the Iceberg Data Lab supervisory board in order to support the development of the company.

With increased demand from financial institutions and their stakeholders for greater transparency on the impact of portfolios on climate and environment, partner companies plan to support the global expansion and product development of Iceberg Data Lab. , which includes expanding data coverage, automated machine learning, and autonomous AI. .

Iceberg Data Lab is a financial technology company that operates data processing tools and scientific models that allow financial institutions to assess the impact of their portfolios on the environment.

The company has developed methodologies to calculate the different environmental impacts of issuers and assets throughout their value chain (supply chain to end use).

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