Vontobel launches new funds and expanded services

Vontobel Group, the Swiss-based financial services organisation, has recently announced the launch of two new venture capital funds as well as plans to expand its advisory and management services. The news follows the termination earlier this year of the firm’s advisory contracts with Private Equity Holding AG, a SFr 1.4bn global investment vehicle, and 5E Holding AG, a SFr 170m fund-of-funds focused on Central Europe. Following the award of both contracts to Swiss Life Private Equity Partners, Vontobel was left with the management of its single remaining vehicle, Vontobel European Ventures, a fund-of-funds which held a first closing on Euro 99m earlier this year (12 February 2001, page 8). As part of a rebuilding of its activities in the asset class, Vontobel is launching two new direct investment products targeting early-stage and later-stage investments. Both vehicles have received undisclosed cornerstone commitments from Bank Vontobel; external marketing is now set to target a wide range of institutions in Germany, Austria, Switzerland and across Europe as a whole. As an integral part of the group’s new strategy, plans to expand Vontobel’s advisory and management services have also been revealed. The firm envisages offering tailor-made private equity programmes to both institutional investors and high-net-worth individuals. As a further attraction, clients will receive access to Vontobel’s operational infrastructure in the Cayman Islands.

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