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What's New In Investments, Funds? – Mediobanca, Tyr Capital

Editorial Staff 2 March 2022

What's New In Investments, Funds? – Mediobanca, Tyr Capital

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

Mediobanca
Mediobanca, the Italian financial group, has launched a new VC fund to expand its illiquid investments for private banking clients in Italy.

Developed by Russell Investments, the Mediobanca Venture Capital fund will invest primarily in US technology startups primarily based in the US. It will aim to offer diversification across companies at different growth stages (seed/angel, early and late stage) and accompany them to their next steps of maturity, such as stock market listing or sales to new investors.

The fund will be distributed exclusively by Mediobanca Private Banking until 25 March 2022 when the bank will do the first closing. If the size is reached, final closing will be at the same time, the bank said. Through the fund, Italian private investors will be able to access funds investing in unlisted tech companies which are still in the startup phase and show high growth potential.

The group said the fund is one of the first initiatives of its kind in Italy, where investments in venture capital are still underdeveloped compared with other markets. The fund’s characteristics include the capital call structure being split in accordance with the different investment windows.

“Illiquid investments are an integral part of our offering, which we are increasingly expanding with innovative solutions. We aim to provide a specialised offering complemented with the high-end services that characterises Mediobanca’s Wealth Management. This will contribute to strengthening our position as leader in offering alternative investment solutions,” Angelo Viganò, head of Mediobanca Private Banking, said.

Tyr Capital
Tyr Capital, the Swiss crypto investment manager, has launched a new long-only hybrid venture capital fund.

Tyr Capital Venture offers investors exposure to long-term returns across a portfolio of liquid tokens and illiquid digital assets (early-stage tokens and multi-stage venture capital equity) with a liquidity horizon of one to three years, the Geneva-based firm said in a statement.

The fund combines the team’s venture capital and liquid trading backgrounds to provide access to asymmetric upside investment in early-stage deal flow, while capturing broader beta exposure in the digital asset market.
 
“The venture fund is being launched at a time when institutions are keen to gain exposure to crypto assets. The cryptocurrency market cap surpassed $2.5 trillion in 2021 – equivalent to a third of the market cap of gold. And is a trend we expect to continue,” Ed Hindi, chief investment officer at Tyr Capital Partners, said. “We created this fund to serve the fast-growing appetite for outsized returns that long-term positions and venture capital equity offers. Crypto projects are evolving rapidly and are receiving a significant amount of capital giving them the tools to develop life-changing products. The benefits of the technology are proven, and we are excited to help fund the coming generations of this rapidly-growing sector and give investors exposure to this opportunity.”

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