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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.”