In 1953, he became a director of American European Securities Co., one of the first funds to combine European and American equity holdings.
The first fund to follow the company's model, the Alquity Africa Fund, is an example of Alquity's philosophy in action.
ECONOMIC TIMES Chinese Private Equity Start-Up Raiseses $79 Million | PTiFund, a Chinese private equity start-up, raised $79 million for its first fund, to invest in a residential property development in Shenzhen, Reuters reports.
BlueBay, which is owned by Royal Bank of Canada, has been one of the first funds to openly speculate about the impact of Jeremy Corbyn entering No 10 in 2017.
The firm catered to wealthy individuals but also took on a less affluent clientele with the establishment, in 1950, of the Neuberger Guardian mutual fund, one of the first funds to be sold without the usual 8.5 percent upfront sales commission.
BLOOMBERG NEWS Real Estate FirmRaisesses a $300 Million Fund | GreenOak Real Estate, run by a team that left Morgan Stanley when the property market crashed, has raised $300 million for a first fund to invest in real estate in the United States, Bloomberg News reports.
Hong Kong-headquartered Decision Fuel is the first fund to be listed on SeedAsia.
The largest first fund to have raised during Q1 was Washington, D.C.-based NaviMed Partners, L.P. which raised $44.8 million.
The goal is for this first fund to grow to €43 million from its current size of €16 million for such investments.
Homebrew isn't the first fund to emerge that takes a more founder-friendly, hands-on approach to angel and seed investing.
