The roll-out of the new business follows Sandaire's corporate finance launch.
Sandaire, the multi-family office, has launched an “enhanced” private equity business. This comes a few weeks after the rollout of the Sandaire Corporate Finance business, as previously reported in these pages.
The private equity arm will enable clients to obtain entry into opportunities from growth to buyout, through funds, co-investments, direct and underwriting investments. Such an offering taps into continued family office interest in private capital generally, given the asset class’s superior yield to conventional stocks and bonds, albeit for lower levels of liquidity.
“Private equity is a key component of the wealth market and we are seeing an increasing demand from existing clients for investment into unquoted companies. With the launch of Sandaire Private Equity, we’re well placed to enhance our offering and match our clients’ enthusiasm for further exposure in private equity,” James Fleming, chief executive of Sandaire, said.
Heading the business will be Michael Mowlem, who joins Sandaire as managing director of Sandaire Private Equity, leading an existing in-house team. He will be responsible for setting the strategic direction for this group. Prior to this, he had a 30-year career in mergers and acquisitions in investment banking and, since 1997, in private equity. He was previously at LGV Capital, the private equity business of Legal & General Group plc.
This news service interviewed Fleming about Sandaire's strategy here. The organisation is also a member of the Wigmore Association, a network of chief executives and chief investment officers from a clutch of MFOs around the world. One such MFO is Pitcairn, in the US. (See an interview here.) Sandaire is present in many regions including Asia (see story here).