Three Swiss private banks have partnered up to develop Hermance Capital Partners, an investment boutique focusing on private equity, private debt and private real estate.
Bank Paris Bertrand Sturdza, Bordier & Cie, and REYL & Cie are the banks involved in the initiative.
The private market fund platform, Hermance Capital Partners, will act as an independent self-governing entity and be equally owned by all three partners.
The companies in a joint statement said: “This alliance between Bank Pâris Bertrand Sturdza SA, Bordier & Cie and REYL & Cie is underpinned by shared interests and spearheaded by a desire to develop exclusive, high-performing private investment solutions.”
The fund invests in non-listed assets on behalf of its private clients. It is targeted at private banks, family offices and independent wealth managers.
Hermance Capital Partners is led by Jacques Chillemi.
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By GlobalDataThe firms said: “The modular fund-based approach enables flexibility within the process so that investors can build portfolios according to their own diversification restrictions.
“Two strategies are currently operational as multi-manager funds, one investing in private real estate debt and the other in buy-outs of small and midsize US firms.”
They also said Hermance Capital Partners will also be looking to launch a European class of buy-out strategy and a direct investment vehicle in February 2018.
At least six strategies will be deployed internationally across private equity, private real estate and private debt.
Chillemi said: “Our collaborative mindset is that we can do more together than by ourselves, and joining forces guarantees success by granting global access to high-value PE investments that would be inaccessible to small and midsize investors without this platform”.