Press Release - CITE announces equity stake in Kilcullen

CITE takes a Board seat at KIM to strengthen corporate governance and better represent investors at the management company level

Click here for PDF-Press Release: CITE INVESTMENTS (“CITE”) is pleased to announce that it has taken a significant minority interest in Kilcullen Investment Management (“KIM”), a Dublin based asset backed Private Equity investor.

CITE will own its interest in KIM via its CITE Venture Capital I (“CVC I”) vehicle. To strengthen corporate governance, CITE will have a Board seat to represent investors best interests.

Collectively, KIM and CITE will collaborate on strategy, business development and future product initiatives.

Colm O’Reilly, CEO of KIM, welcomes CITE’s 360-investment management approach. “CITE demonstrated its commitment to our joint success with their one-day project kick-off workshop to truly understand our strategy and vision. The CITE team’s data analysis provided significant support for our proposal, and we were able to make adjustments ahead of engaging with investors. The fund-raising timetable we set with CITE is tight, but their team co-designed our medium term vision and showed they understand the requirements of our family office sponsors.”

Sascha Klamp, CEO of CITE, sees significant benefits to the partner model. “We first met Colm O’Reilly and Enda O’Coineen in early February. Being able to quickly align interests is relatively uncommon in our industry. Working with a purposeful Due Diligence process enabled us to move fast whilst agreeing on a commercial model that aligns both parties’ objectives. We expect the partnership to be long lasting.”

Press Release - CITE signs LR Global ex Rockefeller Family Office Asset Manager

LR Managers chooses CITE Investments and its wholly owned subsidiary iGen Capital as their Investor Relations, PR and Corporate Governance partner

Click here for the PDF Press Release: LR Managers (New York) and CITE Investments (London) have agreed to the terms of a Master Distribution Agreement that will see both entities collaborating on investor relations, PR and corporate governance.

LR Managers is one of the oldest independent Frontier Markets asset management companies. It was incubated out of the Rockefeller Family Office and launched in 1997. The firm quickly demonstrated performance success in the early years despite launching just ahead of the Asian crisis. At peak, prior to 2008, the firm managed $900m in assets. The firm is now seeking to rebuild the business to take full advantage of their core expertise. The team continues to employ 12 research staff in their ‘field’-office in Vietnam whilst the management team is based in New York bringing total headcount to 20.

“We have had a lot to digest over the past few years, not least the passing of four of our key principals during the 2006-2007 period. Despite the various headwinds over the years, we continued to develop the business and we are positive that our continued investment in our business infrastructure as well as the continuity of our team will sit well with institutional allocators. Collaborating with CITE on conveying our refreshed story with renewed focus on Frontier Markets comes at a time when we both believe that these markets will see a strong rebound,” says Don LaGuardia, Founder and CEO LR Managers. “The timing for our engagement could not be better.”

“For CITE, teaming up with LR Managers was an obvious choice”, Anjelika Klamp, Global Head of Portfolio Management, CITE Investments confirms. “The team has significant history, strong legacy relationships in most, if not all, Frontier Markets and a portfolio management history that has demonstrated that they can manage significant assets in small but very nimble markets. We were impressed by their ability to select companies that one would not ordinarily find when allocating to mainstream groups.”


Press Release - CITE to work with Banque Bonhôte

Banque Bonhôte appoints CITE for their Corporate Governance & Due Diligence competence and mandates CITE to support its Acceleration Capital program

Click here for PDF-Press Release: Banque Bonhôte (Neuchâtel) and CITE Investments (London) have agreed to the terms of a Service Level Agreement that will allow both entities to collaborate on asset management company sourcing, due diligence and the provision of acceleration capital by Bonhôte Fund Solutions, a newly created entity at Banque Bonhôte.

Banque Bonhôte will use the relationship with CITE to strengthen its investor relations partnerships and uses CITE as an independent source in identifying asset management talent. It is proud to be an early adopter in asset management companies Corporate Governance, particularly in the hedge fund space.

“CITE has struck a chord with their approach to Hedge Fund Corporate Governance with our investors. For the past six months we have been evaluating our acceleration capital program with CITE and we believe it is beneficial for our clients to engage an experienced team with a strong background in asset allocation for the benefits of our clients. CITE’s sourcing capabilities of emerging asset manager’s fits with our wish to provide acceleration capital to great new talent”, says Steve Métrallet, Head of Bonhôte Fund Solutions. “We expect to engage with CITE across due diligence and corporate governance. Our Program comprises the Bank and a limited number of institutional partners (Private Banks, Family Offices, and Wealth Managers) that collectively manage over CHF20bn.”

“Banque Bonhôte has come up with a novel acceleration capital model. We are proud to have been appointed by such a prestigious bank to support their business development needs”, Sascha Klamp, CEO of CITE Investments confirms. “Banque Bonhôte will be able to build a first class asset manager program. It will be one of the first houses to endorse investor representation via a Corporate Governance code on a larger scale.”