SWITZERLAND - Swiss fund manager Bank Julius Baer is targeting small and medium sized pension funds with a new private equity offering under the name, Shape Capital.
The new fund of funds - which focuses mainly on buy-outs in the US and Europe - will be listed on the Swiss Exchange from November 27, pending regulatory approval .
This structure gives investors easy access to a broadly diversified portfolio of international private equity, according to the firm.
The private equity team of the Dutch asset manager Robeco - a unit of Rabobank - has been selected as investment advisor.
The subscription period runs from October 24 to November 14 with an initial price of CHF200 per share.
The move takes place despite volatile market conditions. However, the fund insists that current market conditions are still favourable for private equity investments:
“Current stock market trends are leading to increased uncertainty among investors, and the need for diversification into alternative forms of investment is growing.
“Launching a new investment product in the present environment makes it possible to evade largely possible after-effects of the recent technology boom.”
By Madhu Kalia
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