May 2011
Press Release
Industry performance benchmarks confirm Advanced Capital as leading global private equity fund of funds specialist
Advanced Capital, the leading European alternative investment specialist started by innovative financier Robert Tomei, has reported stellar benchmark performance figures to investors as it pursues a major expansion drive which saw recent significant investment into distressed debt fund, mCapital.
The overwhelmingly Upper Quartile results released by authoritative industry research houses, Preqin and Cambridge Associates, confirm the continuing outperformance of Tomei and his team.
Across all industry benchmarks as measured by Preqin in its authoritative 2010 Private Equity Performance Monitor, the combined performance of Advanced Capital’s three funds confirms it as a market leader. It was ranked ‘Second Fund of Funds Managers by Average Underlying Fund Quartile Ranking’ in Prequin’s “Performance of Private Equity Fund of Funds, April 2011” recently released report which surveys 5,667 fund investments across 134 fund of funds.
In addition to this, Advanced Capital’s funds, ACI, ACII and ACIII were ranked as Upper Quartile Funds by both Preqin and Cambridge Associates.
Fund of funds – Median Total Value Ratio by Vintage Year
Robert Tomei CEO of Advanced Capital, which is widely recognised as Italy’s top fund of funds with 1 billion Euros AUM, said: “Investors have confidence in our strategy and ability to generate returns with the result that there is a healthy cash inflow into our funds.
“The global financial services industry is undergoing far reaching changes which are throwing up stellar opportunities for the most talented. Our growth strategy is firmly based around our ability to identify these next world-class fund managers, particularly in emerging sectors, but also with a view to extensive new investment in our existing Energy and Global Real Estate funds,” he concluded.
Advanced recently announced an exciting €50million joint seed investment with the renowned European hedge fund incubator, IMQubator, into the new mCapital European & Asian Special Situations Fund. Run by Mark Devonshire, the former head of Merrill Lynch’s Hong Kong and London Principal Credit Group and widely regarded to be one of the world’s top distressed debt traders, mCapital offers a niche investment strategy with a focus on dynamic small to medium size special situations with a focus on distressed assets.
Devonshire’s launch, which had been widely anticipated by the industry, brings together a topflight team from Merrill Lynch in Europe and Asia that has worked together for more than ten years and shares an almost unrivalled knowledge of local markets.
With the latest fund commitment and more on the horizon, Advanced Capital is firmly establishing itself as the investment manager to watch in the alternative investment space as it pursues an ambitious strategy to identify the new generation of global managers and opportunities
NOTES FOR EDITORS
About Advanced Capital
Advanced Capital (http://www.advancedcapital.com) is a leading independent group within the alternative asset management industry focused on investments in tangible assets worldwide (industrial, real estate) through private equity funds of funds. Established in 2005, AC has Euro 1 billion under management and offices in Milan, London, Lugano and Luxembourg. The company is managed by a team of world-class professionals with a proven track record for delivering sophisticated clients uncorrelated investment returns in diverse businesses cycles. It was recently ranked second globally out of 134 funds in Preqin’s April 2011 private equity fund of funds annual performance analysis
For further press information please contact Lindsay Bancroft or Kelly Luchford at LUCHFORD APM: or or 020 7631 1000 / 079 576 37995