New hedge funds, fund managers and private equity firms are starting out in London in spite of the Brexit vote. These are our pick of the companies to receive authorisation from the Financial Conduct Authority in October - tracked by corporate finance boutique IMAS. Not all will be hiring, but it's worth noting them if new opportunities should arise.
1. Half Sky Capital:
A new hedge fund focused technology media and communications, Half Sky Capital is a new global long-short equities launch. It has at least five employees currently. Aamod Mishra, who has previously worked at Threadneedle Investments, is one. Ran Li, a former Lone Pine Capital managing director is another. Mourad Bahri, latterly founder of Harvard Incubator Brevo, joins the investment team. Chris Marshall, latterly COO of hedge fund Amiya Capital, takes a similar role, while Katariina Kanninen heads up operations.
2. Henderson Park Capital Management:
This real estate investment firm was set up by Nick Weber last year. Weber is a former Goldman Sachs partner and founding partner of Mount Kellett Capital Management. Henderson Park has just received former FCA approval. The fund has $500m capital from three investors – Stone Point Capital, Kuwait Investment Authority and Wafra Investment Advisory Group and will be investing in a range of real estate sectors across Europe. So far, there’s only one other FCA registered employee – Charlie Power, who joins as COO and CFO.
3. Kindred Capital:
Kindred Capital is an early stage venture capital fund that again has been in operation since last year but has just received the regulatory thumbs up. Tracy Doree, who spent two years as an investment banking analyst back in 2008 but has been involved in various start-ups since, is a founding partner. So is Leila Rastegar Zegna, a former Bain & Co consultant who has been an angel investor for the past five years. Russell Buckley, who latterly worked in the UK government’s venture capital unit focused on technology companies, is another partner.
4. Maystone Capital:
Maystone Capital is a new private equity firm set up by Sumit Kanthed, a former derivatives salesman at J.P. Morgan and consultant at Omada Capital. Also onboard is Kartik Krishnaswamy, a former Barclays banker and director at wealth manager Crossbridge Capital. These are the only two current listed employees.
5. Medixci Ventures:
Medixci spun out from technology venture capital firm Index Ventures earlier this year, and will focus on life sciences investments. It has taken a number of former staff with it. Kevin Johnson is general partner, Giovanni Mariggi, who was principal of life sciences at Index, is principal. David Grainger is founder and partner, while Francesco de Rubertis and Michele Ollier are partners.
6. Proterra Investment Partners:
Torben Thordsen, Brent Bechtle and Jim Sayre, all former senior managing directors at Black River Asset Management, are the founding partners of this commodities-focused PE firm. Proterra is a spin out of Black River and has nine FCA approved employees currently including Tim Noonan, who previously worked for Black River’s private equity arm. Proterra is primarily focused on investments in the food industry, particularly in Sub-Saharan Africa and Latin America.
7. Signal Capital Partners:
Elad Shraga left his role as head of structured finance last year. Signal Capital Partners is his new venture. It is a fund management firm focused on real estate and distressed debt. He’s also hired in his former mentor who was previously head of commercial real estate at Deutsche Bank.