Xponance® Alts Solutions (XAlts), a subsidiary of Xponance®, Inc., and Investcorp’s Strategic Capital Group (ISCG) will work together to increase access to strategic capital and other resources for select firms that are believed to have been historically overlooked. This approach will further enable diverse GPs in the mid-market space to optimize their business structures, support vertical or horizontal expansion, and seed adjacent strategies.
Launched in 2019 by Anthony Maniscalco and David Lee, Investcorp’s Strategic Capital Group seeks to be a long-term strategic partner to mid-sized alternative asset managers, with a primary focus on GPs it believes to be well-established, with successful track records and that are poised for growth. Xponance’s alternatives platform, XAlts, was established earlier this year to provide direct capital solutions to emerging and diverse alternative managers. It is led by industry veteran Marquette Chester, who joined the firm in February.
Tina Byles Williams, Founder and Chief Executive Officer of Xponance®, said: “Our entrance into the alternatives space with ISCG is a natural extension of our DNA as a ‘force multiplier’ to expand opportunity for innovative investment strategies offered by diverse and woman-owned firms and industry professionals. Our deep experience in seeding, sourcing, and nurturing trusted manager relationships, combined with ISCG’s diversified sourcing, due diligence, structuring and value-enhancing disciplines, should make for a compelling and value-producing, long-term engagement.” Ms. Byles Williams joined the advisory board of ISCG, effective January 1, 2021.
Rishi Kapoor, Co-Chief Executive Officer of Investcorp, commented: “At Investcorp, diversity is a key part of our uniquely global culture and we understand the critical importance of different perspectives as a driver of thoughtful decision-making and investment success. We are pleased to be partnering with the talented team at Xponance®, with their 25-year track record of investing in diverse or woman-owned businesses, to help our investors gain more exposure to such managers with the potential for growth and value creation. This partnership will build on our existing commitment to identifying best-in-class private capital GPs, now with the opportunity for wider exposure to diverse and woman-owned firms.”
David Lee, Partner in ISCG, added: “We have been highly attuned to the growing appetite for capital within the diverse manager community, which has expanded at a higher rate than the overall private equity and private credit market over the past few years, despite traditionally being underserved and undercapitalized. At the same time, there is mounting interest from investors in gaining exposure to diverse managers. Through this partnership with Xponance®, we are delighted to be able to connect with a broader group of stakeholders to create what we believe to be sustainable value for the managers and our investors.”
Xponance®, Inc., formerly FIS Group, is a Black woman led, and 100% employee-owned investment manager, founded in 1996 by CEO and CIO Tina Byles Williams. With $12 billion in assets under management as of April 1, 2021, Xponance® is a multi-strategy firm offering emerging and diverse multi-manager capabilities, as well as active and passive equity, fixed income and alternative solutions. Xponance’s technology subsidiary, Aapryl, LLC, offers a web-based analytical platform that assists asset owners in portfolio, manager, and risk due diligence.
Xponance’s primary goal is to be a trusted client solutions partner. The firm’s name is derived from the word “exponent” and dually connotes its core objectives—to be a zealous champion for clients; and to provide higher level engagement and a broader array of solutions to meet clients’ investment needs.
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Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes and infrastructure. Since our inception in 1982, we have focused on generating attractive returns for our clients while creating long-term value in our investee companies and for our shareholders as a prudent and responsible investor.
We invest a meaningful portion of our own capital in products we offer to our clients, ensuring that our interests are aligned with our stakeholders, including the communities within which we operate, towards driving sustainable value creation. We take pride in partnering with our clients to deliver tailored solutions for their needs, utilizing a disciplined investment process, employing world-class talent and combining the resources of a global institution with an innovative, entrepreneurial approach.
Investcorp today has a presence in 12 countries across the US, Europe, GCC and Asia, including India, China and Singapore. As of December 31, 2020, Investcorp Group had $35 billion in total AUM, including assets managed by third party managers, and employed approximately 430 people from 43 nationalities globally across its offices. For further information, visit www.investcorp.com and follow us @Investcorp on LinkedIn, Twitter and Instagram.
Len Oremland, Managing Director
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