Alquity is targeting over $3bn in Assets Under Management with 10x growth in revenues within five years, expanding the bridge it has developed linking listed equities and impact.
In order to reach this target, it is announcing today that it is entering into a strategic partnership with East Capital Group, as well as completing its capital raise with backing from the founders of Investible and from asset management pioneer Martin Gilbert.
The partnership with East Capital Group will enable both synergies and scale. East Capital Group and Alquity will cooperate on business development and distribution in some European markets, as well as on fund operations. East Capital Asset Management SA in Luxembourg is appointed as the management company overseeing Alquity’s administration and custody services. Both companies will also work together on strengthening sustainable investment, impact practices and foster ESG excellence through the creation of a joint ESG and Impact Council. East Capital Group acquires a 10% stake in Alquity.
Alquity is seeking to maximise its market opportunity by continuing to pioneer its 3-D investment model by fusing financial performance, high quality portfolio ESG and catalytic capital for local impact through its Transforming Lives programme.
The company has a decade long track record of pioneering investment products, keeping it at the leading edge of ESG and impact. The firm also has a strong pipeline of next generation products which will increasingly deploy quantitative tools, machine learning and AI as big data plays a greater role in identifying and measuring ESG and Impact – the first of which will launch later this month.
“What is critical for our business is the bridge between listed equities and impact. We conceived of this approach ten years ago and now, supported by our partnership with East Capital Group and the backing of the founders of Investible and of Martin Gilbert, we want to start scaling billions of dollars of listed investments towards impact. This will bring benefits to companies and communities, to our clients and our shareholders.”Brad Crombie, CEO of Alquity
“We’re proud that Alquity, which is renowned for its high quality ESG and impact work, has chosen to partner with East Capital Group. Our operational excellence, our ESG efforts and especially our achievements in emerging and frontier markets provide an excellent platform for cooperation with Alquity.”Albin Rosengren, Managing Partner of East Capital Group
Alquity injects 10% of its revenues into its Transforming Lives Foundation, which has impacted over 60,000 people by granting more than $2m in the regions where the company invests. This social investment also provides a feedback loop back into the investment teams – a mechanism which differentiates its approach. Alquity and East Capital Group will work on growing and developing the Foundation.
“Megatrends in ESG and impact such as decarbonisation, gender equality and the circular economy, coupled with structural growth and booming demographics in emerging markets will shape the next ten years towards the Sustainable Development Goals. Investors will no longer accept short term alpha if it compromises long term beta. We all believe that now is the right time to seize this moment to scale through our differentiated offer.”Paul Robinson, Founder and Chairman of Alquity
In parallel Alquity has also secured the investment and backing from Martin Gilbert, the former CEO and co-founder of Aberdeen Asset Management, and from the founders of Investible, Australia’s leading seed stage investor.
“I have known the Alquity team for many years – they are tried and tested. There’s no doubt their expertise on the connection between listed equities, high quality ESG and impact is going to become even more significant over the next ten years – for investors and for the industry.”Martin Gilbert, former CEO and co-founder of Aberdeen Asset Management
“We are all about backing the next generation of game-changers. And Alquity is changing the game. Its combination of a world class management team, with a clear strategy, a differentiated approach, with purpose and transforming lives at its heart is truly compelling.”Creel Price, Investible Co-founder