Tag Archives: asset management

News

Seventy Ninth Group launches £500m Fixed Income Real Estate Bond

12 June 2024, Southport, UK: Seventy Ninth Group, a UK-based global asset management specialist, has launched a new Fixed Income Real Estate Bond to the professional private and institutional investment market. 

Coined Seventy Ninth Luxury Living Six (LL6), the Bond will raise £500m. The investment strategy for this instrument is the acquisition, management and development of leisure and holiday park property assets across the UK real estate market. 

Jake Webster, Managing Director, at the Seventy Ninth Group comments, “The launch of LL6 marks the next milestone in our real estate investment portfolio – it’s an exciting endeavor that we invite our growing global network of 2500 investors to get involved with.  

 “We have a significant track record in the UK property sector, harnessing over 50 years of experience. It’s an area in which we remain inquisitive and agile to identify the best opportunities for our clients, delivering strong returns in times of economic uncertainty, which is what we are renowned for.  

 “As the UK residential buy-to-let market continues to faulter with record high interest rates, we are seeing record investment into our offerings from both private & institutional investors who are looking to diversify.” 

 Over the last few years, Seventy Ninth Group has set the standard for investors looking to gain exposure to the holiday park sector of the UK property market and have paid back over £120m to private and institutional investors to date.

News

Oxane gears up for 2023, building on last year’s momentum

Oxane gears up for 2023, building on last year’s momentum

Oxane Partners (“Oxane”), a leading technology-driven solutions provider to private markets, announced today that it ended 2022 by signing up with 25+ global clients. Despite the headwinds of the economic environment, Oxane sustained its remarkable growth trajectory, doubling its workforce in the last two years to 250+ and winning multiple industry awards across its solutions.

As the private markets industry is growing, there’s an increased demand for solutions that support scalability and digitalization initiatives, and Oxane continues to innovate in the space to better serve its clients. In 2022, Oxane crossed the milestone of working with over 100 institutional clients that include global banks, private credit funds, private equity funds, and institutional asset managers. Currently, the firm serves 13 of the top 25 global investment banks and has over $350bn in assets running through its solutions. This puts Oxane well on its way to becoming the largest independent solutions provider for private markets globally.

“Last year was a pivotal year for us as we achieved significant growth across our solutions, strengthened our relationships with existing clients, and welcomed new ones. As we enter 2023, we anticipate that investment firms will continue to seek out solution partners over vendors to drive strategic technology and operational objectives. We are at the forefront of this industry shift and excited to continue providing innovative solutions that drive the industry forward”, said Vishal Soni, Co-Founder and Managing Director of Oxane.

To further support its growing global clientele, Oxane set up a new office in Hyderabad, India serving as another center of excellence for cultivating its expanding talent pool. Last year, the firm hired over 125 professionals exceeding its projections of adding 100 team members, and plans to continue ramping up the team well into 2023 to support the business growth.

Oxane’s performance last year earned it the ‘The Rising Star’ recognition and category winner for innovation in private credit operations and technology by Chartis Research in their 2023 RiskTech100 report. The firm also received awards like ‘Best Buy-Side Portfolio Analysis Tool’ by WatersTechnology and ‘Best Valuations Service’ by the European Credit Awards 2022, among many others.

“Our strong growth last year reflects how our solutions are high on client relevance and enable them to stay ahead of the curve in this current economic environment. As we see investment firms increase their allocation to private markets, we’re well-positioned to support their growth with a breadth of solutions across portfolio management, managed data services, staff augmentation, and independent valuations. We will continue to partner with our clients and drive their success as we remain steadfast in our mission of simplifying, digitalizing, and transforming private markets”. said Kanav Kalia, Head of Marketing and Sales

Appointments, News

Seventy Ninth Group continues expansion with three senior hires

Seventy Ninth Group, an international asset management business specialising in the residential and commercial real estate, luxury living, and resources sectors has announced three key hires into newly created roles.

As one of the fastest-growing asset management companies in the UK, Seventy Ninth Group specialises in the acquisition and redevelopment of distressed assets across its core sectors. The family owned and managed business now has a headcount of over 40, an increase of almost 200 per cent compared with a year ago.

The latest trio of appointments represents investment in the management of the business and a commitment to growth both nationally and internationally over the next five years.

 

Colin Smith has been appointed Chief Marketing Officer. With a track record of working at internationally recognised companies such as Disney, Warner Brothers, and HBO, as well as strategic partnerships with Apple, Amazon and Google, Colin has been brought in to scale-up the marketing operations for the Group, and has responsibility for all digital, brand, media and PR.

 

Glen Parker joined as Group Operations Manager and has since been promoted to Chief Operations Officer. Glen brings over 20 years’ leadership experience from the military and has significant experience in supply chain and operations within global pharmaceutical companies. Glen manages daily business operations for the company including projects, finance, HR, and compliance. Glen is also briefed to build and maintain company culture and vision.

 

Vince Topping is Seventy Ninth Group’s new Group Finance Manager. Vince has over 30 years’ experience across audit, tax, financial reporting, and business management. Vince will be responsible for the oversight of all financial planning, implementation and preparation of accounting records, as well as ensuring the provision of detailed and timely reporting to both the board of directors and Ernst & Young and Deloitte, Seventy Ninth Group’s external auditors.

 

These new appointments represent an important next step for Seventy Ninth Group’s wider growth strategy to increase head office resources with some of the best people in their field. In addition, there have been appointments made across the operations, marketing and investments teams in response to the growing demands of these departments.

 

Natalie Bellis, Chief Executive Officer at Seventy Ninth Group comments, “We have always embraced an entrepreneurial culture in the business, seeking new opportunities for our investors. Over the last 12 months, this has taken us into new markets and new territories.

“To deliver on these new opportunities, we are expanding our team. Growth has been rapid, but for us it’s not about being the biggest, but bringing together some of the best people in the industry. The result is a combination of new expertise with our own experienced and dedicated team.

“We are – at our roots – a family business and we take great pride in the company we have built. Now, we look forward to the next chapter.”

 

Dave Webster, Chairman of the Seventy Ninth Group added; “I’m extremely proud of the ongoing growth of the Seventy Ninth Group and I think that these new hires really show our ability to attract some of the best talent out there.

“Furthermore, on a personal level, we’ve not only hired people with substantial ability and experience – which can only help us to achieve our lofty ambitions to become even more of a globally renowned and individual asset management company – but we’ve also made sure that the people we’ve brought in really add to, and resonate with, the core values of honesty, integrity and loyalty.

“I firmly believe that these people will truly help our company’s continued growth and evolution both internally and externally.”

 

 

News, South East

Buckinghamshire Council Selects Yotta’s Alloy system to Manage Highways Assets

 Buckinghamshire Council has awarded Yotta, the leading global connected asset management and services provider, a contract to provide it with a highways asset management system. Yotta will be implementing its Alloy connected asset management software and delivering associated services.

The contract, initially for two years, was won following a procurement process conducted through the UK Government’s G-Cloud 12 framework agreement. It is worth more than £600,000 for the 24-month period plus two optional extension periods of up to 12 months each.

Yotta is dedicated to applying technology to the advancement of infrastructure asset management and environmental services. Its purpose is to empower those with asset and data-rich environments to make better, more informed decisions about the way their infrastructure assets and environmental services are managed.

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About Yotta

Yotta transforms the management of the built world to create safer, cleaner and more sustainable places for everyone.

Its Alloy and Horizons cloud-based asset management software connects people, systems and assets so that organisations can make better, more informed decisions and manage their infrastructure assets with greater efficiency, speed and clarity than ever before.

Based in the UK, Yotta has an international network of partners, supports over 200 public and private customers and its software is used to manage more than 35 million assets.

News

Yotta provides environmental services management system to NE Lincs Council

Following an open procedure tender process, North East Lincolnshire Council has awarded global connected asset management and services provider Yotta a contract to supply it with a cloud-hosted environmental services management system to support the council’s waste collection, cleansing, green spaces and beaches. The contract start date was 1st January 2022.

Yotta is dedicated to applying technology to the advancement of infrastructure asset management and environmental services. Its purpose is to empower those with asset and data-rich environments to make better, more informed decisions about the way their infrastructure assets and environmental services are managed.