TEAM plc’s Post

LCM Partners, an alternative asset manager partially owned by Brookfield Asset Management, is seeking to raise €6bn ($6.5bn) for its new Credit Opportunities 5 fund, which will focus on investing in non-performing loans (NPLs) across Europe. Since starting its fundraising efforts in June, LCM has already secured €3.3bn of indicative interest from investors, according to Chief Executive Officer Paul Burdell. The fund, which aims to deliver an annual internal rate of return of 15%, will also target performing and rescheduled loans to individuals and small- to mid-sized companies. The fund will refrain from using leverage when acquiring NPL portfolios, but will use leverage selectively for performing and rescheduled loans, according to Burdell. LCM plans to invest in loans through forward-flow agreements, where assets are purchased on a recurring basis over a defined period. The firm currently has 27 such agreements with European financial institutions and expects the first close of the fund in March. LCM is controlled by its founders and management team, including Burdell, with Brookfield holding a 49.9% stake. Credit: Private Equity Wire

Acquisition of JCAP Limited - 05 July 2021 The leading Jersey based Cash Management Company TEAM plc ("TEAM") the recently listed wealth, asset management and complementary financial services group, is pleased to announce that on 2 July 2021it acquired JCAP Limited ("JCAP"), trading as JCAP Treasury Services, a leading Jersey based provider of cash management services, focused on improving the return and mitigating the risks associated with the management of cash for institutions, professional advisers, trustees and high net worth individuals. JCAP has over £1.3 billion in assets under advice. The total net consideration payable is up to £2.95 million, of which £2,212,501 will be paid in cash and £737,499 in newly issued TEAM shares. The net tangible current assets of the business, of approximately £700,000 are being acquired on a pound for pound basis, in addition to the total net consideration. The payment at completion is for £1,659,376 in cash, funded from existing company resources, with £553,124 in TEAM shares, being 740,461 new TEAM shares at an issue price of 74.7pence per share. The deferred consideration payment of up to £735,500 is payable depending upon JCAP meeting certain performance targets in the period up to 31 December 2021, and payable by 31 March 2022, of which up to £553,125 is payable in cash and £184,375 in TEAM shares, based on the closing price in the 10 business days prior to the time of issue.  Read full document here: https://lnkd.in/eKSJqa9N

Why SmartleafAM (Smartleaf Asset Management)? What makes us different from other subadvisors? Who do we serve and what problem do we solve? We answer this and more in this week’s post. Click the image below to read the full article: https://hubs.ly/Q02w0kV-0

Here is a nice summary of Smartleaf Asset Management's sub-advisory service and what makes it unique. Also, FYI, there is someone on WhatsApp running an investment scam using my LinkedIn profile and our company name. We do not make any investment recommendations. I've reported it, but they have not responded or resolved it yet. If you see it, please report it to Meta, too.

Today, Pemberton Asset Management announces a €2.3bn final close of Pemberton's third vintage of the Strategic Credit Strategy. This brings the total AuM across the three vintages for the strategy to €4.9bn. As one of Europe’s largest opportunistic direct lending funds*, the agile nature of the Strategy has enabled us to execute and deliver on the Funds’ flexible mandate and deliver highly attractive risk-adjusted returns to our investors. Read the full press release here: https://lnkd.in/g3HTy2gT *Source: Preqin Debt Funds launched since 2017

These portfolios, built by Thrivent Asset Management, LLC are designed for investors looking to align their finances with how they live and what they believe by seeking to avoid investments in companies that may conflict with their values. They are fully diversified and are focused on asset accumulation. They are designed for a range of risk tolerances, to help you continue meeting your financial goals as they evolve over time. 📲(210) 477-8801 For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited. While diversification can help reduce market risk, it does not eliminate it. Diversification does not assure a profit or protect against loss in a declining market.

These portfolios, built by Thrivent Asset Management, LLC are designed for investors looking to align their finances with how they live and what they believe by seeking to avoid investments in companies that may conflict with their values. They are fully diversified and are focused on asset accumulation. They are designed for a range of risk tolerances, to help you continue meeting your financial goals as they evolve over time. 📲(715) 544-1122 For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited. While diversification can help reduce market risk, it does not eliminate it. Diversification does not assure a profit or protect against loss in a declining market.

AUM at Impax Asset Management declined over Q3 of FY24 - from £39.6bn on 31 Mar 24 to £36.9bn on 30 Jun 24 - a fall of 6.8%. That offsets a 5.9% increase over H1, resulting in AUM being down 1.3% over the first 9 months of FY24. Net flows and market movements / investment performance were negative in the quarter, -£1.89bn and -£0.81bn respectively. Impax noted that outflows were dominated by its wholesale channel, with some clients continuing to rotate out of equities, although outflows eased in key parts of its European operations. It noted the direct sales team enjoyed a busy period and that its new business pipeline is healthy. Impax has previously stated that it had a strategic focus on increasing the proportion of overall AUM in this asset class, and in turn decreasing the proportion of its AUM in small and mid-cap equities. In this vein, it has announced an agreement (subject to terms and conditions) to acquire the European assets (cUS$2bn AUM) of US-based SKY Harbor Capital Management, LLC (SKY Harbor). It looks to be a very good fit. SKY Harbor was an early adopter of the integration of sustainability risks and opportunities into its investment process and specialises in the management of fixed income corporate high yield securities and leveraged loans.   Our FY24 & FY25 forecasts reduce slightly on the lower AUM level at the end of Q3. But overall, this update has a small impact on longer-term projections and our fundamental value remains at 800p per share (c90% above the share price) and Impax’s PER of 13.7 looks undemanding. Link to report: https://lnkd.in/d2NSrdns

These portfolios, built by Thrivent Asset Management, LLC are designed for investors looking to align their finances with how they live and what they believe by seeking to avoid investments in companies that may conflict with their values. They are fully diversified and are focused on asset accumulation. They are designed for a range of risk tolerances, to help you continue meeting your financial goals as they evolve over time. 📲(262) 338-8601 For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited. While diversification can help reduce market risk, it does not eliminate it. Diversification does not assure a profit or protect against loss in a declining market.

These portfolios, built by Thrivent Asset Management, LLC are designed for investors looking to align their finances with how they live and what they believe by seeking to avoid investments in companies that may conflict with their values. They are fully diversified and are focused on asset accumulation. They are designed for a range of risk tolerances, to help you continue meeting your financial goals as they evolve over time. 📲507-354-4413 For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited. While diversification can help reduce market risk, it does not eliminate it. Diversification does not assure a profit or protect against loss in a declining market.