Bank Pâris Bertrand Sturdza, Bordier & Cie and REYL & Cie have teamed up to launch Hermance Capital Partners, an investment boutique focusing on non-listed assets.
Hermance Capital Partners will operate as independent self-governing entity, equally owned by all three Geneva-based banks.
The boutique will invest in private equity, private debt and private real estate on behalf of private banks, family offices and independent wealth managers.
Hermance Capital Partner’s investment team will be led by Jacques Chillemi, who has been head of Private Equity at Bank Pâris Bertrand Sturdza SA. Alongside Pierre Pâris, he is a co-founder of Hermance Capital Partners.
Chillemi comments on the launch: “Our collaborative mindset is that we can do more together than by ourselves, and joining forces guarantees success by granting global access to high-value PE investments that would be inaccessible to small and midsize investors without this platform.”
Hermance Capital Partners currently offers two strategies, operational as multi-manager funds, one investing in private real estate debt and the other in buy-outs of small and midsize US firms. It now aims to aims to launch a European class of the buy-out strategy in February 2018 as well as a direct investment vehicle.
Overall, the group intends to launch at least six strategies which will be deployed internationally and cover private equity, private real estate and private debt.