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Martin Gilbert invests in EM boutique amid capital raise

London-based investment house experiences cash injection and sells minority stake to East Capital to help aid long-term growth.

Martin Gilbert invests in EM boutique amid capital raise

Investment boutique Alquity has announced a new strategic partnership as well as completing a capital raise in a bid to grow to assets under management by $3bn (€2.5bn) over the next five years, Citywire Selector has learned.

The London-based group has signed a deal with East Capital to allow it to grow across Europe, as well as leveraging the larger emerging market specialist’s existing distribution and fund infrastructure.

Under the terms of the East Capital Asset Management SA will become the management company for Alquity, overseeing administration and custody services. East Capital has taken a 10% stake in Alquity as a result of the deal.

Alongside this deal, Alquity has also received investment from Australian seed capital specialist Investible, as well as from Aberdeen Asset Management co-founder Martin Gilbert. It was not revealed what size of investment the company or Gilbert had made.

Alquity said the investments and the strategic partnership were crucial in its ambition to grow its revenues ten-fold over the next half-decade. This is also designed to help drive its work on bridging the gap between listed equities and impact.

Alquity was launched in 2010 with charity work at its core, as 10% of its revenues are contributed to the Transforming Lives Foundation, a social investment programme. Over the course of the coronavirus outbreak, the company donated 40% of new fees to pandemic-related aid.

Gilbert’s investment in Alquity caps a busy period for the former ASI chief executive. He was named chair of fintech company Revolut last November, while also assuming a role on River & Mercantile’s board at the beginning of this year. It is understood he has not taken a formal post at Alquity and his involvement is limited to an investment.

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