RBC I&TS to support new French fund vehicle 02 February 2017Paris Reporter: Stephanie Palmer
Image: Shutterstock
AXIO Capital has selected RBC Investor & Treasury Services to provide custody services, holding liabilities and positions for a new fund with a variable share capital of €50 million.
The fund, AXIO CROISSANCE, is an SLP—a specialised investment vehicle based on the structure of a limited partnership and designed to attract foreign investors to France.
It has a fund life of 99 years, and it open to subscriptions mainly from owner-investors and family offices. Designed for the micro-cap market, it has valuations between €2 million and €20 million.
Laurent Tesson, founding partner and CEO of AXIO Capital, said: “We chose RBC based on their level of expertise and track record in private equity. Their relationship model and the quality of their services for structuring innovative funds were also decisive factors in our choice.”
Philippe Legrand, managing director of RBC Investor & Treasury Services in France, added: “We supported our client with the launch of their new investment vehicle by adapting our service to could position ourselves as the provider of choice in this new, rapidly-developing market for SLPs.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 