ITI Funds, a global provider of investment solutions and operating services for professional asset managers and international investors, raised a new funding round from funds under management of Da Vinci Capital, investment company Mantra Investment Partners and private investors. The round consisted of primary and secondary parts.
ITI Funds was established in 2015 to work with professional private and institutional investors. ITI Funds is an emerging market asset manager with rapid capacity to develop unique products. The company has launched 10 funds including algorithmic and hedge funds, special situations,private equity funds and ETFs with total AUM of more than $100 million. This year, ITI Funds launched one of the world’s first institutional crypto fund with $70 million of assets, operating under the regulatory compliant infrastructure consisting of dedicated administrator, auditor and EU licensed banks, making investment in crypto available to institutional investors.
The Company will launch a dedicated crypto funds infrastructure in December 2018 partnering with leading crypto and capital markets infrastructure specialists, making ITI Funds a unique gateway to crypto asset classes for institutional asset managers. The Company plans to launch several other crypto access products during the next year.
The company is open to a wide range of hedge funds that may join the platform and increase AUM several times during 2019.
ITI Funds offices are located on Guernsey and in Luxembourg. Funds, launched on ITI Funds platform are registered in Luxembourg, Caymans and Guernsey and are traded on London, Moscow and Irish stock exchanges.
“There is a lack of modern and client-oriented products for fund managers and investors in hedge funds especially for the investments into digital assets, - says Oleg Jelezko, Managing Partner at Da Vinci Capital. — We believe that ITI Funds can fill this gap in financial infrastructure and benefit from the rapid development of alternative and digital assets markets”.
Closing this gap will allow ITI Funds to grow international business in Europe, using the hub in Luxembourg to foster the presence.
“We are combining the attractiveness of alternative and crypto assets with blue chip service providers, allowing institutionals to play on wider markets. Business processes on top of it, as well as our own structuring give us a solid competitive advantage – highlights Gleb Yakovlev, Chief Executive Officer at ITI Funds, - And cooperation with Mantra gives us an understanding that we are on the right path and the investors from Europe have live interest to what we do”.
“We are focused on underserved and underinvested strategies, and we believe the strategic focus on ITI Funds is in line with what market needs”– comments Fabrice Moyne, Partner & Head of Secondary Investments at Mantra Investment Partners.
About ITI Funds
ITI Funds is a diversified platform for independent asset managers allowing for set-up and management of hedge funds, ETFs, crypto focused funds supported by leading institutional service providers. ITI Funds is uniquely positioned across key financial centres to offer unparalleled access to a new generation of investment products to its target investors. The company is the only Luxembourg licensed ETF provider focused on the Russian market. Currently there are 10 funds on the platform with total AUM more than $100 million.
About Da Vinci Capital
Da Vinci Capital is a leading emerging markets private equity manager. Backed by the European Bank for Reconstruction and Development and other major institutional investors, Da Vinci Capital has over $300 million of assets under management in «Fund I», «Fund II», «Pre-IPO Fund» and co-investment funds.
Da Vinci Capital’s portfolio includes online procurement platform B2B-Center, collection agency First Collection Bureau, financial technology group ITI Group, ETF sponsor and hedge funds platform ITI Funds, IT solutions provider Softline and global ride-hailing company Gett.
About Mantra Investment Partners
Mantra Investment Partners (Mantra) was founded in 2007 with the aim to focus on under served private equity strategies, as the challenges posed by a changing landscape in private equity creates the need to find new inefficient pockets of over performance within this asset class.
Mantra has offices in Paris, Luxembourg and New York and currently manages €300 million of capital.