SINGAPORE, Sept. 19, 2023 /PRNewswire/ — Obsidian Capital SGR, an Italian asset manager specialising in international private markets, is pleased to announce it has entered into a strategic partnership with Asia Heritage Management, a Singapore based asset management company, and in conjunction with the agreement announced its new affiliate office in Asia.
Obsidian has over $850 million in AUM, and offers a diverse range of investment strategies and bespoke solutions for Italian institutional and high net worth investors seeking access to best in class private market funds, coinvestment and secondaries. The Obsidian Asia Heritage partnership significantly extends the firm’s reach into one of the fastest growing and increasingly important markets in Asia, and will provide research, sourcing, and due diligence expertise across all investment mandates with an allocation to the region. Asia Heritage is part of the private markets specialist group, Verse Holdings, run by Chris Lerner, Group Chairman, and Gianluca D’Angelo, Group President, that also owns Thrive Alternatives and Asense Technologies and has a local presence in eight money market centres across the Asia Pacific.
“Our partnership with Asia Heritage provides us with a strategic vantage point that enables us to be close to the markets and their participants, and a hard-to-replicate edge in sourcing and manager selection predicated on over two decades of local relationships and a distinct information advantage”, states Giacomo Stratta, reminding that “Asia already represents approximately one-third of Obsidian’s global private equity strategies. We are excited to build on our established relationship with this team and ready to launch the second vintage of our Obsidian Asian Opportunity fund with Asia Heritage“.
“Obsidian Capital is a first mover among Italian independent asset managers in the private assets space. We have immense respect for the thoughtful and rigorous approach to investments taken by Giacomo and his team. Our skill sets are highly complementary. We have a strong foundation of trust and standard of excellence that will translate well as we seek to serve as investment partners to exceptional private fund managers in this expansive region. Obsidian’s presence in Singapore showcases its commitment to the region and intention to build an enduring global private markets platform for the benefit of Italian investors,” added Chris Lerner.