The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
Evolution Equity Partners
Family offices and high net worth individuals are among those
making commitments totalling $1.1 billion to a tech fund aimed at
cybersecurity.
Evolution
Equity Partners has announced the final closing of Evolution
Technology Fund III.
The fundraise was oversubscribed by existing and new limited
partners. The commitment includes funding from British Patient
Capital, a UK domestic investor in venture and venture growth
opportunities and a subsidiary of the British Business Bank.
Evolution Equity Partners will use the capital to make
investments ranging from $20 million to $150 million in
cybersecurity. The firm intends to invest in the US, UK, EU
and Israel. Significant investments made to date by Evolution in
the United Kingdom and EU include: AVG Technologies, Quantexa,
Panaseer, DF Labs, Logpoint, CounterCraft, Cognitive Security,
Eperi, Cybsafe, Tatum, Elliptic, Arqit, and Metomic. These are
amongst 60 portfolio companies the firm has backed.
“Over the past 25 years, we have witnessed first hand the strong
cybersecurity entrepreneurial talent pool in the UK and EU,”
Richard Seewald, founder and managing partner at Evolution Equity
Partners, said.
Evolution Equity Partners was founded by investor and technology
entrepreneurs Seewald and Dennis Smith. It has a specialist team
of 30 professionals based in New York City, Palo Alto, London and
Zurich.
WisdomTree
WisdomTree, a
global financial innovator, has just launched the WisdomTree US
Quality Growth UCITS (QGRW) exchange traded fund (ETF).
QGRW, which has a total expense ratio (TER) of
0.33 per cent, aims to track the price and yield
performance, before fees and expenses.
Listed on Börse Xetra and Borsa Italiana, QGRW will be
listed on the London Stock Exchange, the firm said in a
statement.
The proprietary index is designed to track the performance of US
large-cap companies with strong quality and growth
characteristics that meet WisdomTree’s ESG criteria.
WisdomTree’s approach aims to provide higher upside participation
in bull markets and generate positive excess returns over a full
market cycle. The growth factor aims to capture companies
experiencing growth in sales, realised earnings, and expected
earnings, often including disruptive companies and technological
giants, allowing for greater upside participation. The quality
factor adds stability to a portfolio and helps filter out the
most unprofitable, highly speculative, and low-quality names.
This combination positions the WisdomTree US Quality Growth UCITS
ETF as a strategic, long-term equity solution for investors
looking for thoughtful exposure to the growth segment of the US
equity market without sacrificing the quality of their portfolio.
European investors can access QGRW, which is already an available
strategy in the US, initially launched in 2022. WisdomTree
US Quality Growth UCITS ETF will join WisdomTree”s
$360-million range of Quality Growth ETFs, the firm added.
