The funding round extension included participation from funds managed by Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev.
HELSINKI, Dec. 18, 2024 — ICEYE, the global leader in synthetic aperture radar (SAR) satellite operations for high-fidelity Earth Observation, persistent monitoring, and natural catastrophe solutions, today announced that it has closed a $65M extension of the company’s earlier growth funding round of $93M, announcedin April 2024.
ICEYE closes $65M extension to existing growth funding round for a total of $158M raised in 2024
The funding round extension included participation from funds managed by Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev. The financing consists of a mix of debt and equity instruments and will increase investment in further developing ICEYE’s leading SAR satellite constellation, its intelligence, surveillance, and reconnaissance (ISR) platform, and related systems. The extension brings the total amount raised in 2024 to $158M. In total, ICEYE has raised over $500M to date.
ICEYE has achieved considerable growth during the past years and the investment announced today enables ICEYE to continue expanding its ISR capabilities to serve a global customer base while further cementing its market-leading position in the new space ecosystem.
Susan Repo, CFO at ICEYE, said, “ICEYE has experienced unwavering momentum over the past few years. This extension of our growth funding round further bolsters ICEYE’s investment in its capabilities and enables us to respond even better to the growing demand for space-based technology in the global defense and ISR markets.”
Reima Rytsölä, CEO at Solidium, said: “Extending the growth funding to support ICEYE growth is well in line with our investment strategy. Our view is that ICEYE continues to have strong potential to grow to a nationally significant company and foster a completely new technology cluster in Finland.”
Citigroup acted as the exclusive private placement agent to ICEYE.
About ICEYE
ICEYE delivers unparalleled persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before.
Owning the world’s largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights, ensuring that customers have unmatched access to actionable data, day or night, even in challenging environmental conditions. As a trusted partner to governments and commercial industries, ICEYE delivers intelligence in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance, enabling decision-making that contributes to community resilience and sustainable development.
ICEYE operates internationally with offices in Finland, Poland, Spain, the UK, Australia, Japan, UAE, Greece, and the US. We have more than 700 employees, inspired by the shared vision of improving life on Earth by becoming the global source of truth in Earth Observation.
MUMBAI, India, Dec. 18, 2024 — 3Gen Consulting, a leading provider of healthcare consulting and revenue cycle management (RCM) services, announced that it will receive a strategic investment of up to USD 22 million (INR 185 crores) from Piramal Alternatives, the alternative investment platform of the Piramal Group. This partnership is set to accelerate 3Gen Consulting’s growth and bolster its leadership in the healthcare industry.
3Gen Consulting offers a comprehensive suite of healthcare consulting services, including medical coding, billing, accounts receivable management, risk adjustment reviews, payer contract negotiations and physician education services across specialties. With this funding, 3Gen Consulting plans to expand its operations, enhance its technological capabilities, and enter new markets to meet the increasing demand for innovative healthcare solutions.
This investment will enable 3Gen consulting to deliver cutting-edge solutions that improve healthcare revenue cycle efficiency and enhance patient care outcomes. The company remains committed to setting new benchmarks in healthcare consulting by delivering high-impact, customer-centric results.
“We are thrilled to partner with Piramal Alternatives, a leader in the alternative investment space,” said Hemant Apte, Founder and Chief Executive Officer of 3Gen Consulting. “Given Piramal Group’s global experience in Healthcare & Pharmaceuticals, this collaboration will represent a significant step forward in our shared commitment to diversify and grow our healthcare enterprise solutions business. Together, we’re poised to deliver innovative solutions that create meaningful impact and drive success for our customers and communities.”
Kalpesh Kikani, Chief Executive Officer at Piramal Alternatives, commented, “We are pleased to partner with 3Gen Consulting in the rapidly expanding field of healthcare technology and consulting solutions. The continuous increase in global healthcare expenditures will drive the demand for RCM and related services. Our investment will enable 3Gen Consulting to further strength its position in the RCM space.”
With the strategic backing of Piramal Alternatives, 3Gen Consulting is set to redefine the healthcare consulting industry by offering innovative solutions that drive improved healthcare delivery and financial performance.
About 3Gen Consulting 3Gen Consulting is a premier healthcare consulting firm specializing in revenue cycle management services, strategic consulting, and operational optimization for healthcare providers. The company offers end-to-end solutions to improve financial performance, operational efficiencies, and patient care outcomes. By leveraging advanced technology and deep industry expertise, 3Gen Consulting empowers healthcare organizations globally to meet the evolving challenges of the healthcare landscape. For more information, visit https://www.3genconsulting.com/.
About Piramal Alternatives Piramal Alternatives is the alternative investment platform of Piramal Group, one of India’s leading global conglomerates. The platform focuses on making long-term investments in high-growth companies across sectors such as healthcare, real estate, and financial services. Piramal Alternatives partners with businesses that have significant growth potential and provides them with the strategic resources needed to scale and create lasting value. With a proven track record of successful investments, Piramal Alternatives is dedicated to fostering innovation and building resilient businesses across industries. For more information, visit www.piramal.com.
FORT LAUDERDALE, Fla., Dec. 18, 2024 — CloneOps.ai, a pioneering AI technology company revolutionizing phone operation systems, announced closing their seed round investment with an initial group of 10 customers in beta testing who expect to go live early 2025.
The investment will accelerate the development and deployment of CloneOps.ai’s unique AI-powered communication platform, which has some of the most successful industry leaders as advisors.
Cloneops.ai – David Bell, CEO & Co-Founder at 2024 F3: Future of Freight Festival
Led by CEO David Bell and CFO David Vingiano, CloneOps.ai has developed proprietary AI technology that seamlessly integrates with existing logistics software infrastructure.
The CloneOps.ai platform enables companies to automate routine communications while redirecting human talent to high-value activities that require critical thinking and strategic decision making.
“Today, customer expectations are higher than ever, and CloneOps.ai offers a path to meet and exceed those expectations, building stronger, more lasting relationships with every interaction. I’m happy that my peers see the value in this and trust me to deliver on the great promise of AI-powered logistics communications,” said David Bell, CEO and Co-Founder of CloneOps.ai
Currently, businesses struggle with phone systems productivity due to the inefficiencies, high labor demands, unavoidable human error, and customer dissatisfaction. The CloneOps.ai solution addresses these pain points through AI-powered virtual agents that can handle thousands of simultaneous calls while maintaining superior service standards. This technology will also facilitate a company’s ability to audit thousands of conversations in real-time.
The team at CloneOps.ai impressed both customers and investors with their deep, experience-based knowledge of phone operations in freight brokerage and logistics. CloneOps.ai offers advanced solutions designed to enhance efficiency, streamline workflows, and boost productivity across operations. While logistics remains the Company’s core focus, its solutions also work effectively in other industries, including medical, insurance, and debt collection.
CloneOps.ai increases these companies’ capacity to channel their energies in overcoming the challenges that prevent growth and scalability.
“This is a solution whose time has truly come. David has attracted an incredibly seasoned team with decades of industry experience who understand the pain points of scaling a business dependent on labor intensive phone operations. This is built for brokerage experts, by brokerage experts.” —Kevin Nolan, Founder at Sope Creek Capital
About CloneOps.ai CloneOps.ai provides AI-powered communication solutions for phone operations and the logistics industry. The Company’s technology platform enables massive scalability and enhanced efficiency through automated call handling, real-time intervention capabilities, and advanced analytics for data-driven decision-making. For more information, visit CloneOps.ai.
Growth in specialty programs, preservation of historic Alfred I. duPont Institute building underscore Nemours Children’s continued commitment to Delaware andthe health of its children
WILMINGTON, Del., Dec. 17, 2024 — Nemours Children’s Health announced several significant investments today, including plans for a groundbreaking Maternal and Fetal Health Program, expansion of its neonatology, cancer and cardiology programs, and the revitalization of the historic Institute building on the Alfred I. duPont Campus in Wilmington. Investments in these projects will total $130 million in 2025—the largest one-year capital investment in Delaware in Nemours history.
Nemours will invest $60 million over the next several years to expand its Advanced Delivery Program at Nemours Children’s Hospital, including three state-of-the-art operating rooms that can be used for both fetal and maternal care.
“We are proud to announce our next phase of growth as the largest provider of children’s health in Delaware,” said R. Lawrence Moss, MD, FACS, FAAP, President and CEO of Nemours Children’s Health. “Every dollar earned by Nemours is invested back into our mission. These capital investments build on Alfred I. duPont’s legacy of stewardship, and our strong financial position helps further Nemours Children’s vision to create the healthiest generations of children in Delaware and beyond.”
“Nemours has deep roots in Delaware and an enduring commitment to its children and families,” said Mark R. Marcantano, JD, President, Nemours Children’s Health, Delaware Valley. “We will continue working with our partners in state and local government, school districts, academic institutions, and community organizations to go well beyond medicine for Delaware’s kids.”
New Maternal and Fetal Health Program
Nemours will expand its Advanced Delivery Program at Nemours Children’s Hospital, Delaware into a nationally leading, state-of-the-art Maternal and Fetal Health Program.
“As maternal-fetal care advances, Nemours sees transformational potential to elevate the health of children and families in Delaware through improved diagnostics and cutting-edge maternal-fetal therapies,” said Kate Deans, MD, MHSc, Surgeon-in-Chief, Nemours Children’s Health, Delaware Valley.
Nemours plans to expand the Advanced Delivery Program at Nemours Children’s Hospital, Delaware to include four new labor and delivery birthing suites, eight new antepartum and postpartum rooms and three operating rooms that can be used for both fetal and maternal care.
Dr. Deans added, “It is critical that we provide these services to Delawareans who would otherwise need to leave our state to receive this level of care. This places unnecessary burden on families to travel away from their other children and their support networks. We aim to provide the highest level of quaternary care to these families right here in Delaware.”
Nemours commitment to a more comprehensive maternal-fetal health strategy has attracted distinguished specialists to expand its in utero diagnostic and surgical interventions. Three highly accomplished maternal-fetal medicine specialists will be joining the Nemours team over the next 15 months: Eric P. Bergh, MD, Julie Moldenhauer, MD, FACOG, FACMG, and Christina Paidas Teefey, MD, PMH-C.
Dr. Bergh will collaborate closely with the Advanced Delivery Program and Delaware executive team to expand Nemours existing care portfolio. Dr. Moldenhauer and Dr. Paidas Teefey will work with the Florida maternal-fetal medicine teams to offer highly specialized care in Florida.
“We are laying the foundation here in Delaware to become the nation’s first multi-hospital, multistate children’s health system providing fetal diagnosis and therapy—and, ultimately, one of the country’s largest fetal medicine programs,” said Dr. Deans.
Growth in Neonatology, Cancer and Cardiology programs
In Neonatology, Delaware’s only Level IV Neonatal Intensive Care Unit (NICU) will be expanding in 2025, adding 14 new inpatient rooms. With this expansion, the NICU will house 45 beds as a contiguous unit.
With the support of a generous donation by the Lisa Dean Moseley Foundation, Nemours plans to open the Lisa Dean Moseley Foundation Institute for Cancer and Blood Disorders in early 2025. Spanning 24,000 square feet, the first phase of the Moseley Foundation Institute will feature 24 inpatient beds reflecting a family-centered state-of-the-art design that overlooks the beautiful gardens of the Nemours Estate to promote healing and recovery. With further investment from Nemours with support by the Moseley Foundation, the Moseley Foundation Institute will also feature a 19,000-square-foot outpatient Day Hospital and Infusion Center—more than quadrupling its current size. In addition to providing a patient-centered care experience, the outpatient area is designed to foster clinical trial participation to advance the treatment of children with cancer, sickle cell disease and other blood disorders.
Nemours has also named two distinguished new leaders to advance its Cardiology practice: Aaron W. Eckhauser, MD, MS, will become chair of Cardiovascular Medicine, chief of Cardiothoracic Surgery and executive director of the Nemours Children’s Cardiac Center in the Delaware Valley, and Mark Twite, MA, MB, BChir, FRCP, will be chief of Cardiac Anesthesia and co-director of the Nemours Cardiac Center.
Revitalization of historic duPont Institute building
Nemours will continue to revitalize the original Alfred I. duPont Institute on its Wilmington campus as a state-of-the-art administrative office building, while paying homage to its origin as the founding A.I. duPont Institute.
The Institute opened in 1940 as a children’s orthopedic hospital and was the original health care structure funded by the Nemours Foundation. In 1984, the first major hospital expansion on the Nemours Children’s Hospital, Delaware campus was complete. The 450,000-square-foot expansion of Nemours/Alfred I. duPont Hospital opened in 2014.
The renovations to the Alfred I. duPont Institute will preserve the building’s core architectural elements and maintain a direct connection to clinic spaces in the duPont Pavilion. To be completed mid-2026, the project includes an expanded, state-of-the-art Simulation Center to provide hands-on, interactive pediatric simulation experiences in a safe, realistic environment. This collaborative teaching and education enhance technical skills for care providers across the organization, improving the quality of care and leading to better outcomes.
“In the 80-plus years since our founding, Nemours has grown to become one of the nation’s most respected multistate children’s health systems,” said Marcantano. “Our commitment to Delaware’s families has only grown over the years, and that deep connection and partnership continues to advance the health of children in the First State.”
About Nemours Children’s Health Nemours Children’s Health is one of the nation’s largest multistate pediatric health systems, which includes two free-standing children’s hospitals and a network of more than 70 primary and specialty care practices. Nemours Children’s seeks to transform the health of children by adopting a holistic health model that utilizes innovative, safe, and high-quality care, while also addressing children’s needs well beyond medicine. In producing the highly acclaimed, award-winning pediatric medicine podcast Well Beyond Medicine, Nemours underscores that commitment by featuring the people, programs and partnerships addressing whole child health. Nemours Children’s also powers the world’s most-visited website for information on the health of children and teens, Nemours KidsHealth.org.
The Nemours Foundation, established through the legacy and philanthropy of Alfred I. duPont, provides pediatric clinical care, research, education, advocacy, and prevention programs to the children, families and communities it serves. For more information, visit Nemours.org.
The funding round was led by Morpheus Ventures with participation from Struck Capital, and Irregular Expressions. The investment will accelerate development of Salt’s proprietary AI orchestration platform and expand its market presence.
“We’re pleased to back the Salt AI team. Aber Whitcomb’s impressive track record of success in launching and scaling businesses, paired with the immense market opportunity makes this an exciting investment for us,” said Kristian Blaszczynski, Partner at Morpheus. “Very soon, AI will power almost every industry and Salt will be the engine on which enterprises execute.”
Salt offers a unified AI collaboration environment where organizations can securely connect their firewalled data to build AI automations, agentic workflows and bespoke AI solutions. With a visual drag and drop interface, and full-code capabilities, every member of an organization can collaborate in real time to build powerful AI on the Salt platform. Teams can deploy in one click to Salt’s cloud infrastructure that autoscales to meet the real-time needs of any use case.
“We’re at an inflection point where AI can transform how companies operate, but only if we make it truly accessible and actionable,” said Aber Whitcomb, CEO of Salt AI. “Salt’s platform enables teams to create powerful AI agents and workflows that automate complex tasks and drive real business impact. I’m excited to lead Salt as we help organizations build and scale their AI capabilities.”
Salt integrates with all major closed-source and open-source LLMs and supports diffusion models for generative art. Users can connect to 30+ enterprise data sources for both reading and writing, with new connections being released weekly.
To learn more about Salt AI’s platform and start building AI workflows today, visit www.salt.ai and register for their free trial.
About Salt AI Founded in 2023 by Aber Whitcomb and Jim Benedetto, Salt’s mission is to empower every organization to harness AI to work smarter and gain competitive advantage. The platform features a visual-first interface for non-technical collaborators, and full-code capabilities for technical builders. Users can connect to all major closed and open-source LLMs and diffusion models, and integrate with 30+ enterprise data sources. Salt is the leading unified AI collaboration environment that enables organizations to build, deploy, and scale AI solutions.
About Morpheus Ventures Founded in 2016, Morpheus Ventures is one of the largest early-stage investors based in Los Angeles, and is investing in the disruption of large markets across the technology landscape from consumer to enterprise technologies including data analytics, machine learning, robotics, transportation, and SaaS. The firm is headquartered in Los Angeles and backs great entrepreneurs worldwide.
Global demand for high quality hyperscale colocation capacity for cloud and AI deployments continues to accelerate in the North American market, which is significantly constrained for large, campus-scale near-term capacity. With a portfolio of secured powered land, supply chain commitments and award-winning design, construction and operations teams, the Serverfarm platform is uniquely positioned as a trusted hyperscale partner to deliver to these demands with speed and at scale.
“Following our recent 500MW+ Houston announcement, we’re delighted to have access to additional capital to support Serverfarm’s strong track record of providing near-term capacity to key customers”, said Avner Papouchado, CEO, Serverfarm. “Rapidly accelerating cloud and AI demand together with long-term and sizable commitments from hyperscale customers is driving growth across the Serverfarm portfolio.”
“We are grateful for our financing partners and look forward to continuing to build on the strategic long-term relationships we have with them,” said Recep Kendircioglu, Global Head of Infrastructure, Manulife Investment Management. “The strong interest that we have received from the lender community is a testament to the strength of the Serverfarm platform and the company’s significant growth potential.”
The upsize added seven new lenders to the banking syndicate, which now totals 19 lenders.
About Serverfarm
Serverfarm is an established multi-regional data center platform that provides data center solutions to key hyperscale, webscale, technology & network customers. These data center solutions include Colocation, Data Center Design, and IT Infrastructure Management, through Serverfarm’s proprietary InCommand DMaaS technology. For more information, visit serverfarmllc.com.
About Manulife Wealth & Asset Management
As part of Manulife Financial Corporation, Manulife Wealth & Asset Management provides global investment, financial advice, and retirement plan services to 19 million individuals, institutions, and retirement plan members worldwide. Our mission is to make decisions easier and lives better by empowering people today to invest for a better tomorrow. As a committed partner to our clients and as a responsible steward of investor capital, we offer a heritage of risk management, deep expertise across public and private markets, and comprehensive retirement plan services. We seek to provide better investment and impact outcomes and to help people confidently save and invest for a more secure financial future. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
CHARLOTTE, N.C., Dec. 17, 2024 — Ubiquity (the “Company”), a digital communications infrastructure owner, operator, and developer has successfully secured $420 million in green construction financing facilities, with proceeds used to expand deployment of last-mile open-access fiber networks across its core markets in Texas, California, Arizona, and Nebraska.
This financing milestone was achieved through the closing of the Company’s $275 million Green Construction Credit Facility led by Goldman Sachs and Nomura, alongside a successful upsize to $145 million of the Company’s existing Green Revolving Credit Facility led by Woodforest National Bank and a consortium of syndicate lenders. Proceeds from both facilities complement equity from existing sponsors, Generate Capital PBC (“Generate”) and 1248 Holdings, building upon Ubiquity’s track record of growth to expand its fiber network footprint, bringing high speed internet to more homes and businesses. Both facilities align with Green Loan Principles and Generate’s Green Financing Framework.
“Ubiquity has reached a significant financing milestone, further optimizing the Company’s capital structure,” said Jamie Earp, Ubiquity co-CEO and managing partner. “The continued support from investors and lenders will facilitate the efficient deployment of capital into Ubiquity’s core markets and delivery of best-in-class broadband to the customers and communities we serve.”
Founded in 2019, Ubiquity has been a trailblazer in the U.S. due to its differentiated open-access business model led by veterans of the digital infrastructure space, including former Tier 1 carrier network planners, builders, and operators. Ubiquity’s last-mile open-access fiber networks are critical communications infrastructure that enables a new generation of more energy-efficient connectivity, provides customer choice, and deepens its competitive moat with multi-tenant capabilities.
Designed to support multiple tenants through high-capacity engineering, Ubiquity’s open-access networks flexibly deliver both lit and dark fiber services. The Company’s networks provide dedicated fiber for all residential and business connectivity use cases and are also capable of serving high-speed enterprise and carrier backhaul needs in parallel.
“Since inception, Ubiquity’s unique vision and ability to deliver open-access fiber networks at scale continues to deliver value to stakeholders through rapid deployment and customer acquisition,” said Ajay Ghanekar, Ubiquity co-CEO and managing partner.
Ubiquity’s strong track record of growth has delivered hundreds of thousands of addresses across its core four-state footprint, positioning Ubiquity as one of the largest privately funded Fiber-to-the-Premise builders in the country. The Company’s national fiber footprint has been further strengthened via its recently announced third-party partnership with AT&T, which includes opportunities to both add AT&T as a second tenant on Ubiquity’s existing networks as well as execute exclusive greenfield builds in new markets.
About Ubiquity Ubiquity invests, develops, and manages digital communications infrastructure throughout the United States. Focusing on last-mile connectivity, Ubiquity’s open-access fiber platform is the largest and fastest growing of its type in the United States. The company partners with ISPs, wireless carriers, utilities, and municipalities to deliver connectivity and sustainability solutions in underserved communities. Please visit ubiquitygp.com for more information.
Media Capital Partnership Accelerates U.S. Expansion
REDWOOD CITY, Calif., Dec. 17, 2024 — Mercurius Media Capital (MMC), the first U.S. media-for-equity fund, has announced a $6 million media capital investment in Airtasker Limited, a leading online marketplace for local services, to expand its U.S. presence.
With the U.S. gig economy contributing over $1.2 trillion annually and projected double-digit growth, Airtasker’s platform is well-positioned to meet current demand and capitalize on future expansion.
“Airtasker’s success in Australia and expansion into the UK and U.S. showcase its potential as a global gig economy leader. Under Tim Fung’s leadership, the company is redefining how people connect with local service providers. We’re excited to support their growth through our media capital model.” said Piyush Puri, Founding Partner of MMC.
Media capital is a proven venture model where growth-stage startups trade equity with media companies in exchange for mass market reach and expertise. Bringing together premium media publishers under one roof, Mercurius Media Capital enables startups and media partners to compete for market share in the digital media landscape. The infusion of media resources will allow Airtasker Limited to scale its reach.
“We’re thrilled to partner with MMC to create new job opportunities across the U.S.,” said Airtasker Founder, Tim Fung. “MMC’s’ expansive portfolio of media partners and impressive record of investment in media for equity to scale world-changing technology will be invaluable. We can’t wait to get started!”
The media capital model is a fast-growing alternative capital source that has fueled the success of more than 1000+ startups globally, including Uber, Coursera and Airbnb.
About Mercurius Media Capital Mercurius Media Capital (MMC) is a U.S.-based independent media fund backed by leading media companies, including Sinclair Broadcast Group, TelevisaUnivision, and Willow TV. With over $50 million in media capital, MMC pools premium media inventory at scale to create a powerful platform for portfolio companies to build their brands and accelerate growth.
Through strategic partnerships with its media partners, MMC helps emerging brands amplify their U.S. presence, driving success in a competitive market. The fund has supported several high-growth companies, including Deskera (a B2B SaaS ERP platform), Edly (a fintech platform for students), RVnGo (a peer-to-peer RV rental platform), and Captain Experiences (a leading outdoor sports marketplace).
About Airtasker Limited Airtasker Limited (ASX: ART) is a leading online marketplace for local services, connecting people and businesses who need work done with people who want to work. With a mission to empower people to realize the full value of their skills, Airtasker aims to have a positive impact on the future of work by creating truly flexible opportunities to work and earn income. Since launching in 2012, Airtasker has put more than $600m into the pockets of workers (payments made after all fee revenue is deducted) and served 1.8m unique paying customers across the world. For more information visit: www.airtasker.com.
Media Contact Interdependence PR Angelic Venegas, Account Director [email protected]
We believe Altriarch’s historical three-year performance demonstrates the strategy’s potential to generate risk-adjusted returns for institutional investors.*
CHARLESTON, S.C., Dec. 17, 2024 — Altriarch Asset Management (“Altriarch”), a private credit firm, announced today that it has reached its three-year performance milestone following the launch of its lender finance strategy in November 2021. Altriarch leverages rigorous research to design financing solutions suited to underserved markets. Its approach emphasizes discipline, innovation and risk management, catering to institutional investors seeking exposure to alternative credit strategies.
The Firm’s disciplined and innovative investment solutions have fueled significant AUM growth. This progress is supported by strong investor confidence, including a recent $70 million commitment from the State of Wisconsin Investment Board.
Strategy Highlights:
Investment Focus: Crafting tailored asset-based loans secured by accounts receivable and related assets, targeting fragmented markets not well served by traditional lenders.
Annualized Yields: 14.00% in 2022, 14.41% in 2023, and on pace to achieve a net target of 14.00% in 2024.
Flagship Fund: Altriarch Specialty Finance Fund, LP, launched in August 2023, positioning itself to address evolving market opportunities and demand.
Danielle Brown, General Partner, commented on the strategy’s achievements and approach, saying, “We are proud of our progress over the past three years. AUM growth and achieving consistent returns are both significant accomplishments made possible by the trust of our investors and the hard work of our team. We remain focused on delivering tailored financing solutions that create value for both our investors and the niche markets we serve, empowering businesses to thrive.”
*Past performance is no guarantee of future results. There can be no assurance that any Altriarch investment or strategy will achieve its objectives or avoid substantial losses.
About Altriarch
Altriarch Asset Management is a private credit firm based in Charleston, South Carolina, specializing in asset-based credit solutions for fragmented markets underserved by traditional lenders. The Firm provides investors, including institutional investors and family offices, with access to various investment opportunities. For more information, please visit www.altriarch.com.
IMPORTANT DISCLOSURE INFORMATION
Past performance is not indicative of future results. This information is provided for illustrative purposes only and is not a prediction, projection or guarantee of future performance. The investments discussed herein may be unsuitable for investors depending on their specific investment objectives and financial position. Investors should independently evaluate each investment discussed in the context of their own objectives, risk profile and circumstances.
Alternative investments often are speculative, typically have higher fees than traditional investments, often include a high degree of risk and are appropriate only for eligible, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time. They may be highly illiquid and can engage in leverage and other speculative practices that may increase volatility and risk of loss.
