15 December 2014 - Press Release
Nordcapital assumes responsibility for managing the Hesse Newman funds
Hamburg, 15 December 2014 – Investment company Nordcapital in Hamburg will be assuming responsibility for managing the funds issued by Hesse Newman Capital as well as investor services as of 1 January 2015. The service contract comprises eight real estate funds and two secondary-market portfolio funds, increasing the real estate assets managed by Nordcapital by around €560 million to €1.3 billion and the shipping secondary-market segment by some €20 million to an investment volume of €291 million.
Nordcapital has many years of experience and in-house expertise in the management of real estate and shipping investments. Since it was founded in 1992, the company has issued 140 closed-end funds in the areas of shipping, real estate, energy and private equity. ‘The success of the Hesse Newman mandate is a confirmation of our decision to make our expertise in asset management available as services to third parties too. It goes without saying that the same high quality standards apply to the acquired funds in terms of management and investor services as to our own fund products’, says Florian Maack, CEO of Nordcapital. ‘Our aim is to promote further growth over the long term by expanding high-quality assets under management.’ The company founded Nordcapital Externe Fondsmanagement GmbH in October 2013 for this purpose.
In the future, Nordcapital Treuhand will be responsible for looking after Hesse Newman fund investors, providing professional, comprehensive support. As the most important interface between the investors and their holding companies, it provides prompt, transparent information about the companies’ business developments as well as tax and legal issues.