SANNE appointed Fund and Transaction Administrator for world’s first public bond issuance backed by private equity
Mark Law, Managing Director, Alternative Assets - Asia-Pacific & Mauritius
SANNE in Singapore is delighted to announce it has been appointed as Fund Administrator and Transaction Administrator for a new retail private equity bond issued by Astrea IV Pte Ltd (“the Issuer”).
The successful launch of Astrea IV marked the first time that a bond backed by cash flows from a diversified portfolio of quality private equity fund investments was made available to retail investors. This deal will see SANNE working closely with the arranger of the deal, Azalea Asset Management Pte Ltd.
SANNE’s Chief Commercial Officer, Martin Schnaier said, ‘This is a landmark achievement for SANNE and our Singapore business and we are delighted to be supporting Azalea Asset Management Pte Ltd on this deal. Our appointment reinforces our capability in the Asia Pacific region, where our offering has grown from strength to strength since launching just a few years ago. I am delighted with the efforts of the local team in Singapore, led by Valérie Mantot and under the regional leadership of Mark Law, Managing Director of alternative Assets in APAC.
Mark Law commented on the win, ‘SANNE has a great deal of experience in both Private Equity and Debt transactions, so this deal is a perfect fit for our capabilities across both asset classes. We are very pleased to have been selected for this role and are greatly looking forward to further developing our position within the APAC market. With local experts in Singapore, Hong Kong and Shanghai, SANNE is experiencing an exciting period of growth and development within the region, and we are thrilled to be able to demonstrate our commitment to the region and excellent service offering through this new opportunity.’