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Portfolio Companies
Manifold Partners, a San Francisco-based multi-strategy portfolio management firm specializing in quantitative investment methodologies, announced today that SVM Capital has joined as a partner. This new collaboration will be known as Manifold Vector.
Read the full press release here.
From TechCrunch:
Personal finance company Credit Sesame is announcing today that it has raised an additional $16 million in an oversubscribed Series D round of funding, with plans to raise more – as much as $20 million – in the near future. The company, a prior TechCrunch Disrupt Battlefield participant, was one of the first to market with solutions that allow consumers to monitor their credit and score, protect themselves against identity theft, and reduce their debt through credit and loan management services.
The new round was led by Syncora Alternative Investments, with IA Capital Partners as its advisor, and also included participation from investors Menlo Ventures, IA Capital, Globespan Capital, Inventus Capital, and other high-profile angels. This brings Credit Sesame’s total raise to date to over $35 million.
While many in the personal finance space have focused on helping people manage their money and investments, Credit Sesame has instead targeted the liability side of the balance sheet, explains CEO Adrian Nazari. That has put it in competition with others offering consumer debt management or credit monitoring, like Credit Karma or ReadyForZero, for example.
Read the full press release on TechCrunch here
May 12, 2015 , via American Independence:
FolioMetrix LLC will merge with American Independence Financial Services, LLC (AIF) to create a new company, RiskX Investments, LLC, offering an array of risk-intelligent investment solutions. The transaction is expected to close in September 2015. Deal terms were not disclosed.
RiskX Investments will manage, post-merger, approximately $1.1 billion in funds and separately managed accounts, comprised of the American Independence Funds (single-manager sub-advised funds and separately managed accounts) and the FolioMetrix Rx Fund Series (multi-strategy tactical mutual funds).
American Independence Funds offer exposure to select sub-advisors of equity, fixed income, international, and risked-managed portfolios. The AIF management team averages over 25 years of experience building and distributing investment solutions to the financial industry.
"The decision to merge with FolioMetrix was an easy one to make. Its team shares our dedication to continuously seeking new ways to deliver better investment outcomes during any market conditions," said John J. Pileggi, Managing Partner of American Independence, who will become CEO of RiskX Investments. "We are eager to join forces and deliver a wide array of risk-intelligent products to the marketplace as partners in RiskX Investments."
Read the full press release on American Independence's website
via Welton.com
Welton Investment Partners, a leading U.S.-based quantitative investment manager, won the prestigious “CTA Fund of 2014” award for the firm’s Global Directional Portfolio (GDP) program. Welton’s selection was announced at the gala Investors Choice America Awards ceremony at the Pierre Hotel in New York on March 31, 2015.
To view the full press release on Welton's website, click here.
(Source: SoFi's Press Page)
San Francisco, Calif. — February 3, 2015 — Social Finance, Inc. (SoFi), a leader in marketplace lending, today announces $200 million in Series D funding led by Third Point Ventures and affiliates of Third Point LLC, with Wellington Management Company LLP, Institutional Venture Partners and existing investors also participating in the round. Goldman Sachs served as sole placement agent to the company on the financing. SoFi will use these funds to fuel the expansion of its consumer lending products throughout the United States and build out its marketplace with new options for investors.
SoFi launched as an alternative to traditional banking in 2011, and was the first to offer refinancing of both federal and private student loans. Since that time, the company has originated over $1.75 billion dollars in loans, and expanded to offer a suite of solutions for early stage professionals, including mortgages, MBA loans, and personal loans. Its low down payment mortgages and mortgage refinancing are currently available to qualified borrowers for primary residences in 12 states plus Washington, DC and will expand to additional states soon.
“Member response to the SoFi experience – our nontraditional underwriting approach, product innovation, and seamless customer service – has proven that we’re becoming the preeminent financial services provider for early career professionals,” said Mike Cagney, CEO of SoFi. “This financing allows us to continue to expand our unique offerings to them while delivering access to premium credit for our marketplace investors.”
To read the rest of the article, go to SoFi's website
