Scepter Puts Bermuda at Cross Currents of Global Sovereign Investment
Scepter Partners, a direct investment and merchant banking specialist for sovereign wealth and large cap family offices, signaled its intentions to deepen its ties with Bermuda, helping to put Bermuda further on the map of sovereign investment capital flows. Scepter has committed to run its global management business from Bermuda where key staff members are now working as directors. Group Executive Chairman and CEO Rayo Withanage commented, “As Bermuda continues to develop its activities and effectively compete with other offshore financial centers, we hope that the presence of our activities can substantially enhance Bermuda’s role in the deployment of capital by significant sovereign investors and family offices.”
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151104006647/en/
Scepter’s management team have long standing ties with Bermuda; the Withanage family moved to Bermuda in 1980 where Mr. Rahula Withanage worked with Deloitte Haskins and Sells for a decade. During this time Mr. Rayo Withanage spent his childhood on the island attending Saltus Grammar School, before relocating to New Zealand where he went to law school. Mr. Rayo Withanage later relocated to Brunei Darussalam where he founded a commercial multi-family office with senior members of the Brunei Royal family.
Other key staff members also retain close ties with the island. The group’s Head of Operations, Daniel Fenster, lived on the island in the late 1990’s while working for Alpha Fund Management, a family office and alternative asset manager. Stefan Nadarajah, who is an Executive Director and General Counsel of the Group, grew up on the island and is the only son of the late Bala Nadarajah, widely regarded as one of the most prominent lawyers in insurance and considered by many in the industry to have helped lay the groundwork for the island's rise as a leading global reinsurance center.
Scepter is supported by $14 billion of discretionary assets which have been allocated by its core stakeholders to support future activities. Over the coming months Scepter will be announcing a series of offshore vehicles for direct investment into off-market transactions in the natural resources and hospitality industries.
Scepter is a standing syndicate of ruling families, ultra-high-net-worth industrialists and sovereign wealth funds. Headquartered in Bermuda with offices in New York and representative offices in London and Beijing, Scepter was founded by financier Rayo Withanage to acquire large cap assets with a focus in natural resources, infrastructure, real estate and media and telecommunications. Scepter’s global merchant banking activities are led by banking veteran Anthony J. Steains and his former Blackstone Advisory Partners Asia team. As a principal investor, Scepter is supported by the discretionary assets of its core stakeholders and a syndicate of investors who have combined resources to invest in off-market large cap transactions globally. For more information, please visit www.scepterpartners.com .
Scepter Partners is a principal investor that does not require authorization by the Financial Conduct Authority or the Securities and Exchange Commission or by any financial services regulatory body. Scepter does not have any products open for third party investors. Nothing in this announcement is intended to be, or should be construed as an invitation, offer or inducement to any person or entity to engage in any investment activity. While some of its stakeholders are ruling family members it does not represent these ruling families in their entirety or any government bodies including but not limited to Brunei and states within the Gulf Cooperation Council.
Joe Millsap, 1-212-885-0464
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
PIERRE-FABRE23.6.2018 13:02 | pressemeddelelse
Pierre Fabre & Array BioPharma Announce a 62% Observed OS at One Year from the Phase 3 BEACON CRC Safety Lead-In of the Combination of Encorafenib, Binimetinib and Cetuximab in BRAF-Mutant CRC at the ESMO GI Congress
SERVIER23.6.2018 10:12 | pressemeddelelse
Compelling Data for LONSURF® (trifluridine/tipiracil) in Metastatic Colorectal Cancer Presented at ESMO’s World Congress on Gastrointestinal Cancer by Servier and Taiho
SOFTOMOTIVE22.6.2018 17:15 | pressemeddelelse
Softomotive and Accelerate RPA Partner to Help Enterprises Achieve Faster Time to Value from RPA
TX-ASCEND-PERFORMANCE22.6.2018 16:02 | pressemeddelelse
Ascend Performance Materials Announces Price Increase for Intermediate Materials
DELTICOM-AG/MOTO-TYRES.C22.6.2018 15:43 | pressemeddelelse
Different Countries, Different Customs: Get Ready for the Motorbike Holidays with Moto-tyres.co.uk
BOEHRINGER-INGELHEIM22.6.2018 14:02 | pressemeddelelse
Boehringer Ingelheim bolsters biologics research and development with 230 million euro investment in new development center
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum