Fundamenta Group acquires asset manager Belvédère
As a result of the merger, Fundamenta will also manage non-real estate investments in the future, and assets under management will grow from four to seven billion CHF.
The merger of the two is effected by Fundamenta Group Holding AG acquiring 100% of the shares of Belvédère Asset Management AG. In return, the existing shareholders of Belvédère will acquire a stake in Fundamenta Group. Belvédère will reportedly continue to operate as an independent subsidiary with the same organization under its previous name. However, Finma approval for the takeover is still pending.
Including the new subsidiary, the Group employs 100 specialists at five locations in two countries, serves over 350 institutional clients such as pension funds, foundations, family offices, and over 600 high net worth clients. Belvédère Asset Management brings 35 employees to the company. The majority of its 500 clients, who are served across all asset classes, are domiciled in Switzerland and the rest of the German-speaking world.
"We are convinced that holistic asset management expertise is becoming increasingly important," says David Garcia, Founder and Board Member of Fundamenta. "Belvédère's clients gain access to Fundamenta Group's world-class real estate expertise, adding significant value. In turn, our real estate investment clients benefit from other attractive asset classes such as alternative investments or art."
"Many of our clients have substantial real estate assets and require customized solutions," says Florian Marxer, Chairman of the Board of Directors of Belvédère. "With Fundamenta Group, they get professional access to comprehensive expertise along the entire real estate value chain." (aw)
