Two former Aberdeen Standard Investments (ASI) investment managers have launched a new investment management firm focused on global private markets.
Alex Barr and James Witter said Bread Street Capital Partners Ltd will provide investors with access to global private equity, infrastructure, debt and real assets.
The duo said Bread Street will initially focus on developing a series of innovative, publicly traded private market funds.
Bread Street will also provide comprehensive private market solutions to asset managers, including investment advice, legacy portfolio rationalization, operational framework design and risk oversight, they added.
Barr and Witter will lead the strategic growth of the company, the growth of its investment portfolio and the management of the company’s first listed investment fund.
Former COO of The Big Exchange, Abigail Sater, has been appointed COO.
Witter and Barr have over 60 years of investment and capital markets experience and have managed £ 60bn of private market assets.
Alex Barr said: “We are delighted to launch Bread Street Capital Partners as the UK begins to come back to the office. Private markets are the most exciting growth area in asset management, but most investors remain under-allocated and miss the opportunity presented by the asset class to improve returns. We anticipate that Bread Street will become a key partner for institutional and professional clients who require client-focused private markets expertise.
James Witter added, “We create tailor-made portfolios and products in private markets, including private equity, infrastructure, private debt and real assets. We are experts in the management of listed funds, responsible investment, engagement and monitoring of investments. For clients with mature portfolios, we offer a proven track record in providing clear and conflict-free end-of-life fund advice, options and execution.“
Bread Street has entered into an agreement with Langham Hall Fund Management LLP to provide host AIFM services and FCA appointed representative regulatory coverage.