Investcorp-seeded Prosiris surpasses USD1bn in assets
Prosiris Capital Management, a credit-oriented investment manager founded by Reza Ali, has surpassed USD1bn in assets under management.
Investcorp provided Prosiris with an initial seed investment in 2011 and served as the investment manager for its flagship fund. In this capacity, Investcorp had monitored the performance and operations of the fund and provided marketing services.
Since inception, Prosiris, as investment adviser, has had responsibility for the strategy, trading and operations of the fund. Effective 1 July, Prosiris assumed all functions previously performed by Investcorp. Investcorp continues its seeding relationship and remains a strategic investor in the fund.
"We seeded Reza in 2011 because we knew he was one of the most experienced and proven managers of complex credit and structured finance investing," says Nick Vamvakas (pictured), head of development for Investcorp's single manager platform. "We congratulate him and his team at Prosiris on this tremendous milestone and look forward to continuing our successful partnership."
Ali says: "I would like to thank Investcorp for its ongoing support and look forward to continuing our close collaboration moving forward."
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