Hedge fund research provider REDD Intelligence closes USD5.8m equity financing

REDD Intelligence, an online provider of material intelligence on emerging market event driven special situations, has closed a USD5.8 million equity financing round.

This is REDD’s first institutional financing and was led by Nassau Point Investors. Other investors include Neil Osborn, Chairman of REDD Intelligence and Thomas Barry, President and CEO of Zephyr Management.  Terms of the transaction have not been disclosed.    

Proceeds from the capital raise will be used to finance the launch of REDD’s Central & Eastern Europe, Middle East, and Africa (CEEMEA) emerging market fixed-income coverage expected later this summer. CEEMA coverage will be managed from REDD’s new London office and other key CEEMEA locations. The company said that this launch will complete REDD’s Global Emerging Markets offering, which includes the company’s successful Latin America and Asia platforms.  

Proceeds will also be used for the further development of AI and alternative data technology to support REDD’s core focus on event driven, special situation credit opportunities.

“REDD continues to meet growing market demand for proprietary, specialised EM credit research, data, and insight, and we welcome our new strategic investors to enable this expansion,” says Group CEO and Co-Founder Valeria Morozovsky Girimonte. 

“We are thrilled to announce the launch of CEEMEA, our final geographic region of coverage. More than ever, in today’s global markets, REDD’s focus on emerging market high-yield and distressed debt is helping subscribers identify, understand, and take advantage of early stage, event driven opportunities.”

REDD has also announced that it is welcoming new members to its Board of Directors under the leadership of Chairman Neil Osborn. New Board members are:

Jonathan Wendell, Founder and Managing Member of Nassau Point Investors;

David Tenney, Operating Partner of Nassau Point Investors and former Co-Chief Operating Officer of Global Research at Goldman Sachs 

Christopher Fordham, CIO at Daily Mail and General Trust (DMGT) and former CEO of Euromoney Institutional Investor PLC.

“We welcome these new Board members and the experience, expertise, and insights that they will bring to REDD,” says Osborn.