MCAM Group, a leading provider of marketing solutions for the alternative investment industry has entered into an agreement with Asian distressed and special situations fund manager Myo Capital Advisers to manage Myo’s international marketing, sales and public relations efforts.
Myo Capital is a Hong Kong-based fund manager that specialises in investments in Asian distressed and special situations opportunities, and was founded in 2007 by ex-ADM Capital director Justin Ferrier. The firm has received a commitment of up to USD150 million from Singapore-based DBS Asset Management for the Myo Capital Special Situations Fund I, a private equity fund with a three-year investment period and three year divestment period and a target return of 20-25% annually. The fund will invest mainly in illiquid investments such as distressed local-currency loans, senior secured leverage loans, distressed Asian bonds, and primary and secondary special situations. Myo Capital is targeting total commitments of $300 million for the fund.
MCAM Group will through this arrangement play an important part in developing the Myo Capital brand and market the firm’s investment products to investors internationally, initially focusing on raising assets for the Myo Special Situations Fund I. MCAM Group’s solution offers a comprehensive suite of marketing services designed to help alternative asset managers capitalise on their strategic objectives of asset growth, product development and brand awareness.
“Lars is very experienced in the Asian distressed debt and special situations space having worked at Cube Capital," says Justin Ferrier (pictured), Managing Director and CEO, Myo Capital Advisors Ltd He knows the distressed debt and special situations landscape in Asia and is well placed to communicate Myo Capital’s Edge and how we deliver alpha.”
Lars Bjoergerd, Managing Director, MCAM Group says: “We are pleased that Myo Capital has chosen MCAM Group to help drive their investment products to international investors, and look forward to working with Justin and his team. DBS Asset Management’s decision to provide cornerstone funding and to buy a minority stake in Myo Capital is a strong show of confidence in Myo Capital’s abilities to source and manage investment opportunities in the Asian distressed and special situations space and we expect to see significant interest for the Special Situations Fund I.”
MCAM Group was founded in 2009 by a former director at Cube Capital in London, and currently counts several well-known alternative asset managers as clients, and has continued to expand its service offering in the current buoyant climate for the alternative investments sector.
