Global investment firm Fairlight Capital Partners has acquired a minority stake in Noviscient, an award-winning fintech that is transforming how emerging and boutique fund managers launch, operate and scale institutional-grade hedge funds.
Singapore-based Noviscient seeks to supports the growth of the next generation of fund managers by reducing operating costs while significantly speeding up manager onboarding and time to market.
At the core of its proposition is FundBox.ai, a Platform as a Service (PaaS) solution that provides end-to-end infrastructure including fund formation, compliance, administration, onboarding and reporting. This enables new managers to become operational within 1-2 months, with fund setup and operating expenses up to 70% lower than traditional structures.
FundBox’s digital operating system allows managers to focus entirely on generating returns, enabling them to build institutional track records with as little as $2m in starting capital.
Fairlight Capital Partners, which seeds, backs and builds specialist investment managers, joins other strategic investors in supporting Novisicent’s expansion across Asia and globally.
Thomas Gent, co-founder, Fairlight Capital Partners, says: “We meet so many entrepreneurial managers with expertise and ability but their ambitions are constrained by traditional fund setup costs and regulatory hurdles. Noviscient’s model and technology lower the barriers, increase transparency and ultimately benefit end investors by giving them access to exceptional managers. Our investment reflects our belief in Noviscient’s business model and our commitment to champion the next generation of emerging investment talent.”
Scott Treloar, Chief Investment Officer, Noviscient, says: “The investment from Fairlight is a significant endorsement of our proposition and a reflection of our shared belief that the alternative investment industry can be more accessible, scalable and efficient.
“Our proposition allows investment managers to launch funds in a streamlined, cost-effective way while providing them with a shop window to showcase their performance to potential investors. It is our belief that investment managers will increasingly embrace this way of building their track records and assets under management, and we are delighted that Fairlight is supporting this vision with a long-term commitment and strategic investment.”