Prime Capital Sees Dynamic Growth with Diversified Product Offering

February 19, 2019

+++Prime Capital saw dynamic growth in 2018 with Assets under Management rising to EUR 14.7 Billion+++

− Assets under Management up 40 percent to EUR 14.7 billion
− Successful diversification though five dynamically growing business units
− New structure solidifies growth potential, positive outlook for 2019

Frankfurt, February 19, 2019

Prime Capital saw dynamic growth in 2018 with Assets under Management rising to EUR 14.7 billion (2017: 10.4 billion), an increase of 41 percent. For the independent asset manager and financial services provider headquartered in Frankfurt this was the 12th consecutive growth year.

“We have successfully grown Prime Capital into a diversified alternative investment company”, says Werner Goricki, CIO Prime Capital AG presenting the results. “In the ongoing low interest environment demand for all our alternative products has steadily increased”, he added. “We have responded to this expansion of our business by installing a new management structure.”

Prime Capital has established five diversified business units, all of which experienced sizable inflows of capital.

Absolute Return focusses on hedge fund management as well as personalized hedge fund advisory mandates. This was originally the investment manager’s core business. In 2018 the offering in this segment was expanded by the new PCAM Select fund, a multi strategy fund of hedge funds.

The Private Debt segment which offers secured and unsecured investments with attractive returns such as infrastructure projects and aircraft finance, was further broadened in 2018. Prime Capital won several mandates amounting to a total sum in the three digit million Euro range. Examples are corporate debt financings and real estate mezzanine strategies. The latter enable investors to invest in financing secured by real estate. The mandates have been won in exclusive partnership with Lenwood Capital, a real estate debt investment and asset management firm.

2018 was also a successful year for the infrastructure team which acquired Project Posio in October, an on-shore wind park in Finland, and Project Tuuli in June, an operative wind park supplying Finnish customers. Total capacities of all wind parks in Scandinavia acquired by Prime Capital amount to 1.03 GW/h in renewable energy, supplying a total of 70,000 households with average consumption of 15,000 kWh p.a. The business unit also secured a first mandate for renewables mezzanine financing.

Outsourced Asset Management, which manages complete coverage stocks for institutional clients such as live insurers and pension funds, was a main driver of growth in 2018. Prime Capital took on further such outsourcing mandates with several billion Euros in assets, covering the complete investment process from strategic asset allocation, portfolio structuring, manager selection to portfolio implementation and monitoring.

Serving all business units is Access Solutions, which structures fund and securitisation solutions for Prime Capital as well as third parties covering a broad range of investor profiles (regulated and tax exempted investors, family offices, etc.) as well as asset classes (hedge funds, credit funds, infrastructure debt or private equity). Prime Capital is a leader in the structuring of alternative assets.

New Structure
The expansion of Prime Capital’s business increased the need for qualified staff, approx. 10 additional people were hired in 2018 and a further expansion of the team is planned. As of December 31, 2018 a total of 85 professionals worked at Prime Capital. The leadership structure also was updated to serve the needs of a growing organisation: Manfred Beinhauer joined the Executive Board as CRO/COO and Marco Gerlach was promoted to CFO. He was previously head of finance. They are replacing John Staddon, Raj Puri and Thomas Keller, who have left the company.

“We have put in place a new structure to effectively and efficiently manage our new size. The heads of our five business units are now part of the extended management team”, says Andreas Kalusche, board member and Head of the Client Solutions Team. “With this new structure we are well set for further growth as well as the long-term strategic development of our company”, he adds.

“It has always been my goal to put Prime Capital on a strong footing and prepare it for the next generation”, said Wolfgang Stolz, founder and CEO of Prime Capital. “With our new structure and additional resources, we are very confident to generate further growth again in all our business segments in 2019”, he added.

About Prime Capital
——————————
Prime Capital AG is an independent asset management firm and financial services provider, focusing on institutional clients. The company specializes in Alternative Investments, in particular in Absolute Return, Infrastructure Investments and Private Debt. Prime Capital was founded in 2006, currently employs more than 85 people in Frankfurt, Luxembourg and London and is regulated by BaFin and CSSF.

For additional information, quotes or requests please contact:

Prime Capital AG
Andreas Kalusche, member of the board
Tel: 0049 69 9686 984 36
andreas.kalusche@primecapital-ag.com
www.primecapital-ag.com

Important Notice

This website has been prepared by Prime Capital AG (“Prime Capital”) and is intended for institutional and professional investors for information purposes only. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer, to buy or sell any securities, fund units or financial instruments. The information and opinions contained on this website have been based upon such sources as Prime Capital believe to be reliable and provided or procured in good faith, but no representation or warranty, express or implied, is made as to their accuracy completeness or correctness and Prime Capital cannot and does not guarantee the accuracy or completeness of the information provided on this website beyond Section 7 Paragraph 1 of the German Telemedia Act (TMG). This especially applies to links provided on this website leading to external, third party websites for whose content we cannot and do not take any responsibility. All opinions and estimates represent Prime Capital’s judgement as at this time and are subject to change, challenge or contradiction without notice. Prime Capital may have published other documents that contradict the information contained on this website or that reach different or conflicting conclusions. These publications may reflect other assumptions, statements of opinion and analytical methods.

The information contained on this website is intended to be of assistance to the intended recipients as provided above, but does not constitute investment advice and should not to be relied upon as authoritative, definitive or comprehensive or taken in substitution for the appropriate exercise of judgement or independent verification of the reader and/or their financial advisers. Prime Capital accepts no liability whatsoever for any direct, indirect or consequential loss arising from any use of the information contained herein. Prime Capital makes no representation as to the suitability of any investment, investment manager or investment strategy, which if applicable is a matter entirely for the reader’s own assessment based upon its own understanding and the appropriate input of its advisers.

The distribution of this website has only been examined by Prime Capital for compliance with the laws of the jurisdictions in which the intended recipients are located. No onward distribution or dissemination is authorized to third parties or affiliates located in jurisdictions other than the originally authorized recipient. The information on this website is therefore not intended for companies or persons with a residence or registered office in a jurisdiction that restricts dissemination of information of this type. Companies or persons with a registered office or residence in a foreign jurisdiction should seek information on such restrictions and observe them.

The content and structure of this website is protected by applicable copyright law with all rights reserved. In particular and without limitation, any images, information or data, however represented, found on Prime Capital’s website may not be copied, published, adopted or used for other purposes in any form whatsoever.

The trademarks and logos used on this website are protected. It is not permitted to use such brands or logos without the prior written consent of Prime Capital.

Press

Press Release