Alantra, a global investment banking, and asset management specialist, has launched the Alantra Global Technology Fund (AGTF), which focuses on growth equity public investments exposed to technology and related sectors that benefit from digital disruption.
AGTF is a UCITS open-end growth-oriented public technology fund focused on North America, West Europe, China, and South East Asia investing in technology and related sectors. The vehicle follows an active management strategy with target returns of 15-18 per cent, which is not guaranteed, disciplined risk management, and a concentrated portfolio of 25-30 positions, subject to the UCITS concentration limits.
Following a three-year investment horizon, the team identifies multi-year winners in large and growing markets. It targets companies in the early innings in disrupting global industries, such as transportation, media, retail, finance, travel, manufacturing, healthcare; in themes that are emerging, such as artificial intelligence, blockchain, autonomous driving; and in those that have decades of a long runway, such as cloud, e-commerce, workforce digitisation, accelerated compute, and cybersecurity. The specific digital transformation strategy was implemented in April 2018 in a portfolio paper for which the cumulative return was 128 per cent from April 2018 to December 2020 (CAGR of 36 per cent), which compares with the cumulative return of 79 per cent of the MSCI IT Index (MXWD0IT) or 87 per cent of the Nasdaq.