ZENCAP Asset Management[1], an affiliate of OFI, announced to have been issued an AMF license
Zencap Asset Management is a third-party asset management firm
Zencap Asset Management, with four managers, will take over management of two contractual funds managed previously by the same team at OFI Asset Management, and an advising mandate for a French institutional investor. The new entity, whose total assets managed and advised total EUR300m, will target institutional clients, private banks and family offices for its future growth.
According to Richard Jacquet, CEO of Zencap Asset Management, the objective is to contribute to the range of credit products managed by OFI AM with its expertise in management and dedicated investment for third parties, specialised in opportunities in the structured finance and securitisation universes. With this in mind, a private-debt type opportunistic approach is used, which allows investors optimised access to distressed and credit assets.
