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Family Offices Behind Several Recent High-Profile Investments

By Kathleen Leahy

Family Offices Behind Several Recent High-Profile InvestmentsRecently, family offices have made a number of high-profile investments, among them impact investments, as impact investing continues to make its mark in the FO space.

A Russian billionaire has backed a mobile group. Vollin Holdings, the private investment office of Russian steel magnate and billionaire Alexander Abramov, has participated in a massive funding round for Truphone, a mobile network group. Vollin, along with two other investors, have coughed up £255 million in a private equity round for the UK-based group. Other big investors in Truphone in the past have included fellow Russian billionaire, Roman Abramovich.

Thomvest, the venture capital-focused family office of Peter Thomson, the Canadian owner of Thomson Reuters, along with another family-backed VC group called Talis Capital, have backed a finance company called PremFina. Thomvest and Talis Capital, along with four other investors, are backing the group with $36 million.

Facebook founder Mark Zuckerberg’s Chan Zuckerberg Initiative has backed a group called Andela, which provides companies with access to the top 1% of tech talent across the African continent. The Initiative entered into a Series C investment round with eight other investors worth $40 million.

And further, the Bill & Melinda Gates Foundation has backed Visterra, which researches on and develops therapeutic and diagnostic products for the treatment of infectious disease. The Foundation entered into Series C funding round for Visterra with 10 other investors worth more than $23 million.

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Source: http://www.famcap.com/articles/2017/10/12/nq-family-office-and-impact-investing-deals


by Kathleen Leahy

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