Switzerland based Bonhôte Fund Solutions has signed a partnership with the Decalia Circular Economy theme-based fund.
As part of the partnership, the Bonhôte Fund Solutions investment pool has successfully raised $25m for the Decalia Circular Economy product, a ground-breaking equity fund dedicated to the circular economy revolution. Led by François Savary, a partner at Prime Partners, one of the pool's core investors, and Steve Métrallet, the head of Bonhôte Fund Solutions, it reached its target in just a few weeks. The fund was launched in 2018 and has now more than CHF70m in assets under management.
Decalia Circular Economy is the first (medium- to large-cap) equity fund exclusively dedicated to this area. The circular economy is a model based on the reuse, repair, refurbishment and recycling of existing materials and products. The movement was launched around a decade ago by the MacArthur Foundation and has now entered the mainstream consciousness. It looks set to be a key trend over the coming decades.
"At Prime Partners, we have been looking at this concept for six months now. Three years ago, we set up a theme-based investment segment, which consists of both third-party funds and our own investment vehicles. Our priority themes are education, digital transformation in the broad sense of the term, robotics, US infrastructure and now the circular economy - a central concern for both us and our clients," emphasised François Savary, CIO and a partner at Prime Partners.
"We are delighted with this, our first collaboration with Decalia Asset Management. The success of the fundraising is in part a testament to the synergies between the investors in our pool. We are very proud to be supporting a project firmly established in the responsible investment universe," added Steve Métrallet, head of Bonhôte Fund Solutions.