Edi Truell to list Disruptive Capital
Disruptive Capital, the private equity business and family office of former Duke Street dealmaker Edi Truell, is to list on the Swiss stock exchange.
Disruptive Capital had planned to raise a €1.5bn LP fund. A spokesperson for the firm could not immediately confirm whether a fundraise was still being pursued.
The float is part of Truell’s plan to turn Disruptive Capital into a broader asset manager and “one-stop solution” for institutional investors. It will deploy capital from its balance sheet and offer “significant” co-investment opportunities.
“This is the long-anticipated evolution of my family office and private equity firm Disruptive Capital coming to fruition. We can now serve any kind of sophisticated investors – including pension funds with whom I have worked so much over the past years. I’m determined and delighted to build an investment manager producing exceptional returns at lower risk and lower cost to investors,” Truell said.
Disruptive Capital will focus on private equity initially before expanding into other asset classes include real assets. It has recently received a mandate to invest CHF4.5bn (€3.85bn) in short-dated debt.
Within the buyout market Disruptive Capital focuses on companies that operate in financial services, monetise data or benefit from ageing populations or regulatory change.
Since launch Disruptive Capital has offered £2bn in co-investment. For its next deal it has secured an initial CHF300m of co-invest.
Earlier this year the firm made a 15x return from the sale of fund administrator Gentoo to TMF Group.