Geneva-based private banks Bank Pâris Bertrand Sturdza, Bordier & Cie and REYL & Cie have joined together to launch a diversified private market fund platform in the form of a new investment boutique.
The groups have founded Hermance Capital Partners, which is an investment boutique focusing on private equity, private debt and private real estate. The new
firm is joint-owned by the three private banks.
According to a statement, the alliance was formed on the basis of shared interests and a drive to set up exclusive, high-performing private investment solutions.
These solutions will be offered through Hermance, which will act as a wholly independent self-governing entity.