Last April, it was announced that KKV had signed Heads of Terms with the Board of SQN Asset Finance Income Fund, with KKV expected to formally take over management of the fund in early June. An Investment Management Agreement to that effect has now been finalised and signed and the fund will be renamed as
Additionally, KKV has assumed the role of Investment Manager of the SQN Secured Income Fund, with Net Asset value of over £45 million, equivalent to c.
As part of the commencement of investment management services to the two funds, KKV will hire c.18 professionals, most of whom have been involved with managing the two funds in recent years.
As KKV is expected to incur various one-off costs due to the two mandates, including staff hires and payments to the previous manager, the impact of the funds on profit from its
„We are delighted to have finalised these agreements and remain excited about the many opportunities faced by KKV. We are taking over an experienced team of staff that has managed the two funds in recent years, and reinforcing it with key hires of experienced and skilled professionals.“
,,Kvika launched operations in the
For further information, please contact
Further information can also be found in the RNS notifications published by the Boards of the SQN Asset Finance Income Fund and the SQN Secured Income Fund on the
https://www.londonstockexchange.com/news-article/SQN/appointment-of-investment-manager/14568259
https://www.londonstockexchange.com/news-article/SSIF/appointment-of-investment-manager/14569355
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