26 May 2022
- Oliver Marcuse, Georgia Demeure, Caitlin Hagart, Richard Kalaher, Nicola Griffin, Paul Ellison, Diego Ballon Ossio, Stephen Reese, Alex Walker, Simon Persoff, Mark Comber
Clifford Chance advises abrdn on its investment into a Series A funding round for private markets investment platform Titanbay
International law firm Clifford Chance has advised abrdn on its investment into a Series A funding round for private markets investment platform Titanbay.
Titanbay offers unparalleled access to top-tier private markets funds to institutional investors both directly and in partnership with leading private banks and wealth managers. Through its innovative technology platform, it gives investors access to curated best-in-class funds, as well as bespoke structuring, streamlined marketing and operations, professional analytics and potential liquidity via a secondary market. Titanbay also supports private banks and wealth managers by simplifying investing in private markets for a wider client-set through institutional level of access, reduced investment minimums and a sophisticated yet intuitive technology solution that is modular and provides full flexibility and control.
The funding round was led by fintech focused investor Motive Partners and abrdn, and also included participation by FNZ, a global wealth management platform. Through the backing of leading brands in financial technology investing, asset management and wealth management, Titanbay has secured significant growth capital alongside transformational commercial synergies with each of the lead investors. Through the partnership with abrdn, Titanbay will benefit from abrdn's fund selection resources, expertise in building tailored private equity solutions, leading ESG capability and privileged access to GP allocations including co-investment and secondary opportunities. Additionally, abrdn and Titanbay are exploring opportunities to offer Titanbay’s platform within their wider ecosystem.
Clifford Chance advised abrdn on all legal aspects of the investment including support on due diligence, subscription and governance arrangements, as well as tax.
The multidisciplinary Clifford Chance team included Christopher Sullivan, Oliver Marcuse, Georgia Demeure, Caitlin Hagart and Danielle Stobie in corporate, Richard Kalaher and Nicola Griffin in tax, Paul Ellison, Diego Ballon Ossio, George Bumpus in regulatory, Stephen Reese, Alex Walker and Jonathan Coote in IP and Simon Persoff and Mark Comber in data protection/IT.