Source: Reuters
Original article available here.
Frankfurt am Main, Germany, April 16, 2009 – In future, the “Fund Management and Fund Advisory” division of the Frankfurt School of Finance & Management (Frankfurt School), which specializes in the market for development finance, will operate as an independent entity under the name ConCap Connective Capital GmbH i.Gr. (ConCap).
The company specializes in managing and advising alternative investment vehicles in the area of development finance. It focuses on the markets for micro financing and housing financing, as well as the financing of energy efficiency measures and renewable energy in developing countries and emerging markets. Complementary to classic Asset Management, ConCap also manages projects of technical assistance with financial institutes in developing countries and emerging markets on the instructions of donor organisations and development banks.
The ConCap Team can call on its experience as fund advisor for the European Fund for Southeast Europe (EFSE), which established under the management of the KfW is the worldwide largest microfinance investment fund, with an investment portfolio of EUR 532 million at the end of March 2009.
Sylvia Wisniwski, Chief Executive Officer, and Dr. Sebastian Fritz-Morgenthal, Chief Operating Officer, will manage the company, which is a 100% subsidiary of the Frankfurt School. The entire team at ConCap numbers over 50 staff with many years of experience in development finance, financial management know-how and a wide-ranging network of contacts.
The Federal Financial Supervisory Authority (BaFin) has granted ConCap licence for financial portfolio management as well as the license to act as investment and acquisition agent. The registration of the company as an independent entity in the register of companies is expected in the near future. ConCap has its headquarters in Frankfurt am Main, Germany. The company has a presence in approximately 30 countries around the world, with eight branches of its own in Southeast Europe, as well as the worldwide network of International Advisory Services, the global advisory division of the Frankfurt School.
“As an economically independent company we are able to build up our partner and investor base, our services and our presence in additional regions with breadth, speed and efficiency. This is vital if we are to achieve optimum exploitation of the outstanding expansion opportunities in a rapidly-developing market and continue to play a leading role”, explains Sylvia Wisniwski.
Prof. Dr. Udo Steffens, President of the Frankfurt School of Finance & Management, adds: “ConCap has emerged from our globally operating advisory division, International Advisory Services. With ConCap, a successful and established company is taking the step into economic independence. We will continue to consistently gain from our joint synergies.”
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