Launches & Closures

New French platform Emergence seeds Eiffel via NewAlpha

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Major new French seeding platform Emergence has selected its first seeding partnership in the alternative investment space with a $40 million investment in Paris-based Eiffel Investment Group’s Eiffel Credit Opportunities Fund.

Emergence was set up earlier this year with the backing of seven major French institutional investors as part of a concerted effort by the French government to strengthen and develop the asset management business in France.

The alternative asset management seeding part of the platform – named Emergence Performance Absolue – is managed by NewAlpha Asset Management, the Paris-based firm that is one of the most active seeders in