Performance

Major new French asset management platform Emergence gains pace with second seeding deal

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Backed by the French government and several major investors, the nascent seeding platform has allocated to Bernheim, Dreyfus’ Diva Synergy UCITS – and has more deals in the offing, in both offshore and onshore markets

Lionel Melka
Emergence, the major new French seeding platform funded by large institutional investors and advised by NewAlpha Asset Management, is making swift progress towards its goal of backing a diversified range of hedge fund strategies.

Just one month after making its first seeding in May – providing capital to the long/short credit strategy managed by Eiffel Investment Group – the platform has invested in a second fund, allocating €30 million to the UCITS version of Diva Synergy, the merger arbitrage and pre-event strategy managed by Paris-based Bernheim, Dreyfus & Co.

The seed investment was