Swiss Life strives to always offer the best-possible service. We use cookies on our website to enhance your experience and make ongoing improvements. By continuing to browse the site, you are agreeing to our use of cookies.

Swiss Life to spin off third-party private equity business

20.02.2004

Swiss Life is pulling out of the business of managing private equity investments for third parties. Existing mandates, including the ones from Private Equity Holding and 5E Holding, will be taken over by ALPHA Associates, a new company established by the present management of Swiss Life Private Equity Partners.

Swiss Life is pulling out of the business of managing private equity investments for third parties as it refocuses on its core business. Existing third-party mandates will be assumed by ALPHA Associates with the consent of the existing client base, including Private Equity Holding (traded on the SWX Swiss Exchange) and 5E Holding. ALPHA Associates is a new company established by the present management of Swiss Life Private Equity Partners specialising in private equity investments. It is independent of Swiss Life and headed by Peter Derendinger. Eleven of the 17 employees who have been working at Swiss Life Private Equity Partners will join ALPHA Associates. The transfer of management responsibility for the assets to ALPHA Associates will take effect as of 1 April 2004, subject to the required approval. The parties involved have agreed not to disclose the terms of the transaction.

Swiss Life's proprietary private equity portfolio will continue to be managed by Swiss Life Private Equity Partners. Pierre Guillemin, Head of Alternative Investments at Swiss Life, will take command at Swiss Life Private Equity Partners. This will concentrate Swiss Life's know-how in the field of alternative investments and ensure optimal management of its own private equity portfolio, in keeping with the company's asset and liability management concept.
Swiss Life: Swiss Life is a leading provider of life insurance and long-term savings and protection. Swiss Life offers individuals and companies comprehensive advice and a broad range of products via agents, brokers and banks in its domestic market, Switzerland, where it is market leader, and selected European markets. Multinational companies are serviced with tailor-made solutions by a network of partners in over 40 countries. Swiss Life Holding, registered in Zurich, was founded in 1857 as the Swiss Life Insurance and Pension Company. Shares of Swiss Life Holding are listed on the SWX Swiss Exchange (SLHN). The enterprise employs around 11 000 people worldwide.
Cautionary statement regarding forward-looking information
This publication contains specific forward-looking statements, e.g. statements including terms like “believe”, “assume”, “expect” or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the company and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties readers should not place undue reliance on forward-looking statements. The company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.
loading
×