Aug 21, 2019 | Press Releases, Uncategorized
Partnerships
Odyssey has recently partnered with New York-based Cadre, a technology-enabled real estate investment platform, to allow Odyssey’s private wealth management clients to invest in Cadre’s syndicated property opportunities.
Cadre leverages technology to make it easier and less costly for individual investors and institutions to buy stakes valued from just US$100,000 USD in institutional-quality U.S. commercial and multi-family real estate. Cadre’s investment opportunities target superior risk-adjusted returns with an emphasis on cash flowing real estate driven by differentiated sourcing, data-driven diligence, increased transparency and flexibility for investors.
Led by CEO Ryan Williams and a team of professionals from premier investment firms including Blackstone, Goldman Sachs, Morgan Stanley, Dune, and GEM Realty Capital, Cadre has invested in transactions totalling more than US$2.5 billion in transaction value since launching.
Through the partnership, Odyssey’s clients will be able to use Cadre’s platform to select institutional- quality U.S. commercial and multi-family real estate investments vetted by Cadre’s experienced team.
Odyssey’s partnership with Cadre highlights sustained interest by Asia Pacific based clients in accessing institutional-quality commercial and multi-family real estate investment opportunities in the United States.
About Cadre
Cadre is a technology-enabled real estate investment platform that provides qualified individuals and institutions access to fully vetted commercial real estate opportunities. Cadre enables investors to gain exposure to the asset class in a fee-efficient, transparent manner. Cadre has invested in transactions totalling more than US$2.5 billion in transaction value to date and has closed on more than US$130MM in corporate funding from backers including Andreessen Horowitz, Khosla Ventures, Ford Foundation, Thrive Capital, and General Catalyst.
www.cadre.com
Jul 5, 2019 | Press Releases, Uncategorized
[Foreign tourists in Japan visiting rural areas like Kanazaka, no longer limiting themselves to metropolitan cities such as Osaka and Tokyo. (Photo by Nobuyoshi Shioda)]
From Nikkei Asian Review:
“Foreign tourist consumption in Japan — including travel expenditures while in the country — totaled 4.5 trillion yen in 2018, up about 30% from 2015. Consumption in rural areas soared at a much faster pace, nearly 60%, during the same period.
More foreign tourists are finding their way out of the Tokyo, Nagoya and Osaka metropolitan areas. In 2018, 18 million foreign tourists trekked into rural areas, about 5 million more than those who simply enjoyed city indulgences. The gap is wider than it was in 2015, when 10.2 million foreign tourists ventured into the countryside and 9.5 million contented themselves in one of the big burgs.”
Read the full article on Nikkei Asian Review here.
Click here to download the full article.
Odyssey Asset Management Limited
Odyssey Asset Management Ltd, a sister company to the Odyssey Capital Group, is a Hong Kong SFC 1, 4 & 9 licensed company. The Japanese CRE team is headed up by Christopher A. Aiello, and also includes Alex Walker, Daniel Vovil and Sam Luck.
Odyssey Capital Group Ltd is Asia’s leading international Alternative Asset Manager that provides differentiated and bespoke investment solutions across multiple asset classes, including asset management, real estate, private equity and hedge funds. The Firm’s primary focus is to seek out undervalued investment opportunities to co-invest in with its clients.
The Odyssey team comprises over 30 experienced executives, asset managers, lawyers, private bankers, trust & tax planning specialists and experienced investors with over 400 years of combined financial and operational experience across the Asia Pacific, Europe and North America.
For more information about the Odyssey Japan Boutique Hospitality Fund, phone or email Daniel Vovil via the contact details listed below.
Daniel Vovil, Co-Founder and President, Odyssey Capital Group
daniel.vovil@odysseycapital-group.com | (852) 9725-5477
Jun 28, 2019 | Press Releases, Uncategorized
From AsianPrivateBanker.com:
Odyssey Asset Management, the wealth management subsidiary of alternative asset manager Odyssey Group, has hired a former Indosuez WM banker to build out its NRI division, Asian Private Banker can reveal.
Mullikkottu Veetil Ramadasan has joined Odyssey Asset Management as senior director and head of the NRI division and has been tasked with hiring a team of India private bankers to build out the firm’s NRI client base.
Ramadasan will be based out of Hong Kong and will cover the Hong Kong, Singapore, and Dubai markets, among others.
A spokesperson for the IAM confirmed the hire.
Ramadasan has over 35 years of industry experience and, in addition to Indosuez WM, previously worked with the likes of EFG Bank, J Safra Sarasin, and UBS.
In April, the Odyssey Group launched CapConnectAsia, an Asia-focused third-party fund distribution platform for the region’s family offices and institutional investors. Shortly after the launch, it hired former Standard Chartered private banker Peter Stertzenbach as director of private clients.
“In the coming years, more Southeast Asian countries will reach a level of economic development that will leave their citizens with enough discretionary income to start indulging their travel fantasies. As more Southeast Asians take to the sky, they will go a long way toward helping Japan reach its goal of boosting the number of foreign tourists to 60 million by 2030.”
Read the full article on Asian Private Banker here.
Click here to download the full article.
Odyssey Asset Management Limited
Odyssey Asset Management Ltd, a sister company to the Odyssey Capital Group, is a Hong Kong SFC 1, 4 & 9 licensed company. The Japanese CRE team is headed up by Christopher A. Aiello, and also includes Alex Walker, Daniel Vovil and Sam Luck.
Odyssey Capital Group Ltd is Asia’s leading international Alternative Asset Manager that provides differentiated and bespoke investment solutions across multiple asset classes, including asset management, real estate, private equity and hedge funds. The Firm’s primary focus is to seek out undervalued investment opportunities to co-invest in with its clients.
The Odyssey team comprises over 30 experienced executives, asset managers, lawyers, private bankers, trust & tax planning specialists and experienced investors with over 400 years of combined financial and operational experience across the Asia Pacific, Europe and North America.
For more information about the Odyssey Japan Boutique Hospitality Fund, phone or email Daniel Vovil via the contact details listed below.
Daniel Vovil, Co-Founder and President, Odyssey Capital Group
daniel.vovil@odysseycapital-group.com | (852) 9725-5477
Jun 17, 2019 | Press Releases, Uncategorized
[Thai tourists find their nirvana at a Buddhist temple in Takayama, Gifu Prefecture, central Japan.]
From Asia.Nikkei.com:
“Thai tourists to Japan topped 1 million in 2018, while their Vietnamese and Filipino counterparts also came over in large numbers. What is even better for Japan’s economy is that many of these travelers ended up in stores, where they were not shy about spending.”
“In the coming years, more Southeast Asian countries will reach a level of economic development that will leave their citizens with enough discretionary income to start indulging their travel fantasies. As more Southeast Asians take to the sky, they will go a long way toward helping Japan reach its goal of boosting the number of foreign tourists to 60 million by 2030.”
Read the full article on Nikkei Asian Review here.
Click here to download the full article.
Odyssey Asset Management Limited
Odyssey Asset Management Ltd, a sister company to the Odyssey Capital Group, is a Hong Kong SFC 1, 4 & 9 licensed company. The Japanese CRE team is headed up by Christopher A. Aiello, and also includes Alex Walker, Daniel Vovil and Sam Luck.
Odyssey Capital Group Ltd is Asia’s leading international Alternative Asset Manager that provides differentiated and bespoke investment solutions across multiple asset classes, including asset management, real estate, private equity and hedge funds. The Firm’s primary focus is to seek out undervalued investment opportunities to co-invest in with its clients.
The Odyssey team comprises over 30 experienced executives, asset managers, lawyers, private bankers, trust & tax planning specialists and experienced investors with over 400 years of combined financial and operational experience across the Asia Pacific, Europe and North America.
For more information about the Odyssey Japan Boutique Hospitality Fund, phone or email Daniel Vovil via the contact details listed below.
Daniel Vovil, Co-Founder and President, Odyssey Capital Group
daniel.vovil@odysseycapital-group.com | (852) 9725-5477
May 16, 2019 | Press Releases
[An outdoor bath at Shosenkaku Kagetsu, Yuzawa]
From Bloomberg.com:
“Private equity funds like Softbank-owned Fortrsess Investment Group LLC and Hong Kong-based Odyssey Capital Group are spending billions to tap into the appeal of traditional inns amid a tourism boom that’s ramping up ahead of next year’s Tokyo Olympics. The big funds are moving in as centuries-old spas, many of them still family-run, struggle to find successors in an aging country where small towns and villages are losing young people.”
“ Odyssey, along with two other investors, last year purchased its first Japanese onsen, an inn with 28 tatami-floored guest rooms near the Sea of Japan called Kagetsu, or “flowering moon.” Christopher Aiello, managing director of Odyssey’s Japan real estate business, says the firm plans to spend $500 million in the next three years buying about 20 more traditional Japanese hotels, which are known as ryokan.”
Read the full article on Bloomberg here.
Click here to download the full article.
Odyssey Asset Management Limited
Odyssey Asset Management Ltd, a sister company to the Odyssey Capital Group, is a Hong Kong SFC 1, 4 & 9 licensed company. The Japanese CRE team is headed up by Christopher A. Aiello, and also includes Alex Walker, Daniel Vovil and Sam Luck.
Odyssey Capital Group Ltd is Asia’s leading international Alternative Asset Manager that provides differentiated and bespoke investment solutions across multiple asset classes, including asset management, real estate, private equity and hedge funds. The Firm’s primary focus is to seek out undervalued investment opportunities to co-invest in with its clients.
The Odyssey team comprises over 30 experienced executives, asset managers, lawyers, private bankers, trust & tax planning specialists and experienced investors with over 400 years of combined financial and operational experience across the Asia Pacific, Europe and North America.
For more information about the Odyssey Japan Boutique Hospitality Fund, phone or email Daniel Vovil via the contact details listed below.
Daniel Vovil, Co-Founder and President, Odyssey Capital Group
daniel.vovil@odysseycapital-group.com | (852) 9725-5477
Apr 25, 2019 | Articles, Press Releases
Odyssey Launches Asia Focused Third Party Fund Distributor – CapConnectAsia
CapConnectAsia will seek to connect best-in-class global fund management groups with the increasingly vital pool of Asian capital. The business has been launched to capitalise on the trend that has seen the Asian region capture approximately 45% of global asset management inflows over the past 5 years. It will be led by Barry McAlinden and Dan Vovil and is set to have a presence in Hong Kong, Singapore and Australia. It is set to launch with a number of exciting mandates in the private credit and Asian listed equity space in April.
A division of Odyssey Asset Management Ltd, which is an SFC Type 1, 4 & 9 licensed company, CapConnectAsia’s principals see the division as the natural evolution of prior success Odyssey has had in equity and fund distribution in Asia, including the US$400m target Odyssey Japan Boutique Hospitality Fund, a private equity real estate fund which recently announced its first close. Leveraging their relationships in Asia, the division starts out with an impressive network of and reputation among institutional investors which provides invaluable insight into Asian investor demand for CapConnectAsia’s clients.
CapConnectAsia’s goal is to be the most respected third-party fund distributor in Asia. It will focus on the distribution of differentiated, specialised and alternative strategies across various asset classes, including high alpha listed equity funds. It will also stick to its roots in private equity real estate distribution. The team will seek to partner with best-in-class fund managers with excellent track records and following a rigorous investment process.
CapConnectAsia is founded on the premise that investors in the region are missing out on some of the most innovative and attractive global investment products as existing distribution channels are dominated by the large incumbent players. While the region has become an indispensable source of capital for investment groups, many boutique managers with strong long-term track records have nonetheless found it difficult to access Asia Pacific investors. The business sees itself as the solution to this problem. Vovil commented: “CapConnectAsia offers investment managers unrivalled access to the fragmented Asian marketplace through our pan-regional presence”.
Through establishing long-term relationships with managers, professional execution of marketing campaigns and delivery of AUM growth, CapConnectaAsia aims to become the go-to capital raising choice for the right managers and strategies seeking to access Asia Pacific capital. Their first priority is to be trusted advisors to investors, so the team will partner with managers on a highly selective basis and follow a strict due diligence and risk assessment process before representing a fund or strategy.
McAlinden and Vovil are confident they bring the right mix of experience, energy, integrity and reputation among industry players in the region to become a leader in the fund marketing space. McAlinden commented: “we will strive to be the best truly independent third-party fund distributor in Asia, offering investors, after rigorous risk screening, the most attractive investment offerings globally.” Plans are in place to build out the team further in the very near future. More details on CapConnectAsia’s inaugural fund offerings are expected to be announced imminently.
If you would like further information please contact us on the details below:
Daniel Vovil, President, CapConnectAsia
daniel.vovil@capconnectasia.com | (852) 9725-5477
Barry McAlinden, Managing Director, CapConnectAsia
barry.mcalinden@capconnectasia.com | (852) 9437-4927
CapConnectAsia is a division of Odyssey Asset Management, a Hong Kong SFC 1, 4 & 9 licensed company.
