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Horizon21 and Swiss Re expand their strategic partnership - To join forces in private equity fund of funds

Zurich/Pfaeffikon SZ (ots)

Horizon21 and Swiss Re intend to
combine their private equity fund of funds businesses to satisfy
increased client demand for investment solutions from an integrated
alternative investment specialist.
Swiss Re would contribute its private equity fund of funds
business with 3.1 billion Swiss francs assets from Swiss Re and its
clients to the partnership. Swiss Re would also become a strategic
shareholder of Horizon21 Private Equity Holding with a 30 percent
stake. Peter Gujer, Head of Alternative Investments of Swiss Re,
would join the Board of Horizon21 Private Equity. The transaction is
expected to be completed by December 1, 2006. Terms of the
acquisition are not disclosed.
Swiss Re has invested in private equity funds since 1995 and will
continue to be active in and to expand its investments to this asset
class. As a part of the strategic partnership with Horizon21, Swiss
Re plans to commit substantial amounts to future private equity fund
of funds products. Swiss Re would provide substantial resources and
know-how in addition to its global network. The core team of Swiss Re
Private Equity Fund of Funds would strengthen the Horizon21 Private
Equity team. Harold Weiss, currently Head of Swiss Re Private Equity
Fund of Funds, would become CEO of Horizon21 Private Equity. The
management team would be complemented by Beat Buehlmann (Horizon21),
Robert Nef (Swiss Re) and Reto Suter (Horizon21).
Horizon21 and Swiss Re have already established a strategic
alliance for hedge fund of funds in September 2005. The expansion of
this relationship would allow the development of new investment
solutions for the benefit of Swiss Re and clients in the complex and
dynamic alternative investment universe. Benjamin Meuli, Member of
the Executive Board and Chief Investment Officer of Swiss Re, said:
"The dedicated platform of Horizon21 would offer Swiss Re and its
clients an expanding range of opportunities to invest in private
equity. In this sense, I am very pleased that our strategic alliance
is poised for future growth."
Rainer-Marc Frey, founder and Chairman of the Board of Directors
of Horizon21, added: "We are excited to expand our strategic
cooperation with Swiss Re. We observe a convergence within
alternative investments and see an increasing client demand for
integrated alternative investment solutions. Furthermore, we are
convinced to have an attractive offering of innovative investment
About Horizon21
Horizon21 is an investment manager based in Pfaeffikon SZ,
Switzerland, and was founded in 2004. Horizon21 Wealth Management
provides wealth management for sophisticated investors. Horizon21
Alternative Investments, Horizon21 Private Equity and Horizon21
Active Alpha form a worldwide network of specialized financial
companies focusing on alternative investments. Horizon21 Management
Services is responsible for the corporate functions (Finance &
Treasury, Controlling & Audit, Legal & Compliance, HR, Marketing &
Communication, IT and Administration) for all group companies.
Horizon21 employs around 60 people in Pfaeffikon SZ, Freienbach,
Zurich, London and the Cayman Islands.
About Swiss Re
Swiss Re is the world's leading and most diversified global
reinsurer. The company operates through offices in over 30 countries.
Founded in Zurich, Switzerland, in 1863, Swiss Re offers financial
services products that enable risk-taking essential to enterprise and
progress. The company's traditional reinsurance products and related
services for property and casualty, as well as the life and health
business are complemented by insurance-based corporate finance
solutions and supplementary services for comprehensive risk
management. Swiss Re is rated "AA-" by Standard & Poor's, "Aa2" by
Moody's and "A+" by A.M. Best.


Contact at Horizon21:
Urs Wieser
Head of Marketing & Communication
Horizon21 Management Services
Poststrasse 4
8808 Pfaeffikon SZ, Switzerland
Phone +41/55/415'20'44
Fax +41/55/415'20'01

Contact at Swiss Re:
Henner Alms
Head Media Relations Swiss Re
Mythenquai 50/60
P.O. Box
8022 Zurich, Switzerland
Phone +41/43/285'71'71
Fax +41/43/285'20'23

Weitere Storys: horizon21
Weitere Storys: horizon21
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    Horizon21 to acquire full ownership of HPM

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