Chrysalis Investments Limited Portfolio Update (2371D)
28 Junio 2021 - 1:00AM
UK Regulatory
TIDMCHRY
RNS Number : 2371D
Chrysalis Investments Limited
28 June 2021
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area,
Canada, Australia, Japan or the Republic of South Africa.
28 June 2021
Chrysalis Investments Limited ("Chrysalis" or the "Company")
Portfolio Update
The Company is pleased to announce an investment of GBP75
million in Smart Pension Limited ("Smart"). The investment forms
part of a GBP165 million Series D funding round and includes GBP110
million of newly issued primary capital and GBP55 million of
secondary equity acquired from existing shareholders of Smart.
Chrysalis, which will be providing primary capital, will join a
pool of well-established investors in Smart, including Legal &
General, J.P. Morgan, the Link Group, Barclays and Natixis
Investment Managers, all of whom are considered strategic investors
by Smart.
The investment by Chrysalis will enable Smart to grow its
retirement technology platform offering in the UK, the US,
Australia and the Middle East, with additional territories to
follow.
Richard Watts and Nick Williamson (co-portfolio managers)
comment:
"Smart is an innovator and is building its position as the
leading retirement technology platform provider globally. In just a
few years, it has disrupted the retirement savings industry,
working with some of the world's most well-known financial services
providers to create a better way to save toward retirement, and
access funds during retirement.
The world has changed. Just as companies like Wise and Klarna
add huge benefits to their users via best-in-class financial
technology, Smart offers user experience and technology to
transform retirement for savers around the world. What Smart has
achieved in the last 12 months alone was a real catalyst for our
support, and we believe that together we can help Andrew and Will
achieve their global ambitions."
About Smart Pension Limited
Smart is a global savings and investments technology platform
provider and was founded in 2014 by Andrew Evans and Will Wynne.
Its mission is to transform retirement, savings and financial
well-being around the world.
Smart partners with governments and financial institutions
(including insurers, asset managers, banks, financial advisers) to
deliver retirement savings and income solutions that are digital,
bespoke and cost efficient. Smart's focus is on the workplace
pension market, and it helps employers to offer, typically
government mandated, pensions schemes in an efficient manner to
their employees. In the UK, it operates one of the biggest master
trusts. Smart's technology also helps employees effectively and
easily manage their pension pot via an app.
In addition to the UK, Smart is operating in the USA, Europe,
Australia and the Middle East with close to a million savers
entrusting over GBP1.7 billion in assets on the platform. Smart
supports its clients with a 550 strong global team and saw 160%
growth in assets on its technology platform in 2020.
-ENDS-
For further information, please
contact:
Media: +44 (0) 20 3770 7920
Montfort Communications chrysalis@montfort.london
Charlotte McMullen/ Toto Reissland-Burghart/
Miles McKechnie
Jupiter Asset Management:
Magnus Spence +44 (0) 20 3817 1325
Liberum:
Chris Clarke / Darren Vickers
/ Owen Matthews +44 (0) 20 3100 2000
Numis:
Nathan Brown/ Matt Goss +44 (0) 20 7260 1000
Maitland Administration (Guernsey)
Limited:
Elaine Smeja / Aimee Gontier +44 (0) 1481 749364
LEI: 213800F9SQ753JQHSW24
A copy of this announcement will be available on the Company's
website at
https://www.jupiteram.com/uk/en/professional/chrysalis-investments-limited/
The information contained in this announcement regarding the
Company's investments has been provided by the relevant underlying
portfolio company and has not been independently verified by the
Company. The information contained herein is unaudited.
This announcement is for information purposes only and is not an
offer to invest. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment decision.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results. Neither the content of the
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END
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