Luxembourg, 1 October 2021: Sterling Strategic Value announced that on the 1st of October 2021 its recently launched second fund, Sterling Active Fund (“SAF”), has successfully reached the €200 million mark.
Sterling Strategic Value is one of Europe’s oldest Activist investors, founded in 1999, with a track record of just under 50 successful activist investment entry and exits. Sterling set-up its second fund, SAF in late 2020 to continue to offer investors access to a compelling niche area of the market, namely European small and mid-cap activism.
“European activism is still fairly young in its life cycle and with European small and mid-cap stocks currently trading at historical discounts, we felt this was an opportune time to provide investors seeking such exposure with a platform which has a long-standing track record and disciplined investment approach”, cites Ms. Giulia Nobili, Vice Chairman of the Investment Committee of SAF.
SAF investors from this fund-raising campaign thus far include pension funds, financial institutions and family offices/UHNWI’s. Furthermore, the Sterling team have also personally invested a significant stake in SAF.
With a large portion of the funds raised by SAF thus far coming from the existing investors of Sterling, “We are delighted to learn that the long-standing investors of Sterling have confirmed their trust in our platform by subscribing to SAF, particularly in the midst of the unprecedented back drop of Covid-19 and the ensuing impact it has had”, further comments Ms. Nobili.
