For more information on RM Catalyst (RCAT IPO) please contact:
Pietro Nicholls
Investment Management
email Pietro
Niall O’Connor
Investment Management
email Niall
James Satterthwaite
Head of Distribution
email James
RM Catalyst is a new listed closed-ended fund being marketed by RM Funds.
Investment objective
The Company’s investment objective is to invest in the shares of closed-ended investment companies, admitted to trading on a market of the London Stock Exchange, with a focus on alternative assets (being assets other than publicly quoted equities) and seek to maximise the value of such investments for Shareholders.
Investment policy
The Company, through its delegated Investment Manager, will aim to achieve its investment objective by investing in shares of closed-ended investment companies admitted to trading on a Recognised Stock Exchange, with a focus on alternative assets (being assets other than publicly quoted equities). The Company will seek to generate attractive returns for Shareholders by identifying and acquiring stakes in alternative investment companies that, in the opinion of the Investment Manager, are trading at material discounts to their underlying asset values. To unlock this value, the Company will employ a range of strategies, working collaboratively (where possible) with boards, external management teams, stakeholders, advisers, and private market participants.
The Company intends to maintain a high-conviction portfolio, focusing on a select number of investments where it sees significant value potential. Additional investments will not be made solely for the purpose of diversification. Investments will primarily take the form of equity and if applicable equity-related instruments, such as contracts for difference. The equity interest in any investment may range from a minority position up to 29.99 per cent. ownership.
The Company will have an initial investment period of 18 months from Initial Admission. After this period, no new investments will be made by the Company.
Pietro Nicholls
Portfolio Manager
Pietro is the lead Portfolio Manager for the VT RM Alternative Income UCITS daily dealing funds focused on real assets and infrastructure which was launched in 2018.
In addition, he sits on the Investment Committee at RM Funds and is a Board member for Energie Fitness which is a portfolio holding for RM.
Pietro has 15 years of experience in investment banking, capital markets, project finance and corporate lending, including experience advising publicly listed, unlisted, government related entities on investment, financing, M&A and liability management solutions.
Dr Niall O’Connor
Portfolio Manager
Dr Niall O’Connor has been the lead manager of the Defensive Capital Fund since 2019, having previously been co-manager from 2016.
He has over 25 years of experience as an analyst and fund manager, on both on the sell-side and buy side at various firms including JPMorgan, Deutsche Bank and Nevsky Capital.
He studied at Cambridge University gaining a PhD in Theoretical Physics.
James Satterthwaite
Head of Distribution
James has been working at RM since 2010, and heads up the firms distribution function. Having significant experience in the fixed income and credit space, James is ideally suited to understand the needs of the income investor.
Previous to this James worked at Barclays Capital, serving institutional fixed income investors with access to primary and secondary market investment opportunities.