Investment group Infinity has seen its funds under management and advice surge to nearly GBP900m as it celebrates its 10th birthday. The group was launched in 2007 by Sarah Butler, Daniel Finestein and Phil Vickers with a maiden private equity fund of GBP15 million.
The firm has since expanded by adding property funds, debt funds and further private equity funds as well as by providing a fund management service for clients via positions on boards, investment committees and as trustees.
Infinity’s activities span the UK, Europe, the Middle East, the United States and the Caribbean.
Since 2014, the total amount of assets under management and advice has grown by 53 per cent from GBP576 million to currently stand at GBP881 million.
The group moved last year from Manchester city centre to new headquarters in Salford Quays. It has a team of 14.
Recent growth has been partly driven by Infinity’s umbrella service. Infinity Asset Management is authorised by the Financial Conduct Authority as an Alternative Investment Fund Manager and this service is proving popular with prospective fund managers seeking to avoid the headache of dealing with regulatory requirements themselves. Infinity is also able to support those looking to establish, operate and promote funds in the UK.
Managing partner Finestein says: “Infinity is going from strength to strength, and our reputation as trusted and knowledgeable advisers as well as our capacity to think outside the box are key factors driving this growth.
“We are all from an advisory or accountancy practice background, with proven investment and asset management experience.
“This, combined with good governance and investor confidence, means we are in a strong position as we celebrate Infinity’s 10th birthday.
“We recently launched a fund administration business which operates alongside our umbrella service and has been well received by clients.
“We continue to work closely with our investors and clients to add value to their portfolios, and look forward to the future with confidence.”
One of the biggest private equity successes for Infinity was its backing for Manchester-based lender Positive Cashflow Finance. The group invested GBP2 million for a 55 per cent stake when Positive launched in 2007, and completed its exit in 2016.