Vivaris Capital, an alternative asset investment manager, has launched its new fund, VICAN Fund.
VICAN Fund is launching with Vivaris’ investment partner, HedgeACT, as it plans to raise $150 million this year and is targeting $500 million. The fund will provide investors with access to alternative investments with high-growth, high-return potential while securing their principal.
Vivaris Capital is an investment firm that specializes in growth equity and real estate transactions. The VICAN Fund focuses on building businesses in climate tech and life sciences, where the principals anticipate the adoption of new technologies will drive growth and create value. HedgeACT supports the fund as its primary investment partner for allocation to principal security.
“We aim to be the disruptor the industry needs at a time when investors seek the security of an investment grade instrument combined with the upside associated with private equity,”said J. Christopher Mizer, CEO of Vivaris Capital. “We secure the repayment of principal by investing in a diversified portfolio of investment grade securities that collateralize the portfolio, and the difference between the cost of the principal security portfolio and their face amount at maturity is invested in alternative asset opportunities with high return potential. The result is superior returns on a risk adjusted basis for investors.”
The firm has retained service providers NAV Consulting and Marcum as a fund administrator and an auditor.