UK-based investment firm Fairlight Capital Partners has acquired a minority stake in Noviscient, a Singapore-based fintech that provides digital infrastructure to help emerging and boutique fund managers launch and scale institutional-grade hedge funds.
Noviscient’s core platform, FundBox.ai, operates as a platform as a service, offering an end-to-end solution covering fund formation, compliance, administration, onboarding and reporting. According to the provider, the system enables fund managers to become operational within one to two months, while cutting setup and running costs by up to 70% compared with traditional structures.
By automating back- and middle-office processes, FundBox allows managers to focus on performance and building institutional track records, with entry capital requirements as low as $2 million.
AI-driven, human-centric design
With this move, Fairlight Capital Partners has joined existing strategic investors in backing Noviscient’s expansion across Asia and other global markets.
Thomas Gent, co-founder, Fairlight Capital Partners, commented: “We meet so many entrepreneurial managers with expertise and ability but their ambitions are constrained by traditional fund setup costs and regulatory hurdles. Noviscient’s model and technology lower the barriers, increase transparency and ultimately benefit end investors by giving them access to exceptional managers. Our investment reflects our belief in Noviscient’s business model and our commitment to champion the next generation of emerging investment talent.”
Scott Treloar, chief investment officer, Noviscient, said: “The investment from Fairlight is a significant endorsement of our proposition and a reflection of our shared belief that the alternative investment industry can be more accessible, scalable and efficient.
Our proposition allows investment managers to launch funds in a streamlined, cost-effective way while providing them with a shop window to showcase their performance to potential investors. It is our belief that investment managers will increasingly embrace this way of building their track records and assets under management, and we are delighted that Fairlight is supporting this vision with a long-term commitment and strategic investment.”
