Gottex Eyes More ABL Funds

Swiss fund of funds firmGottex Fund Managementis considering launching more funds in the asset-based lending space. The firm launched an ABL fund of funds in October, and is preparing to soft-close it during the summer after rapid asset growth (iialternatives.com, 4/13). "I think we will continue to launch other ABL funds," saidMax Gottschalk, head of European business in London. "We won't be able to replicate [the existing fund of funds] but there are sub-strategies we feel are very attractive," he explained. The ABL strategy appeals to "some of our most sophisticated investors," Gottschalk noted. The firm is likely to develop at least one other ABL offering by the last quarter, he added.