Family Office Networks Enters Strategic Partnership with Vivaris Capital, LLC and The VICAN Fund
Palm Beach, FL – (May 19, 2022) – Family Office Networks, a community of 500,000, including 10,000+ global family offices and private investors, announced today that it has entered a strategic partnership with Vivaris Capital, LLC, an alternative assets investment manager, to offer access to a new, multi-strategy fund offering hybrid hedge and private equity structures, VICAN Fund.
The VICAN Fund provides investors an opportunity to invest in institutional-quality alternative investments with high-growth, high-return potential while securing their principal. It is being launched with Vivaris’ investment partner, HedgeACT. The Fund is already attracting strong interest from family offices, high net worth private investors, and institutions. It plans to raise $150 million this year and is targeting $500 million.
The VICAN Fund is led by President and Chief Executive Officer J. Christopher Mizer, a 25-year veteran of the alternative investment industry who founded Vivaris Capital in 1998 to invest in and acquire middle-market businesses in a broad range of industries that are leaders in their market niches. He is supported by an eight-member team that includes leading physicians, environmental and climate technology experts, alternative investment professionals, and global finance and business specialists. The VICAN Fund is primarily focused on building businesses in climate tech and life sciences, where the principals anticipate the adoption of new technologies will drive growth and create value.
“We’re seeing a trend of family offices who seek non-correlated investments with huge upside potential and downside protection moving out of the larger funds and actively seek funds with structures like VICAN’s. In today’s inflationary market, it’s an ideal time to invest, and we’re seeing many families with liquidity events expressing interest,” said Andrew Schneider, Founder of Family Office Networks.
As Vivaris’ investment partner for VICAN Fund, HedgeACT supports the Fund as its primary investment partner for allocation to principal security, including non-traditional, non-correlated markets such as life settlements, medical receivables, and insurance products. Investments are fully secured, non-leveraged, and allow for the return of the principal amount at the end of a 5–7 year term. Underwriting is designed to give investors a 15% annualized return on investment plus additional upside from interest, dividends, share redemption, and capital appreciation. VICAN also allows mission-based investors to support innovative approaches to addressing unmet social needs while protecting their principal investment.
“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. 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,” said Mizer.
The firm has retained top-tier service providers including NAV Consulting, Inc. as fund administrator and Marcum, LLP as auditor.
About Family Office Networks
Family Office Networks is the premier global community for families to share information and intelligence. The team works with a select group of top-tier investment managers and sponsors who offer substantial families access to stellar investment opportunities in areas such as real estate, venture capital, private equity, and hedge funds. In addition, Family Office Networks shares timely thought leadership on topics related to portfolio management, philanthropy, multi-generational wealth management, compliance and regulation, risk management, insurance, training, and education. The website www.familyofficenetworks.com is the hub of Family Office Networks with 500,000 users, including 10,000 family offices, and is a go-to resource for news related to family offices.
About Vivaris Capital
Vivaris Capital, LLC was founded in June of 1998 to invest in and acquire middle-market businesses in healthcare, life sciences, and technology that are leaders in their market niches. The Vivaris team is led by J. Christopher Mizer who is the chairman of each of the portfolio companies and guides key strategic decisions and their execution. He also serves as the operating president on an interim basis when companies are going through periods of ownership succession and new management team members are being assembled. For information, visit https://www.vivariscapital.com/, call +1.619.727.8497 or email [email protected]