“I created Homestrings because I couldn’t find a credible vehicle in the marketplace to provide a means for individual investors – just like me – to send money to projects back home while simultaneously benefitting from Africa’s incredible growth story."
(PRWEB UK) 16 October 2012
Homestrings.com is a unique proposition inspired by the personal experience of the Guinea-raised Founder and CEO of Homestrings, Eric Vincent Guichard. Having worked at the World Bank and as CEO of a boutique asset management firm with $1 billion of institutional funds under advisory, Mr. Guichard identified a market need for the African Diaspora to be able to invest in projects in their home countries while also benefitting from the growth potential of the emerging markets. Homestrings aggregates experienced individual investors’ demand and targets access to vetted opportunities with great track records across Africa. It provides direct access to institutional private equity co-investment deals, projects and public-private partnerships that were, until now, not available to individual investors.
Since its successful UK launch in July 2011, Homestrings has raised funds in the region of US$20 million and will now use the opportunity, made available by recent changes to US government legislation, to offer its unique investment portal to qualified US investors.
Commenting on the US launch, Eric Vincent Guichard said, “I created Homestrings because I couldn’t find a credible vehicle in the marketplace to provide a means for individual investors – just like me – to send money to projects back home while simultaneously benefitting from Africa’s incredible growth story. There is $40 billion a year in remittances flowing from the West into Africa – and that figure is growing at 15% per year. I quickly realized that there was a great market opportunity – not just for Diaspora investors, but one with universal appeal for experienced investors to get access to rates of return of 15-20%. So I built Homestrings to open up that opportunity to individuals for the first time. Homestrings has enjoyed resounding success in its first year in the UK and I am delighted to now be able to extend its unique offering to qualified US investors. ”
For more information, please contact:
Sara Firouzyar/Sarah Caddy
+44 (0)20 7935 4800
Homestrings is inspired by personal experience and informed by market demand. It provides a means for the experienced individual investor to direct their resources towards investments in the Diaspora home countries, while also having access to the financial opportunities previously only available to institutional investors. Homestrings.com is an interactive web portal which aggregates demand and targets access to vetted opportunities investing in emerging market projects. For more information please see http://www.homestrings.com
Past Performance is no Indication of Future Results. This is not to be construed as a solicitation or offering of securities in any jurisdiction.