FTV Management Company, L.P.
  • News
  • Insights
  • Company
  • Growing Companies
    • Overview
    • FTV Propel
  • Global Partner Network®
    • Overview
    • Strategic Advisory Board
  • Team
  • Portfolio
Investor Portal
Port Co Hub

Search

FTV News

ETF Securities Obtains US $10 Million Equity Funding from FTVentures

01.30.2007
Share this...
  • Linkedin
  • Twitter
  • Facebook
  • Email

Backed by leading global financial institutions, private equity firm leads first institutional investment, bringing access to its extensive financial network and experience with ETFs

ETF Securities Limited, the pioneer in developing Exchange Traded Commodities (ETCs), today announced that it had obtained a $10 million equity commitment from FTVentures, a private equity firm with 37 of the world’s leading financial institutions as its limited partners. FTVentures provides growth capital to companies that provide meaningful solutions to the financial services industry. FTVentures is the first institutional investor in the company and the only party to hold shares outside of management. The financing accelerates ETF Securities’ ability to quickly expand its unique series of products, its distribution channels and its management team. Following the recent listings of ETCs on the London Stock Exchange, Deutsche Borse, and Euronext Amsterdam, total assets under management have increased by 100% since the end of September 2006 to US$285 million, with its latest Commodity Securities growing rapidly to over $100 million in less than four months.

“ETF Securities’ has already established a brand name in Europe for its compelling product offering and is led by a seasoned and well-respected management team,” said Ben Cukier, partner at FTVentures and new board member at ETF Securities. “The demand for ETFs and ETCs over other investment products, such as mutual funds, continues to grow exponentially. ETF Securities brings the product development and management expertise to open up other asset classes and unique investment strategies for cost-effective investing as they have already done for commodities.”

“FTVentures brings a tremendous amount of experience in the asset management industry and particularly in the ETF space,” said Graham Tuckwell, Chairman and CEO of ETF Securities. “They have built an impressive global network of financial services executives from the leading firms that make up their partner base; this network offers attractive growth opportunities and we welcome the opportunity to partner with FTVentures in our expansion efforts.”

For more information about ETF Securities, please visit www.etfsecurities.com.

About FTVentures

FTVentures provides capital to growth companies to finance organic expansion, recapitalizations, build-ups and buyouts. The firm invests in software and business services companies that derive value from its unmatched Global Partner Network, which includes 37 of the world’s leading financial institutions. FTVentures’ Global Partner Network provides the firm with a unique vantage point into the business driven IT and operating challenges of the global enterprise. Founded in 1998, FTVentures currently has $624 million under management with offices in San Francisco and New York. FTVentures was the only institutional investor in PowerShares Capital Management LLC, a pioneer in the U.S. ETF market. PowerShares was acquired by AMVESCAP PLC in September 2006. For more information, please visit www.ftventures.com.

Contacts

Karen Derr Gilbert
FTVENTURES
(+1) 925-250-9922 / (+1) 415-229-3000
kgilbert@ftventures.com

Claire Burston/Ben Larter
ETF SECURITIES LIMITED PENROSE FINANCIAL
+44 (0) 20 7786 4886/4876

Keep Up-To-Date on the Latest FTV News

  • This field is for validation purposes and should be left unchanged.

SAN FRANCISCO

601 California Street, Floor 19
San Francisco, CA 94108

415.229.3000


CONNECTICUT

10 Titus Road, Suite 5B
Washington Depot, CT 06794

NEW YORK

535 Madison Avenue, Floor 32
New York, NY 10022

212.682.4800

CONTACT

General: Info@ftvcapital.com
Media: PR@ftvcapital.com

  • LinkedIn
  • Twitter
Investor Portal
Port Co Hub

© 2023 FTV Management Company, L.P.
All rights reserved.

  • Privacy & Cookie Policy

  • Keep Up-To-Date on the Latest FTV News

  • This field is for validation purposes and should be left unchanged.
Our website uses cookies that are essential for the website to work. By using the website and continuing to navigate, you consent to the placement of these cookies. Read our PRIVACY POLICY to learn more.
ACCEPT
Select Cookies
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT