Phoenix Equity Fund Reveals Investments in Gett, OpenAI
Translated & summarized from TheMarker by baba
The Phoenix Co-Invest 2 fund, launched in early 2024, has made 40 investments including in Gett, United Living, and OpenAI, returning 30% to investors. Phoenix is focusing on asset management for future growth, with its Co-Investment funds managing $140 million. The fund's performance has trailed the S&P 500's gains.
The story in 5 lines · by baba
- Phoenix Co-Invest 2 fund invested in Gett, United Living, and OpenAI.
- The fund has completed 40 deals since its launch in early 2024.
- Investors have seen a 30% dollar return, underperforming the S&P 500.
- Phoenix is prioritizing asset management for future growth.
- The Co-Investment funds manage $140 million in private company investments.
The Phoenix Co-Invest 2 fund, launched in early 2024, has already completed 40 deals, yielding a 30% dollar return for its investors. This performance lags behind the S&P 500's 59% rise during the same period. Among its notable investments are the taxi company Gett, British infrastructure firm United Living, and artificial intelligence giant OpenAI.
Phoenix views asset management as a key future growth engine for the group. Eyal Ben Simon, CEO of Phoenix Finances, has stated the company is accelerating its asset management activities as part of its strategic shift. As part of this growth strategy, Phoenix launched its Co-Investment funds, which specialize in private company investments and currently manage $140 million.