The Revealed Brand Name of Soon-To-Launch BTC-Denominated Fund

MCAPMediaWire – BGBF, a Southeast Asia Bitcoin-denominated fund that will be launching its highly-anticipated second sub-fund in early May 2022, has announced that ‘The ICOA Fund’ will be the official brand name of this second sub-fund.

Set to be a Monetary Authority of Singapore regulated fund, this second sub-fund has so far been referred to by its working title of ‘BGBF-2’.

The rationale behind choosing The ICOA Fund as the brand name is to deepen and demonstrate the strong bond and collaboration it will have with its parent company, ICOA Inc.

ICOA Inc. as the parent company, and The ICOA Fund as a subsidiary brand, will undoubtedly draw from the other’s reputational strengths and networks. Together, they will more powerfully increase the awareness and reach of the ICOA brand, with the overt connection between parent and sub-fund allowing for joint marketing opportunities and efficiencies.

BGBF’s holding company, BCMG, was acquired in late 2021 by ICOA Inc. ICOA Inc.is a publicly traded Nevada-based company operating in the fintech, blockchain, decentralised finance, and cryptocurrency spaces through strategic acquisitions and joint ventures.

The ICOA Fund will launch with a hard commitment of 2000 BTC. It will invest exclusively in BTC and BTC Derivatives and offer insurance coverage and underwriting for public offering security insurance. The new fund will retain the strapline of ‘Multiplying Bitcoins’ used by BGBF’s first fund, BGBF-1.

Details on the trading philosophy and investment structure behind The ICOA Fund will be announced at launch. As a summary:

  • A maximum of 70% will go towards three BTC yield generating sub-strategies;
  • A maximum of 30% will be invested into Market Making and liquidity pools of carefully selected projects.

ICOA Inc.’s Chief Executive Officer Hadria Wong comments: “ICOA and BGBF effortlessly connect on our collective core mission of bridging traditional finance and virtual assets. As we have learned through working alongside each of our subsidiaries, our ecosystem is much more powerful when we combine forces and lean on each other.

The ICOA team is thrilled to soon launch ‘The ICOA Fund’ and turn it into a great success and opportunity for our investors.”

Top level information on the The ICOA Fund can still be found at www.BGBF.fund. The new URL of www.icoa.fund will go live in the next 24 hours. Please note that a branding transition will be in operation for the next week. Website visitors are therefore advised that references to BGBF-2 might still exist until the official launch of The ICOA Fund in early May 2022.

For more information on ICOA Inc., please visit icoa.tech or the official ICOA Twitter here.

For further information, please contact pr@icoa.tech

About ICOA

ICOA is a publicly traded Nevada-based company operating in the fintech, blockchain, decentralised finance, and cryptocurrency spaces. Establishing itself as a heavyweight in the innovative tech space through introducing millions of people— across forty states— to wired and wireless broadband networks, ICOA now looks to the next wave of transformative technology— blockchain.

The highly experienced ICOA team supports its investors through strategic acquisition, identifying the most promising and exciting opportunities across the whole blockchain ecosystem. By acquiring or partnering with a spectrum of deliberately chosen projects or teams from key verticals, ICOA delivers on its mission of bringing digital assets to every portfolio and making blockchain opportunities accessible and safe for retail and institutional investors alike.

For more information on ICOA, visit its company website here.

About BGBF

BGBF is Southeast Asia’s first POSI-insured, Bitcoin-denominated, and Monetary Authority of Singapore-regulated fund. A unique fund with a Bitcoin in, Bitcoin out structure, BGBF multiplies its clients’ BTC while providing them with additional unparalleled security measures— so they can trust their assets are in safe hands.

Open to accredited investors as per Singapore Jurisdiction, BGBF delivers guaranteed returns through an innovative investment strategy and provides convenience through effortless FIAT conversions. Investing in BTC has never been simpler or more dependable.

In late 2021, BGBF’s holding company, BCMG, was acquired by ICOA, a publicly-traded Nevada-based company operating in the fintech, blockchain, decentralised finance, and cryptocurrency spaces. BGBF seamlessly lends itself to ICOA’s mission to bridge traditional finance with virtual assets.

To learn more, please head to BGBF’s website here.

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These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company’s control.

Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Kirkland Advises Valor on Closing of $1.7 Billion Growth Fund V

A growth fund is a diversified portfolio of stocks that has capital appreciation as its primary goal, with little or no dividend pay-outs. The portfolio mainly consists of companies with above-average growth that reinvest their earnings into expansion, acquisitions, or research and development.

Kirkland & Ellis counselled Valor Equity Partners, a leading growth-focused private equity investment firm headquartered in Chicago and with offices in New York City, San Francisco, and Seattle, on the final closing of Valor Equity Partners V, a $1.7 billion fund.

Fund V was substantially oversubscribed, which required an increase in the hard cap set forth at the launch of the fundraising process.

Following the Fund V close, Valor is managing approximately $7.3 billion in regulatory assets from a broad range of global, institutional, family office, and high net worth investors.

The Kirkland team was led by investment funds partners Chris Kallos, Adam Parks, Alexandria Glispie and Warren Goodworth and associates Syed Madani, Chad Rogers, Nick Kristensen and Omotunde Okesanya; and included investment funds partners Scott Moehrke and Ryan Swan; tax partner Dan Meehan; and ERISA partner Elizabeth Dyer.

Since July 2015, Kirkland has advised more than 600 unique sponsors on the formation of over 1100 funds with total capital commitments in excess of $1.42 trillion.

Kirkland & Ellis is an American law firm. Founded in 1909 in Chicago, Illinois, Kirkland & Ellis is the largest law firm in the world by revenue, the seventh-largest by number of attorneys, and is the first law firm in the world to reach US$4 billion in revenue.

Kirkland & Ellis Advises Nordic Capital

Kirkland & Ellis is an American law firm. Founded in 1909 in Chicago, Illinois, Kirkland & Ellis is the largest law firm in the world by revenue, the seventh-largest by number of attorneys, and is the first law firm in the world to reach US$4 billion in revenue.

Nordic Capital today announced the successful final close of Nordic Capital Fund X, at EUR 6.1 billion. The Fund, launched in April 2020, was oversubscribed at its hard cap, and was raised in less than 6 months in a ground-breaking remote capital raise without holding any face-to-face meetings. This is the largest fund that Nordic Capital has raised since its inception in 1989 and surpasses its 2018-vintage Nordic Capital Fund IX which raised EUR 4.3 billion.

Investors were attracted to Nordic Capital’s leadership, proprietary sourcing methods and proven track record of creating value through business transformation and solid earnings growth in its focus sectors of Healthcare, Technology and Payments, Financial Services and its selective investments in Industrial and Business Services. Nordic Capital’s strategy of focusing on non-cyclical, growth businesses was validated by the strong performance of the existing portfolio since the COVID-19 pandemic started. In addition, Nordic Capital recently received the highest ESG rating from the UNPRI.

Fund X attracted investors from across the globe, with investors from every continent including 38% from North America, 27% Europe, 17% from Asia, 15% from the Middle East and 3% from RoW. The investor base comprises a well-diversified mix of institutional investors: public and private pension funds; sovereign wealth funds; fund of funds; financial institution; and endowments and family offices.

The new Fund expands Nordic Capital’s blue-chip investor base with 34% of commitments deriving from new investors. The re-up rate by capital of Fund IX LPs in Fund X is c. 90%. The Fund also drew significant support from Nordic Capital’s own team, as well as portfolio company management teams and industrial advisors.

Fund X will be invested across Europe, with a mandate for global investment in Healthcare as in the prior Fund and an emerging smaller global mandate also for Technology & Payments businesses.

Nordic Capital’s proprietary sourcing methods have continued to generate a strong deal pipeline despite the pandemic. It has in 2020, announced two new platform acquisitions: Max Matthiessen in May, a leading financial advisor in the Nordic region and Siteimprove in September, a global leader within website experience and digital marketing optimisation.

Furthermore, it has supported several transformative portfolio company add-ons and completed two partial exits. Nordic Capital’s current portfolio companies have on average achieved 10% organic employment growth and an 8% increase in annual sales.

The fundraising was led by Nordic Capital’s in-house Investor Relations team, supported by Rede Partners who acted as global placement agent, Transpacific in Asia, Ameris in South America, with Kirkland as lead legal counsel, supported by Carey Olsen in Jersey and Arendt in Luxembourg.

Weil Law Firm Advises Brookfield Asset Management

Founded in 1931, Weil has provided legal services to the largest public companies, private equity firms and financial institutions for more than 90 years. Widely recognised by those covering the legal profession, Weil’s lawyers regularly advise clients globally on their most complex Litigation, Corporate, Restructuring, and Tax and Benefits matters.

Weil advised Brookfield Asset Management in the formation of its latest flagship global infrastructure fund, Brookfield Infrastructure Fund IV, with total commitments of $20 billion.

Weil has been a pioneer in establishing a geographic footprint that has allowed the Firm to partner with clients wherever they do business.

Weil previously advised Brookfield in its formation of Brookfield Infrastructure Fund III, a $14 billion fund, as well as its predecessor funds.

The Weil team was led by Private Funds partner Andrew Chizzik and included Private Funds counsel Jacquelyn Volpe and associates Brittany Burnham, Semhar Woldai, Yoon Jeong Lee, Caylye Nordling and Liora Schiff. The team also included Tax partner Robert Frastai; Tax counsel Alex Farr; and Tax associate Michael Rivkin.

With approximately 1,100 lawyers in offices around the world, Weil operates according to the “one firm” principle, allowing us to bring the right mix of firm-wide skill and local-market presence to deliver the coordinated legal advice necessary to help our clients achieve their sophisticated goals and objectives.

Recognised by clients, the media, and professional commentators, Weil’s lawyers are known for the clarity, timeliness, and effectiveness of their counsel, and as a result, have become their clients’ call of first resort for solutions to their most complex legal challenges.

Weil’s one-firm approach ensures that the law firm works seamlessly to handle the most complex Corporate, Litigation, Regulatory, Tax, and Restructuring challenges.