Psagot Investment House

Phoenix Acquires Actively Managed Mutual Funds with NIS 22 Billion Assets Under Management from Psagot

Retrieved on:

Thursday, December 21, 2023

Professional Services, Other Professional Services, Insurance, Finance, Asset Management, Consulting, Psagot Investment House, Acquisition, Growth, KSM, TLV, Holding, AUM

Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group (TLV:PHOE) (“Phoenix,” the “Group,” or the “Company”), today announced that it is acquiring actively managed mutual funds with NIS 22 billion AUM from Psagot Investment House.

Key Points:

Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group (TLV:PHOE) (“Phoenix,” the “Group,” or the “Company”), today announced that it is acquiring actively managed mutual funds with NIS 22 billion AUM from Psagot Investment House.
The acquisition represents another step in the execution of Phoenix’s growth and value creation strategy, strengthening its leadership in asset management
Phoenix Holdings CEO, Eyal Ben Simon: “The acquisition of actively managed mutual funds from Psagot will significantly increase the Group’s leadership in asset management.
This synergetic acquisition is another step in executing our proven strategy that has driven growth and value creation over the past few years.”
Phoenix Investment House CEO, Avner Hadad: “The acquisition of the actively managed funds with NIS 22 billion AUM creates synergies for the investment house in general, and for KSM branded mutual fund platform in particular.
We believe that now, during this challenging time for the State of Israel, is precisely the time to invest in Israel."

Phoenix Holdings Publishes 2022 Financial Statements and Reports Comprehensive Income of NIS 1.1 Billion with Dividend Distribution, Despite Capital Market Declines

Retrieved on:

Thursday, March 23, 2023

As of December 31, 2022, equity capital totaled NIS 10.1 billion, following the NIS 160 million dividend distribution from 2022 first half income and a share buyback of NIS 56 million.

Key Points:

As of December 31, 2022, equity capital totaled NIS 10.1 billion, following the NIS 160 million dividend distribution from 2022 first half income and a share buyback of NIS 56 million.
Profit from operations (before tax) amounted to NIS 1,796 million in 2022 and NIS 458 million in the fourth quarter of 2022.
The comprehensive income in 2022 and in the fourth quarter of 2022 amounted to NIS 611 million and NIS 115 million, respectively.
The decrease in comprehensive income before tax in 2022 and in the fourth quarter of 2022 amounted to NIS (958) million and NIS (202) million, respectively.

Phoenix Holdings and Investment Arm Phoenix Investment House Announce the Purchase of Asset Management Activities with NIS 25 Billion Under Management

Retrieved on:

Thursday, January 19, 2023

Professional Services, Business, Insurance, Finance, Asset Management, Banking, Retirement, Holding, Psagot Investment House, NIS, Growth, Acquisition, TASE, Financial adviser, Financial services, Phoenix, Psagot

Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group (TASE: PHOE) (“The Phoenix”, the “Group”, or the “Company”), together with its asset management arm Phoenix Investment House (formerly “Excellence Investment House”), today reported that they have entered into an agreement to purchase selected activities from Psagot Investment House.

Key Points:

Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group (TASE: PHOE) (“The Phoenix”, the “Group”, or the “Company”), together with its asset management arm Phoenix Investment House (formerly “Excellence Investment House”), today reported that they have entered into an agreement to purchase selected activities from Psagot Investment House.
Psagot’s clients will join the hundreds of thousands of clients of market leader Phoenix Investment House and benefit from the strength of the Group, its investment management capabilities, and the broad financial services that it offers.”
The asset management activities purchased represent NIS 25 billion in assets under management, including passive mutual funds, actively managed mutual funds, and discretionary portfolios.
The purchase of Psagot's activities is an additional step in the growth strategy of the Phoenix Investment House and of Phoenix Holdings to expand asset management activities inorganically as well as organically.
The Phoenix has distinctive competitive advantages in investment management for clients across all investment and retirement solutions in the Israeli market, and this acquisition reflects the ability to create significant value through synergies by merging asset management activities into the investment house.

The TEL-AVIV STOCK EXCHANGE (TASE) Continues to Upgrade the Israeli Capital Market and Adjust It with International Standards

Retrieved on:

Wednesday, January 11, 2023

TASE, TEL, Psagot Investment House, Israel Securities Authority, EVP, Research, Investment, Launch, Acquisition, Professional, Issuer, ETF, NIS, Tel Aviv Stock Exchange, AUM, Security (finance), Financial services, Renewable energy

TEL AVIV, Israel, Jan. 11, 2023 /PRNewswire/ -- The Tel Aviv Stock Exchange (TASE: TASE) announces today a special collaboration with Yelin Lapidot Investment House, as part of which TASE will exclusively launch new indices for the investment house, after receiving the Israel Securities Authority's approval last month for the exclusive launch of indices for the issuers of tracking funds. With this move, TASE effectively realizes its commitment to encourage competition and innovation in the indices' development sector, in alignment with global practices based on the most advanced and cutting-edge standards.

Key Points:

The new exclusive indices will offer the public a greater variety of investment products and enhance liquidity on TASE.
Yelin Lapidot's cutting-edge research and investment management capabilities are invaluable to the development of the new TASE indices.
This move will also increase the competition in the capital market and enhance liquidity on TASE.
The volume of assets exclusively tracking Israeli indices is estimated at NIS 12 billion, managed in over 250 different passive funds.

AST Private Company Solutions and Psagot Equity, Ltd. Seal Strategic Partnership

Retrieved on:

Wednesday, November 16, 2022

AST Private Company Solutions (AST PCS) is pleased to announce that the Astrella capitalization (cap) table and ownership data management platform has been selected by Psagot Equity to support its newly introduced and fast-growing Israeli escrow and trust administration business.

Key Points:

AST Private Company Solutions (AST PCS) is pleased to announce that the Astrella capitalization (cap) table and ownership data management platform has been selected by Psagot Equity to support its newly introduced and fast-growing Israeli escrow and trust administration business.
Astrella is built with an API-based ecosystem to quickly engage with leading private investment firms, valuation providers, equity compensation services, liquidity solutions firms and wealth managers.
Psagot Equity, based in Tel Aviv, Israel, is engaged in providing financial and trust services in Israel to local and foreign clients.
Psagot Equity, based in Tel Aviv, Israel, is the financial and trust services arm of Psagot Investment House.

Capital Markets Startup Deshe Analytics raises $6.5MM round led by Group 11

Retrieved on:

Tuesday, July 5, 2022

TEL AVIV, Israel and LOS ANGELES, July 5, 2022 /PRNewswire/ -- Fintech company Deshe Analytics announced a $6.5 million seed funding round led by Group 11, with participation from Psagot Investment House and the founders of WIX.com, Avishai Abrahami and Nir Zohar.

Key Points:

TEL AVIV, Israel and LOS ANGELES, July 5, 2022 /PRNewswire/ -- Fintech company Deshe Analytics announced a $6.5 million seed funding round led by Group 11 , with participation from Psagot Investment House and the founders of WIX.com , Avishai Abrahami and Nir Zohar.
Deshe has developed sophisticated AI driven algorithms which analyze public companies around the world and generate a research report for every stock.
Using Deshe's analysis, all investors - sophisticated and unsophisticated - can enrich and deepen their understanding of stock markets in their native language.
Dovi Frances, Founding Partner of Group 11, stated: "The future lies in transparency of data, behind any investment one makes.

Group 11 Welcomes Hamilton Lane as a New Investor in its Funds

Retrieved on:

Monday, April 11, 2022

LOS ANGELES, April 11, 2022 /PRNewswire/ -- Fintech venture capital firm Group 11 has partnered with funds managed by Hamilton Lane (NASDAQ: HLNE), a leading global private markets investment management firm, through a secondary transaction to acquire part of Group 11's third fund. The terms of the deal were not disclosed. The transaction enables some investors in Group 11's third fund (2017 vintage) to realize a portion of their investment prior to the end of the fund's term.

Key Points:

Hamilton Lane accounts will also join Group 11's newest Fund VI with a staple primary investment and is yet another prestigious U.S.-based institutional private markets investor to join the newly-formed fund.
The cumulative value of Group 11's portfolio stands at approximately $1.6BN, across five funds and multiple Special Purpose Vehicles.
We look forward to many more years of a mutually beneficial and fruitful partnership," said Dovi Frances, Founding Partner at Group 11.
The deal with Hamilton Lane comes months after Group 11 finalized a $200M raise for its Fund V, which was oversubscribed from an initial $100M target raise.

Group 11 strikes $50M deal with StepStone Group for third fund holdings

Retrieved on:

Tuesday, April 5, 2022

LOS ANGELES, April 5, 2022 /PRNewswire/ -- Fintech venture capital firm Group 11 has partnered with StepStone Group, a global private markets investment firm, through a $50M secondary transaction to acquire 27% of Group 11's third fund. The parties closed the deal directly, without the involvement of any placement agent or investment bank.

Key Points:

The deal enabled investors in Group 11's third fund (2017 vintage) to realize their positions halfway through the term of the fund.
Through this deal, participating Group 11 investors received a 3.25x net cash on cash return, representing a 41% net IRR on their investment.
"Group 11's track record and portfolio have impressed us, and we look forward to working alongside Group 11 and its management team."
This deal with StepStone comes months after Group 11 finalized a $200M raise for its Fund V, which was oversubscribed from an initial $100M target raise.

Sunbit Achieves Rapid Growth in 2021 as it Doubles Transaction Volume YoY and Increases Footprint by Nearly 100%

Retrieved on:

Thursday, January 13, 2022

Patient, Technology, Psagot Investment House, Ascent, Optometry, Nikon, Unicorn, Growth, Harel Group, Volkswagen, Transport, Capital, Eyemart Express, Engineering, Budget, Partnership, Health insurance, Online shopping

To fuel growth, the company closed a $130M Series D round in April 2021, bringing its total funding to date to 210M.

Key Points:

To fuel growth, the company closed a $130M Series D round in April 2021, bringing its total funding to date to 210M.
Today, Sunbit is available in parts and service departments in 5,000+ auto dealership locations, nearly 1 in 3 in the US.
In 2021, Sunbit has also made major headway in healthcare with nearly 3,500 optical and dental practices now offering its BNPL solution.
Sunbit eases the stress of buying everyday things by offering access to fast, fair and transparent payment options to people everywhere.

Influencer Marketing Startup Humanz Raises $8 Million Led by Stardom Ventures in Partnership with the Schestowitz Group and More Investment House

Retrieved on:

Monday, December 20, 2021

The round was joined by More Investment House and the Schestowitz Group, who following successful use of the platform across all its brands over a two-year period, chose to invest in the company.

Key Points:

The round was joined by More Investment House and the Schestowitz Group, who following successful use of the platform across all its brands over a two-year period, chose to invest in the company.
Humanz technology, developed by five 8200 alumni whose work focused on detecting security threats, enables the management and measurement of influencer campaigns.
For the development of these complex and proprietary algorithms the company received a $1 million grant from the Innovation Authority of Israel.
Recently, the company launched The Humanz Pixel,a one-of-a-kind tracking tool that enables clients to monitor influencer sales performance across digital channels.