Strattners Grows Private Equity Business
Strattner Group Corp. (SCNG) announces plans for growth in its private equity business in 2021, highlighting increased interest following participation in the LD Micro conference. CEO Timo Strattner stated that the firm aims to enhance its asset management capabilities by obtaining licensing from the FCA in the UK and FINRA in the US due to growing demand in corporate debt and alternative credit markets. The company targets generating over $1,000,000 in revenue from core activities by the end of the second quarter.
- Increased interest in Strattners following participation in LD Micro conference.
- Plans to obtain licensing from FCA and FINRA to capitalize on growing demand.
- Targeting revenue generation of over $1,000,000 by Q2 2021 from core activities.
- None.
NEW YORK, NY / ACCESSWIRE / February 11, 2021 / Strattner Group Corp. (OTC PINK:SCNG) also known as Strattners® announces its growth strategy for its private equity business of the first half of 2021.
CEO Timo Strattner said that the "Company sees increased interest in our company due to our participation in the LD Micro conference. We received a trademark registration for Strattner® with the view to make Strattners a high growth private equity firm."
Strattners® core business is the investment adviser business Strattner Capital Management LLC and the wholly owned private funds. The Company's internal analysis recommends to obtain licensing from the FCA in the UK and FINRA in the US as management identified a rapidly growing demand for financial services in corporate debt, convertible bond and alternative credit markets.
Timo Strattner said that in the first two quarters of 2021 Strattners® we are looking to capitalize on our current asset portfolio held in our wholly owned private funds. The Company is actively working on developing a corporate client base for its alternative credit business.
By the end of the first two quarters, we aim to have generated at least
About Strattners®
Strattner Group Corp. also known as Strattners® is a publicly-traded parent company of the Strattner portfolio of brands. The core business is its alternative asset manager and private fund business which manages a diversified portfolio of brands and subsidiaries.
Contact:
Name: Investor Relations
Phone: +1 (917) 210-1062
Address: 30 Wall Street, 800, New York, 10005
Email: investor.relations@strattners.com
Forward Looking Statements
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, to be materially different from the statements made herein. The Company expressly disclaims any obligation or intention to update or revise any forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statement is based.
SOURCE: Strattner Financial Group
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FAQ
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