Kramer Levin Advises La Française in Joint Venture with Inflection Point Capital Management

Kramer Levin client, Paris-based La Française and the UK's Inflection Point Capital Management (IPCM) have announced plans for a major joint venture to be named La Française Inflection Point.

La Française will take a 49% stake in the London subsidiary - IPCM UK, subject to regulatory approval, and it is planned as well that IPCM UK will take a 49% stake in La Française's equity management subsidiary, which will be named La Française Inflection Point.

Under the agreement, London based Inflection Point Capital Management (IPCM) will advise around $1bn based on its investment philosophy: Strategically Aware Investing.

The new partnership will serve La Française's existing client base, as well as those international pension funds, insurance reserves and sovereign wealth funds increasingly tracking long-term risk and reward issues.

Xavier Lépine, chairman of La Française, commented: "IPCM brings a fresh, dynamic and comprehensive analytical approach to the evolving risk and reward realities of the 21st century. La Française is delighted to have found a strategic partner whose principals have a unique track record of cutting- edge innovation, coupled with investment discipline in the sustainability and responsible investment space. IPCM's carefully framed concept of Strategically Aware Investing (SAI) is a powerful one for modern markets in a globalised, changing world."

IPCM founder and Chief Executive Matthew Kiernan added: "Working with La Française's experienced equity management team, IPCM can now create customized solutions which respond to the unique requirements and risk profiles of leading institutional investors around the world. La Française's robust risk control, compliance, trading, and IT infrastructure will be huge assets, both to us and to our clients."

The Kramer Levin team that advised La Française was led by Paris partner Dana Anagnostou.