New Venture for Martin Sands
A new venture for Martin and Steven Sands
Sands Brothers launch Genesis Merchant Partners A new hedge fund to provide asset-based loans
Martin Sands and Steven Sands who founded Sands Brothers Asset Management in 1999 are always looking for new opportunities for their investors. The Sands brothers saw a new opportunity in the current tight credit market and they created a new hedge fund called Genesis Merchants Partners fund.
Genesis Merchant Partners is the name of the new hedgefund which allows investors to invest in asset-based loans. Genesis Merchant Partners will make secured asset based loans (ABLs) in niche or underserved markets. The fund will make loans secured against assets that will be taken in exchange if the loans can’t be repaid. While the cost of the loans will be higher than bank rates, using these loans can ultimately be cheaper for the borrower than selling equity at depressed prices.
Genesis will operate in a wide range of industries that offer up hard assets as collateral and diversification for investors. The fund will make short-term loans in the range of $250,000 to $2.5 million
Click here for more information about Martin SandsMartin Sands, Steven Sands or Sands Brothers Asset Management or about Genesis Merchant Partners fund.
