Saranac Partners
Third Floor, 16 St. James's Street, London, England, SW1A 1ER, United Kingdom
Overview
Saranac Partners is a Private Office based in London offering clients partnership in their financial activities. The firm is owned by long-term strategic investors and staff and is led by a Managing Director and an Independent Board of Directors. Saranac Partners was launched in 2016 by a group of colleagues with a common objective of building an independent private office, working with clients across their financial and business holdings. The firm combines extensive in-house expertise with strategic partnerships across key areas of financial services. Working with a powerful network of thought leaders, investors and advisors, it provides clients with the service and experience of a private family office combined with the resources, capabilities and reach of a global institution. The business has strategic shareholders, outstanding technology, broad capabilities and the highest standards of corporate governance. Saranac Partners offers clients advice, access and execution across a broad range of activities. The team advises on strategic issues concerning the planning, allocation and governance of capital as well as managing and overseeing investments on behalf of clients. The business has strong capability across both public and private markets. In addition, Saranac Partners provides clients with access to diverse sources of capital to support their financing requirements and works with business owners on their corporate interests and strategies. Saranac Partners consists of a diverse team of experienced professionals from leading institutions across the industry. It is a multi-disciplinary partnership bound together by a common ethos of putting clients at the centre of the firm. The business consists of 50 professionals based in London, led by an experienced management team and overseen by an independent Board. The Managing Partner, Tanvi Davda, leads the firm and is responsible for client activities. She has worked in a wide variety of roles across financial services for over 20 years. The Chief Operating Officer, Andrew Catterall, is a co-founder of Saranac Partners and brings more than 25 years of experience in investment management and management consulting to the firm. A founding partner, Michelle Witter is responsible for Strategic Business Development and was previously Head of Distribution within the Global Investments & Solutions Division of Barclays Wealth. Brent Seery is responsible for leading the Investment, Financing and Corporate Advisory teams. Brent joined from Barclays where he led the UHNW investment proposition. Simon Latham is the Finance Director of Saranac Partners and also supports the Private Capital proposition. Saranac Partners Limited is authorised and regulated by the Financial Conduct Authority
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Financial Services
- Wealth Management
Investment portfolio
- Improbable
Participated · Equity · Apr 2022
Improbable develops infrastructure technology for large-scale virtual worlds, evolving its SpatialOS work into the Morpheus platform. Morpheus supports over 10,000 concurrent players and the platform processes over 350 million communication operations per second. The company provides multiplayer services to more than 60 global publishers and supports UK government defence simulations. Improbable is establishing M² (MSquared), a network of interoperable Web3 metaverses, combining Morpheus with services for interoperability, digital-asset commerce and governance. M² is being set up as a distinct entity to enable governance in partnership with businesses and ultimately the community. To fund this initiative Improbable has raised US$150m specifically to establish and develop M². Improbable provides SpatialOS, a cloud platform that enables studios to design, build and manage richer, more immersive virtual worlds beyond the limits of single-server architectures. The platform allows hundreds of game engines running in the cloud to cooperate to simulate much larger, richer worlds and supports standard development tools and game engines. SpatialOS is currently in a free open beta and developers can try the platform via improbable.io/games. Improbable has entered a partnership with NetEase under which NetEase will make games using SpatialOS; the first game using the technology will be announced later this year. The company plans to pursue new business opportunities with videogame developers and publishers in China and the Asia Pacific region. Financially, Improbable has raised multiple venture rounds and most recently received a $50M strategic investment from NetEase. Improbable builds SpatialOS, a distributed cloud platform that lets third parties design and run massively detailed virtual and simulated worlds using machine learning and other advances. SpatialOS, launched last year, targets immersive experiences and has been used in gaming (for example Worlds Adrift). The company says it will double down on its ecosystem and technology to expand its developer base. Improbable has offices in London and San Francisco. CEO and co-founder Herman Narula framed the funding as timed to scale the company’s core solutions and ecosystem. The company previously had raised $50 million before this round and its post-money valuation is described by the CEO as around or over $1 billion. Improbable is a London-based company, founded at Cambridge University by Herman Narula and Rob Whitehead, that builds backend infrastructure to enable large-scale simulated worlds and virtual reality. Its platform creates an operating environment for real-time simulated spaces that can contain millions of entities and manage complex interactions. The technology handles server load and scale and simplifies development by allowing code to be written for a single machine and used with engines like Unity and Unreal. While immediate use cases include games and VR demonstrations, the company and investors highlight broader applications in biology, economics, defense, urban planning, transportation, and disease prevention. Improbable is working with a carefully selected group of studios to develop initial uses and has hired industry talent including Nick Button-Brown and Sam Kalnins. The company recently received a $20 million investment from Andreessen Horowitz.