NCB Capital Markets Limited says it has finalised the sale of Stratus Alternative Funds SCC to Barbados-based investment company Eppley Limited.

Stratus is a Barbados-based investment platform that, prior to this transaction, managed various funds structured as segregated cells across alternative asset classes including, credit, private equity and infrastructure. Under the terms of the transaction, the Caribbean Mezzanine Fund II, which is Stratus’ largest fund, will become its only active cell.

Eppley and NCB Capital Markets have jointly managed CMFII since its inception.

With this transaction, Eppley will assume full investment management responsibilities, positioning itself to deepen its focus on value creation through the fund.

Importantly, the transaction does not affect investor shareholdings in any Stratus fund.

NCB Capital Markets CEO Angus Young commented, “The deliberate pursuit and execution of this transaction is in line with our focus on core strategic objectives and, in this case, gaining agility and more efficient capital deployment across NCBCM. The alternative investments asset class remains a focus for NCB Capital Markets and we are working towards our future approach.”

Nicholas Scott, vice chairman of Eppley, remarked, “Eppley has a long history of generating attractive risk-adjusted returns by investing in private markets on behalf of its shareholders and investors. We are excited to assume full control of CMFII and are committed to building on its strong track record.”