SOURCE: Private Equity Gateway Group

February 18, 2011 11:01 ET

PEGG Capital Confirms Details Regarding GPE Asia BrandTech Fund

ISLE OF MAN, UNITED KINGDOM--(Marketwire - February 18, 2011) - PEGG Capital AG (PEGG) (FRANKFURT: PGU), a corporate advisory, commercialization and investment group focusing in the areas of information and communication technology (ICT) and other innovative technologies, is pleased to confirm the details of the Asia BrandTech Fund to be managed by PEGG affiliate, Gramercy Private Equity (GPE).

Gramercy Private Equity has announced the formation of a new venture fund. Asia BrandTech is a US$100mm targeted fund that will be managed by Gramercy Private Equity and is focused on cross-border technology investments between Asia and the US.

Asia BrandTech is focused on delivering superior returns by taking the best American and European technology companies into Asia in conjunction with deep local partnerships and also in taking the best Asian companies to the US and Europe.

Mr. Michael Gale, Director of PEGG Capital AG and Managing Partner of Gramercy Private Equity and The Asia BrandTech Fund, stated, "Our team has built strong relationships with partners in Asia over the last three decades. For fast growing US technology firms, success in Asia has transformed from a 'nice to have' to an essential business component as more and more of the world's users come on line in Asia. However, it is still difficult for many US companies to quickly penetrate Asian markets and overcome unique and diverse barriers to entry. We have the experience and relationships to facilitate entry for our investees. GPE has a strong initial pipeline of investments available to Asia BrandTech immediately."

GPE also announced the appointment to the Asia BrandTech Advisory Board/Investment Review Committee of seasoned Silicon Valley veteran Stephen Tolchin, who is an existing Advisory Principal at GPE and Franco Scalamandre. Mr. Scalamandre is a Managing Director with Global Emerging Markets North America, Inc. a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world.

About PEGG Capital AG
The Private Equity Gateway Group (EU) LIMITED, (PEGG) is a Corporate Advisory, Commercialization and Capital Group specific to the information and communications technology (ICT), telecom, and digital media sectors in Europe and the US. PEGG Partners and PEGG Alliance Partners focus on delivering innovative projects to commercial reality through funding support and hands-on assistance to portfolio companies. 

About Gramercy Private Equity
Gramercy Private Equity is the private equity arm of Gramercy Venture Advisors, the category defining technology merchant bank. Drawing on the resources of Gramercy Venture Advisors and its global relationships, Gramercy Private Equity offers hands-on advisory that adds significantly to the strategy and its execution for portfolio companies. Gramercy Private Equity invests in companies with proven technology within local markets that are poised for global expansion.

Cautionary Note Regarding Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors that could cause actual results to differ materially from such statements, as well as additional risk factors, are detailed in the Company's most recent filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking information contained in this press release or with respect to the announcements described herein, except as may be required by law.

Contact Information

    PEGG Corporate Contact Information
    Mr. Michael Gale
    Tel: 415-378-7364
    Mr. David Daniel
    Managing Director
    Tel: +44 (0) 7624 350 484
    Private Equity Gateway Group (EU) Ltd.
    (IoM registered Co. # 123009C)
    11 Hope Street Douglas Isle of Man, British Isles IM1 1QD

    PEGG Capital AG:
    (German Registered Co. # HRB 67740)
    Stock Code "PGU"
    AachenerStrasse 619
    50933 Cologne Germany

    Cooper Global Communications, LLC
    Mr. Richard E. Cooper
    Ms. Jennifer K. Zimmons, Ph.D.
    Managing Director
    Tel: 212-317‐1400