Zennor Asset Management, Spiro, and Magellan Lead New Capital Inflows

Zennor’s Japan Himawari Fund aims to capture value among the country's 350 largest listed companies, specifically targeting 25 to 55 firms exhibiting mispriced cash flows or underearning. Managed by David Mitchinson and Nicolò Vezzoso, the fund leverages Japan's current corporate trend of aggressive balance sheet restructuring. This launch follows a series of regional equity products from the firm, which now manages nearly $2 billion in assets.

In the green energy sector, Spiro has successfully closed a $270 million funding round. The latest injection includes $55 million from NewTrails Capital, a Chinese growth-stage investor. Spiro, which has already deployed 100,000 electric vehicles and 2,500 battery-swap stations across seven markets, plans to utilize the capital to accelerate its pan-African expansion and cement its role in the continent's energy transition.

Meanwhile, Dubai-based Magellan Capital has debuted its Asset Backed Opportunities Fund with $50 million in seed capital. Registered under the Dubai Financial Services Authority, the vehicle is the first open-ended institutional fund of its kind to target asset-backed facilities across the GCC and Europe. The firm intends to scale the fund to over $250 million, offering exposure to diversified portfolios that include SME loans and Shariah-compliant facilities.