Kvasir continues to build its track record, focused on delivering exceptional returns to its investors through its AI- and machine learning driven strategy.

LONDON, UK and LOS ANGELES, CA – March 18, 2021 –
Nile Capital Group Holdings, LLC (“Nile”) announced today it is making an equity investment in London-based asset manager Kvasir Technologies (“Kvasir” or the “Company”). The investment will enable the Company to continue to focus on providing superior investment performance for its clients through its Machine Learning / Artificial Intelligence (“AI”) investment strategy, while Nile assists with the strategic global
initiatives of the Company.

Kvasir, an Investment Management company headquartered in London, was founded by three successful computer scientists who combined their commercial expertise in AI with their alpha generating investment acumen. The central premise for Kvasir’s investment strategy is that by using artificial intelligence and machine learning, innovative new ways of alpha generation can be achieved. The Kvasir team have been working together since 2016, developing their unique Machine Learning framework. As experts in Data Engineering, Data Science and Deep Learning, they strive to build sophisticated machine learning models and neural networks that incorporate and model the fundamental cause-and-effects in the market. Kvasir’s reputation as one of the more innovative Asset Managers was further enhanced after advising industry giant Brevan
Howard Asset Management on an AI allocation.

“Our absolute focus is in delivering alpha for our clients, so this is where we dedicate our team expertise and experience. Through our commitment to researching and developing Artificial Intelligence algorithms that incorporate fundamental and alternative data sets, we endeavor to build on our current relationships, partner with new allocators, and continue to innovate our investment process. Our partnership with Nile marks an exciting new chapter for Kvasir that we believe will result in meaningful global expansion. We are confident we are building a strong track record,” said Mads Ingwar, Co-Founder, and CEO of Kvasir. “Given our compelling and unique product offerings, we see numerous opportunities to methodically scale Kvasir’s platform over the next few years. We are confident that Nile is the right partner to help us in our next phase of development given the decades of experience the Nile team has building asset management firms that are sustainable, scalable, and investable.”

“We are thrilled to have the opportunity to invest in this innovative tech-enabled asset manager and partner with its talented and passionate management team,” said Mel Lindsey, Managing Partner at Nile. “We believe Kvasir is well-positioned to take advantage of the rapidly growing investor appetite for AI focused strategies in the market. The privilege to work with this exceptional team and implement our proprietary T.I.D.E.S.SM Framework will further the success of Kvasir’s investment platform.” Investments are subject to risk. Investors should consider the investment objectives, risks, charges and fees of any investment vehicle before investing. For more information, please contact ir@kvasir.ai or visit: www.kvasir.ai.

About Kvasir
Kvasir is an Investment Management company founded by experienced, and successful experts in the Machine Learning / AI field, who balance solid hedge fund experience with deep commercial AI experience. For more information, visit: www.kvasir.ai.

About Nile
Nile is a private equity firm specializing in providing flexible capital by investing in GP stakes of promising boutique, niche, and diverse asset management firms. Nile seeks to partner with talented and innovative investment managers at a critical inflection point in their cycle that can benefit from its growth capital and proprietary T.I.D.E.S.SM operational framework, which has proven successful across various asset classes, firms, and business cycles. The firm has headquarters based in Los Angeles. More information is available at www.nilecapitalgroup.com