Cardea announced that it had acquired select technology and financial assets from Nobel Sustainability Capital Group (NSCG), a consortium of global investors led by Peter Nobel and Wu family members, and has rebranded as Fourcore Capital. In connection with the deal, NSCG has signed a binding agreement to contribute up to $25 million as an anchor investment in the company’s planned capital raise.
The company is led by Jordan Waring, Chairman of the Management Board and Group CEO, Neil Fillary, Group President and International CEO, and Peter Knez, Chairman of Fourcore’s Investment Committee and former co-Chief Investment Officer of BlackRock Fixed Income. Peter Nobel has been appointed Chairman of the Fourcore Board of Directors.
The assets acquired include technology IP and licensing, and investment management funds and entities. The IP and licensing encompass capabilities across blockchain technology, AI, digital wallet and tokenization, and they will enable the company to provide a comprehensive digital wealth and asset management offering. This investment management funds and entities enhance assets under management and fee-paying contracts, which will immediately increase the profitability profile of Fourcore.
The name “Fourcore” reflects the four pillars of the company’s unique approach to providing AI-enabled, personalized investment strategies and solutions for data analysis and increased asset liquidity:
1.) Next-Gen Data Analytics – Predictive capabilities built from analyzing vast amounts of data from diverse sources
2.) Real-World Asset Conversion – Innovations to digitize and tokenize physical assets, enhancing liquidity and tradability
3.) Wallet Infrastructure – Comprehensive digital wallets that provide seamless, highly available and hyper-secure management of assets and transactions, with interoperable financial services and broader community engagement
4.) AI-Driven Advisory Systems – Personalized investment recommendations, asset allocation and financial planning for individual client goals and bespoke risk profiles
In preparation for this deal and the company’s next funding, the Board of Directors of Cardea Group has received a valuation report, dated August 14, 2024, from independent advisory firm Frost & Sullivan that estimates Fourcore to have an enterprise value of over $5 billion.
KEY QUOTES:
“In partnering with Nobel Sustainability Capital Group, Fourcore will serve global investors with leading asset management solutions powered by cutting-edge AI and other emerging technologies. Fourcore is not only adapting to the future of finance but actively shaping it. We are strategically positioned to grow rapidly, leveraging our acquisitions and innovative technology to expand our market share. This partnership also underscores our deep commitment to sustainability, aligning with the values championed by Peter Nobel and members from the Wu’s family.”
- Jordan Waring
“This partnership accelerates our growth path, bringing innovative technologies to empower asset managers and advisors with tools for better-informed decision-making on our path to the public markets.”
- Neil Fillary
“The mission of Nobel Sustainability Capital Group is to promote sustainable economic growth that preserves and ultimately enhances the living systems on the planet, create opportunities for people, and harness human ingenuity in support of a prosperous common future. In pursuit of that mission, we are focused on sustainability-related investments globally. We look forward to our partnership with Fourcore and in making a greater impact in sustainable investing to further our goal of improving the planet.”
- Peter Nobel
“The alternative asset management industry stands at a pivotal inflection point. We are creating a financial services powerhouse equipped with a proprietary AI platform that will meet the complex, evolving needs of investors—from generation to generation—and revolutionize how we approach alternative assets.”
- Peter Knez
