Cardea acquires assets, secures $25m to rebrand as Fourcore Capital, eyes global financial services leadership

Cardea Corporate Holdings Inc. has officially transitioned into Fourcore Capital, marking a significant rebranding and strategic shift in the global financial services landscape. The transformation follows the acquisition of select technology and financial assets from Nobel Sustainability Capital Group (NSCG), a consortium of prominent global investors led by Peter Nobel and Wu family members. This acquisition is underscored by a binding agreement from NSCG to contribute up to $25 million to anchor Fourcore’s upcoming capital raise, solidifying the firm’s financial foundation as it embarks on a new chapter.

The rebranding to Fourcore Capital is not merely cosmetic but reflects the company’s renewed focus on leveraging emerging technologies, particularly AI and blockchain, to deliver personalized, multi-generational wealth management solutions. The “Fourcore” name symbolizes the four pillars of its strategic approach: Next-Gen Data Analytics, Real-World Asset Conversion, Wallet Infrastructure, and AI-Driven Advisory Systems.

Jordan Waring, who leads the company as Chairman of the Management Board and Group CEO, emphasized the transformative potential of this partnership. “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,” Waring said.

The assets acquired from NSCG include technology intellectual property (IP), encompassing blockchain, AI, digital wallet, and tokenization capabilities, alongside investment management funds and entities. This acquisition not only enhances Fourcore’s technological prowess but also boosts its assets under management, providing an immediate uptick in profitability.

Neil Fillary, Group President and International CEO, highlighted the accelerated growth trajectory that this partnership enables, particularly as Fourcore positions itself for a public market debut. The innovative technologies integrated into Fourcore’s offerings are set to empower asset managers and advisors with data-driven tools for more informed decision-making.

Peter Nobel, whose Nobel Sustainability Capital Group has anchored this significant capital commitment, shared his vision for the partnership. “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,” Nobel stated, aligning the firm’s mission with the broader goal of promoting sustainable economic growth.

Peter Knez, Chairman of Fourcore’s Investment Committee, noted the critical inflection point facing the alternative asset management industry. He articulated Fourcore’s ambition to become a financial services powerhouse, leveraging its proprietary AI platform to meet the complex and evolving needs of investors across generations.

The valuation report from Frost & Sullivan, dated August 14, 2024, estimates Fourcore’s enterprise value to exceed $5 billion, underscoring the substantial market potential and strategic positioning of the newly formed entity.