Access Capital Partners closes fund on €500m
Access Capital Partners has held a final close of its fifth European small- and mid-market fund-of-funds, Access Capital Fund V Growth Buy-out Europe (ACF V), on €500m – above its initial target of €350m.
The fund follows the GP's previous fund, which closed in June 2008 on €425m, exceeding its €300m target.
ACF V was launched in July 2010. Carry, hurdle and management fees correspond to industry standards.
Investors
ACF V attracted a broad and geographically diverse investor base, primarily from German-speaking countries, France, Nordic countries, the UK and Benelux. In 2011, Access was awarded a €200m mandate by a US institutional investor.
Investments
Access's latest fund will make primary and secondary investments in European small- and mid-market buyouts as well as special situations funds executing growth-oriented strategies.
People
The fund is managed by the Access Capital Partners team.
Advisers
Equity – SJ Berwin (Legal).
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