Access holds €70m first close for co-investment fund

The pan-European vehicle will invest alongside an existing single client mandate. It has a target of €150m.

Access has been particularly active in terms of fundraising recently. In October it held a first close for Access Capital Private Debt Fund II on €56m and also announced it had raised €350m for its sixth Europe-focused fund-of-funds, which has a €400m target.

In the same month, the GP promoted Christopher Underwood and François Desprez de Fresnoye to partner in their respective teams, as well as hiring new risk management and compliance director Wealon Bouillet from Vega Investment Managers.

Investors
Access’s latest vehicle received commitments from new and existing backers.

Investments
The vehicle will look to make around 15 co-investments in European small-cap businesses in high-growth markets. It specifically targets buyout transactions for companies with potential to make bolt-on acquisitions.

People
Agnès Nahum and Philippe Poggioli are managing partners at Access.

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• France
• Buyout
• France