Unigestion holds final close for UDO 2015 on €200m

The GP began fundraising in October 2015 and held a first close on €100m in April 2016.

The vehicle will target a 20% IRR. It will be managed from Switzerland but is domiciled in Luxembourg.

Unigestion announced last month that it will be managing a €312m fund-of-funds for Union Investment.

Investors
UDO 2015 attracted investor support from both existing and new LPs at first close, including UK investors North East Scotland Pension Fund, West Midlands Pension Fund and Clwyd Pension Fund. The GP said long-standing German and Swiss clients have also committed.

Investments
UDO 2015 seeks to invest in 12-15 companies around the world that operate in the small and mid-market, with enterprise values of less than €200m. The fund has no sector focus, but Unigestion stated it has a historical preference for energy, healthcare and financial services.

The GP expects to invest 40-60% in Europe, 40-50% in North America and 10-30% in Asia and the rest of the world, deploying €10-30m per transaction.

Four investments for UDO 2015 have been completed so far. The first was Zennor Petroleum, a UK-based oil and gas company that specialises in the development of hydrocarbons in the North Sea. Unigestion invested in Zennor alongside oil and gas sector specialist Kerogen Capital. The second investment was in US-based BioreclamationIVT, a provider of biological products used in drug discovery research by life sciences and pharmaceutical companies. The other two investments are healthcare services provider WCG and early education company Eduko.

People
Unigestion – Paul Newsome (co-head of investments, private equity).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Buyout
• DACH
• European Investment Fund