Access Capital awarded private equity mandate by ERAFP

The amount initially awarded to Access Capital by ERAFP under this mandate should be around the €200m mark, the public body said in a statement.

Access Capital’s selection comes a year after ERAFP launched a restricted call for tenders to invest in unlisted private equity assets on its behalf.

The move is also in line with ERAFP's investment policy, which according to the group "aims notably, for the purposes of diversification, to contribute to the financing of the French and European economies".

The Access Capital-managed fund will invest primarily in non-listed European mid-market companies through growth capital or buyout transactions, and, to a lesser degree, through mezzanine or unitranche financing.

These investments will be carried both through primary and secondary transactions, an ERAFP statement further read. Target companies will typically be mid-sized businesses headquartered in France, Germany, Benelux, the UK, Finland, Sweden, Denmark, and, to a lesser degree, Italy, Spain and Portugal.

According to ERAFP, the length of the initial mandate is 10 years, with a possible two-year extension.

Access Capital featured last year in the unquote" In Profile series, an in-depth analysis of the LP's investment strategy

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