Olivier Sarkozy's Further Global launches $1.25bn PE fund

Oscar Geen
02 February 2018

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Further Global Capital, the private equity firm founded by Olivier Sarkozy, has launched a fund with a $1.25bn target, according to an SEC filing.

The vehicle was registered in the Cayman Islands, with Park Hill listed as the placement agent. The minimum ticket size in the new vehicle is $10m, according to the filing.

Olivier Sarkozy, the half-brother of former French president Nicolas Sarkozy, founded Further Global Capital in 2017. Prior to this, Sarkozy was managing director at the Carlyle Group, where he focused on LBOs, growth capital transactions and strategic minority investments.

Other partners at Further Global include Richard Venn (formerly of CIBC), and Susan Ciccarone (formerly of Emerging Global Advisors).

The firm targets equity investments of $75-200m and typically seeks control positions, according to its website. It also invests in growth capital transactions, management-led buyouts, ownership transitions, divestitures, sponsor sales, distressed recaps and buy-and-builds.

Its sector focus is the financial services industry with a specific focus on wealth management, business services, insurance, payment technology and other fintech, depository institutions, capital markets and speciality finance.

The GP is headquartered in New York with additional offices in Toronto.

After losing the 2013 French presidential election, Nicolas Sarkozy himself was rumoured to be involved in raising a €1bn PE fund. However, he denied the claims and returned to politics to lead the Les Republicains party.

Unquote took a closer look at the links of current and former politicians to PE in August 2017, when former French prime minister and presidential candidate François Fillon joined Tikehau Capital as partner.