EdRip completes spinout from Edmond de Rothschild

Assets under management remain unchanged, and Andera will continue under the same governance and staff. It employs 55 people, 40 of whom are investment professionals. The firm is run by a board of 10 partners.

Created in 2001 as part of the Edmond de Rothschild Group, Andera currently has €2bn in assets under management (AUM). The firm will continue to manage its 96 portfolio companies via its four investment strategies: the Cabestan Capital vehicles target the small-cap growth capital segment in France; Winch Capital funds focus on minority investments in French SMEs; ActoMezz provides mezzanine debt for French SMEs; and the BioDiscovery range manages early- to late-stage investments in biotechnology and medical technology European companies.

Around €1bn in AUM have been raised over the last three years via Cabestan Capital 2, closed on €170m in August 2016; ActoMezz 3, closed on €315m in September 2017; BioDiscovery 5, closed on €345m in February 2018; and finally Winch 4, which has yet to announce a first close.

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• Topics
• GPs
• France
• Andera Partners