Edmond de Rothschild Private Equity to launch six new funds
Edmond de Rothschild Private Equity (EdRPE), the PE arm of Edmond de Rothschild Group, is planning to launch six new funds to raise €3bn over the next three years.
The GP intends to increase its current assets uner management of €2.3bn to €5bn by the end of 2021.
A hybrid fund-of-funds combining primary, secondary and co-investments, will be marketed before the end of the year with a €150m target. EdRPE will also look to launch a €250m luxury hotel fund and a €100m UK-focused vehicle looking at the rehabilitation of polluted industrial sites in 2018.
The firm will also reorganise its teams to target specific markets. High-growth tech companies will be targeted with teams based in London and the US. A separate team will be dedicated to environmental infrastructure investments. Finally, a pan-European real estate team will be formed.
EdRPE's longest standing vehicle series is Eres, started with the launch of Eres 1 in the 1990s. The GP is currently investing via Eres III, closed on €300m in November 2016. The fund usually acts as a minority investor in mid-cap deals with an enterprise value between €100m-2bn, providing equity tickets of €10-45m.
Other funds currently managed include TIIC 2, Triventures 3, Gingko UK, Amethis 2, Moringa and Aina 2.
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