
Access Capital registers ninth growth buyout fund
Access Capital Partners has registered Access Capital Fund IX Growth Buy-Out Europe, its latest fund-of-funds vehicle dedicated to investments in European growth and buyout funds, according to a regulatory filing.
The fund is domiciled in Luxembourg and the filing is dated 31 January 2022.
Access Capital's European Growth Buy-Out vehicles typically make primary and secondary investments, targeting growth and buyout funds that invest in European SMEs.
The GP held a final close for Access Capital Fund VIII Growth Buy-Out Europe in July 2021 on EUR 814m, surpassing its EUR 700m target. The fund was 49% deployed at the time of its final close. According to Unquote Data, at least 60% of the fund was expected to be dedicated to primary fund investments, with up to 40% reserved for secondary deals, including both LP stakes and GP-led deals.
LPs in Access VIII include Teesside Pension Fund and Germany-based Europa Lebensversicherung, according to Unquote Data.
The GP has previously made commitments to vehicles including Synova IV and Growth Capital Partners Fund IV. The firm is the anchor investor in Germany-based small-cap investor Finnexx's second fund, according to Unquote Data.
In addition to its growth and buyout funds-of-funds, Access has previously raised funds dedicated to private debt and co-investments, according to Unquote Data.
Access Capital had not responded to requests for comment at the time of publication.
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