ACG Private Equity launches fifth fund

Fund

ACG Private Equity (ex Altium Capital Gestion) has launched its fifth fund-of-funds, ACG Europe V, with a EUR250m target and a hardcap of EUR300m. A first close is pencilled in for H2 2009 with a final close expected in 2010. The fund will aim to consolidate funds-of-funds activities in Europe. With this new vehicle, ACG PE will hope to take advantage of the restructuring opportunities in the current economic market resulting from forced sales and distressed situations of quality assets.

Investors

The fund will seek contributions from a number of European institutional investors including Generali, Aviva and Caisses d'Epargne as well as from Northern Europe, the US and the Middle East.

Investments

ACG Europe V will seek to invest in funds focusing on Western Europe and CEE. It will examine funds focused on growth capital (30%) and small to mid-market buyouts (50-60%) as well as special situations funds (10-20%). The fund will typically aim to allocate between 5-10% per fund over three years. Historically ACG PE has invested in funds of GPs such as LBO France, Duke Street and 21 Centrale Partners.

People

Wladimir Mollof, president of ACG Private Equity, Lorenzo Lorenzotti and Gilles Michat will lead the fund's investment team.

Name: ACG Europe V

Target: EUR250m

Focus: Mid-market buyout, expansion, distressed

Contact: Wladimir Mollof

Address

ACG Private Equity

84 avenue d'Iena

75016 Paris

France

Tel: +33 1 56 89 59 00

Fax: +33 1 56 89 59 15

Advisers

Ashurst - Xavier Comaills (Legal)

Trinity (Placement agent).

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• Topics
• Buyout
• France