Charterhouse considers secondaries deal for ninth fund
Charterhouse Capital Partners has started talks about a GP-led restructuring on its 2009-vintage buyout fund Charterhouse Capital Partners IX, according to a report by Secondaries Investor.
The vehicle launched in March 2008 with a €6bn target but held a final close on €4bn in 2009, according to Unquote Data.
Teacher Retirement System of Texas, Canada Pension Plan Investment Board, Government of Singapore Investment Corporation and Washington State Investment Board are among the largest LPs in the vehicle, with commitments of more than €200m, according to Unquote Data.
Charterhouse wants more time and additional capital to realise the remaining five assets in the fund, according to the Secondaries Investor report. Charterhouse IX investments that are yet to be fully realised include Bartec, Skillsoft, Nuova Castelli, Mirion Technologies and Comexposium, according to Unquote Data.
The Secondaries Investor report said that the fund has made eight exits for a gross multiple of 2.9x.
Charterhouse declined to comment.
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