Committed Advisors closes third secondaries fund on €1bn

The fund targeted €750m, a significant increase from its second fund, which targeted €400m and closed on its hard-cap of €500m in mid-2014. Both predecessor funds are now fully invested in more than 50 transactions.

The strategy will follow the previous funds by focusing mainly on mature private equity assets in North America and Europe, and small and medium-sized investments in emerging markets.

Investors
The fund has secured commitments from around 60 investors including pension funds, financial institutions, family offices and private individuals from Europe, North America and the Asia Pacific region.

Investments
The fund will mainly focus on buyout and growth equity assets but also has the ability to invest in distressed, turnaround and venture capital opportunities. It will act as a liquidity provider to owners of fund interests as well as co-investing alongside managers. Transaction sizes will range from €1-100m. So far the fund is 10% invested in four transactions with two more pending, which will make it 15% invested.

People
Committed Advisors – Daniel Benin (managing director).

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