Aberdeen SVG in double fund-of-funds close

The latest fund-of-funds, Aberdeen SVG Private Equity Fund of Funds (ASPEFoF), will hold a final close by June 2015.

The €120m feeder fund, Aldwych Capital Partners (ACP), will invest solely in vehicles managed by The Carlyle Group.

Investments
ASPEFoF will make 10-15 commitments to buyout vehicles, retaining the ability to make small allocations to venture, debt or special situations funds. Secondaries opportunities will also be considered. 

ACP will purchase interests in two existing, fully invested, Carlyle funds. The investor will make a commitment to a new buyout fund managed by the GP. As part of the structuring, Aberdeen SVG has also arranged a five-year bank facility totaling €35m.

Investors
LPs in the ASPEFoF vehicle include previous backers of Aberdeen SVG vehicles, including European and UK pension funds, high-net-worth individuals and family offices.

People
Lynn Fordham is chief executive of Aberdeen SVG, with Guy Eastman as chief investment officer.

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