
Committed Advisors hits €500m for secondaries fund
Committed Advisors has closed its second fund, Committed Advisors Secondary Fund II, on its €500m hard-cap.
The fund initially targeted €400m. It succeeds Committed Advisors Secondary Fund I, which reached a final close on €257m in July 2011 – it has since made 27 investments.
Investors
Committed Advisors Secondary Fund II attracted investment from endowments, family offices, pension plans, financial institutions and high-net-worth individuals.
Investments
The fund has already made nine transactions since it launched at the end of last year. The vehicle seeks secondary stakes in mature private equity assets in the US, Europe and emerging markets.
It focuses on small and mid-sized funds, primarily in the buyout and growth equity space. It will also consider distressed, turnaround, venture capital and sector-specific opportunities. Ticket sizes will range from €1-75m.
People
Daniel Benin and Barthelemy de Beaupuy are managing partners of Committed Advisors.
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