Five Arrows Secondary Opportunities V has exceeded its initial target of €700m
Rothschild & Co has raised €1bn for its latest fund focusing on general partner-led deals in the European small and mid-market.
Five Arrows Secondary Opportunities V has exceeded its initial target of €700m, attracting a global group of institutions, corporations, family offices and entrepreneurs.
The fund has already made four deals, and is now more than 30% committed. The fundraising brings the total assets under management at Rothschild to €13bn across corporate private equity, senior and junior credit, primary and secondary fund investing, as well as co-investments.
The firm’s previous fund, Five Arrows Secondary Opportunities IV closed in 2016 raising €451m. It made 15 investments and has distributed more than 40% of the capital funded to date, Rothschild said in a statement.
“The secondary direct market continues to grow strongly with the need for ever more sophisticated solutions for complex needs,” said Mireille Klitting, managing partner. “FASO V is well-positioned to further capitalise on this opportunity due to the depth of our experience gained during more than 16 years in this market.”
The fund targets equity tickets of €10m to €100m per transaction, and can commit more in partnership with its limited partners.
Source: Financial News
Can’t stop reading? Read more
Blackstone taps bond market as private credit BDCs end issuance drought
Blackstone taps bond market as private credit BDCs end issuance drought Blackstone's private...
EQT raises the stakes with revised $12.3bn bid for Intertek
EQT raises the stakes with revised $12.3bn bid for Intertek EQT has tabled an improved takeover...
Temasek’s Azalea bets on evergreen structure to democratise private equity access
Temasek's Azalea bets on evergreen structure to democratise private equity access Azalea, a unit...