Arcano closes €450m secondaries fund

Spain’s Arcano has closed a secondaries fund on €450m, exceeding its €300m target. The vehicle received commitments from institutional and private banking investors across Europe and Latin America.

The fund is the fourth specifically dedicated to completing secondary market transactions and direct coinvestments in companies, the latter representing at most 20% of the program.

ASF XIV focuses on completing investments in the middle market segment in Europe and the United States, in assets operating in defensive sectors with resilient business models.

With ASF XIV, Arcano seeks to build on its experience of more than 12 years in secondaries and coinvestment. The fund has an expected return of 15% IRR 

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Arcano Partners is an independent firm with more than 19 years of experience in international financial advisory and asset management. The company’s strategy is focused on maximizing value creation for clients while seeking to increase the positive impact on society and the development of a more sustainable world.

Alternative Asset Management: for institutions, private banks, with more than €7bn managed and advised since the inception in 2006, providing investors access to the alternative market in six asset classes: Private Equity, Credit Strategies, Real Estate, Sustainable Infrastructure, Venture Capital, and Asset & Capital Finance,, with a strong focus on sustainability and responsible investment.

Source: Pitchbook

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