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
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