Slideshow: European Fund-of-Funds Build Up U.S. Offices


One thing is for sure among European managers of funds of funds: A U.S. presence is a must-have if you want to assert yourself as a global player and have credibility with your investors.

This seems to count for both the veteran giants with tens of billions in their coffers–firms such as Netherlands-based AlpInvest, UK-based Pantheon and Swiss-based Partners Group–as well as the more modest players with single figure billions under management such as Swiss-based Adveq and CapVent. One of the most recent to open an office here is London-based Hermes GPE, which in July announced the opening of its Boston outlet.

All told, 28 funds-of-funds managers based in Europe have a U.S. office, out of a total 115 such managers registered in Europe, according to research from data provider Preqin.

Click through to see a slideshow showcasing some of the most prominent European-based fund-of-funds that have a strong US presence, ranked by assets under management.

Angela Sormani is a London-based correspondent for peHUB and sister magazines Buyouts and Venture Capital Journal.

[slideshow]

[slide title=”CapVent”]

US Location: Chicago
Headquarters: Zurich, Switzerland
Other offices: India (Bangalore, Mumbai, Panaji); China (Shanghai)
Funds Under Management: US$1.1bn, of which $417m is US commitments
Investment strategy: Institutional private equity fund and direct co-investor with European, US and emerging Asia focused investment programs
Contact: Eric Oberfield, vice president
Tel: (312) 445-6277

[slide title=”Golding Capital Partners”]

US Location: San Francisco
Headquarters: Munich, Germany
Other offices: Luxembourg
Funds Under Management: 1.8 billion euros (US$2.4 billion)
Investment strategy: Invests in funds with a regional focus on Europe, US and Asia covering buyouts, mezzanine and venture capital
Contact: Jeremy Golding, managing director
Tel: +49 89 41999710
Email: [email protected]

[slide title=”Quilvest Private Equity”]

US Location: New York
Headquarters: Paris, France
Other offices: Dubai, Hong Kong, London, Luxembourg, Zurich
Funds Under Management: US$4 billion
Investment strategy: Private equity, venture capital, real estate, emerging markets, energy
Contact: Contact: Nadine Koniski-Ziadé
Tel: +33 1 40 62 07 62
Email: [email protected]

[slide title=”Adveq”]

US Location: New York
Headquarters: Zurich, Switzerland
Other offices: Beijing, Frankfurt
Funds Under Management: US$4.3 billion, of which over half are US commitments
Investment strategy: Adveq Technology (US early stage technology); Adveq Europe (European buyouts); Adveq Opportunity (small-mid-sized turnaround and buyout opportunities in the US); Adveq Asia (Asian fund managers); Adveq Secondaries (secondaries funds covering a full range of geographical regions and investment strategies
Contact: Lee Gardella, managing director
Tel: +1 (212) 488 5330
Email: [email protected]

[slide title=”SVG Advisers”]

US Location: Boston
Headquarters: London, UK
Other offices: Singapore
Funds Under Management: 3.3 billion euros (US$4.4 billion), of which 40% are US commitments
Investment strategy: Private equity fund management and advisory business providing access to the asset class through a range of fund of funds.
Contact: Marc Bonavitacola, head of US private equity
Tel: +1 617 292 2550

[slide title=”Arcano Group”]

US Location: New York
Headquarters: Madrid, Spain
Funds Under Management: 3.5 billion euros (US$4.7 billion)
Investment strategy: Primary and secondary investments in private equity funds, direct co-investments and distressed private equity.
Contact: Philip Boole, partner, investor relations, North America
Email: [email protected]

[slide title=”SL Capital Partners”]

US Location: Boston
Headquarters: Edinburgh, UK
Other offices: Beijing, China
Funds under management: 5.3 billion euros (US$7 billion) of which 10% is US assets
Investment strategy: Focus on commitments to buyout funds and also some direct investments as well as selective commitments to secondary funds
Contact: David Currie, CEO, private equity
Tel: +44 (0) 131 245 0055

[slide title=”Hermes GPE”]

US Location: Boston
Headquarters: London, UK
Other offices: Singapore
Funds Under Management: 5 billion pounds (US$7.7 billion), of which US$1 billion are US-based assets
Investment strategy: Private equity fund manager for institutional investors and pension funds worldwide
Contact: Delaney Brown, head of the Americas
Tel: +44 (0) 20 7680 3880

[slide title=”DB Private Equity”]

US Location: New York
Headquarters: London, UK
Other offices: Cologne, Germany, Singapore
Funds Under Management: US$8 billion
Investment strategy: Primary and secondary fund investments and direct co-investments for institutional investors worldwide
Contact: Colleen Sellers, managing director, New York, head of private client relations
Tel: +1 212 454 7241
Email: [email protected]

[slide title=”LGT Capital Partners”]

US Location: New York
Headquarters: Pfäffikon, Switzerland
Other offices: Dublin, London, Hong Kong, Tokyo
Funds Under Management: US$16 billion
Investment strategy: Funds cover a range of investment strategies including European, US and Asian buyout and venture capital, special situations and secondaries.
Contact: Roberto Paganoni, partner, CEO
Tel: +41 55 415 96 00

[slide title=”Altius Associates”]

US Location: Richmond, Virginia
Headquarters: London, UK
Other offices: Singapore
Funds Under Management: US$18 billion
Investment strategy: Customized discretionary and non-discretionary mandates for institutional clients; private equity fund-of-funds vehicles covering Europe, North America, Australia and Asia
Contact: Brad Young, partner and head of the Americas
Tel: +1 804 282 9000
Email: [email protected]

[slide title=”Capital Dynamics”]

US Location: New York, Silicon Valley
Headquarters: Zug, Switzerland
Other offices: Birmingham (UK), Hong Kong, London,Munich, Sao Paolo, Tokyo, Zurich
Funds Under Management: US$21.5 billion
Investment strategy: Primary, secondary and real estate fund of funds with a global allocation strategy
Contact: Thomas Kubr, managing director and chief executive
Tel: +41 41 748 84 44

[slide title=”Pantheon”]

US Location: New York, San Francisco
Headquarters: London, UK
Other offices: Hong Kong
Funds Under Management: US$24.3 billion, of which US$12.1 billion is US investments
Investment strategy: Private equity fund-of-funds manager that manages regional primary investments, global secondary and infrastructure investments and customized separate account programs
Contact: Susan Long McAndrews, partner, San Francisco
Tel: + 1-415-249-6200
Kevin Albert, global head of business development, New York
Tel: 1-212-205-2000

[slide title=”Axa Private Equity”]

US Location: New York
Headquarters: Paris, France
Other offices: Frankfurt, London, Singapore, Milan, Zurich and Vienna.
Funds Under Management: $28 billion of which 36% is US commitments
Investment strategy: The US office specializes in primary and secondary fund of funds.
Contact: Benoit Verbrugghe, senior managing director
Tel: +1 (212) 641 8601
Email: [email protected]

[slide title=”Partners Group”]

US Location: New York, San Francisco
Headquarters: Zug, Switzerland
Other offices: Beijing, Dubai, Guernsey, London, Luxembourg, Munich, Paris, Sao Paolo, Seoul, Singapore, Sydney Tokyo,
Funds Under Management: US$33.1 billion of which 40% is invested in North America
Investment strategy: Global primary and secondary fund investment and direct investments
Contact: Anna Hollmann
Tel: +41 (0)41 768 83 72

[slide title=”AlpInvest Partners”]

US Location: New York
Headquarters: Amsterdam, Netherlands
Other offices: Hong Kong
Funds Under Management: US$45 billion (excludes mandated but not yet activated funds) of which approximately 62% is allocated to the US
Investment strategy: Focused on global private equity fund investments, co-investments, secondary investments and mezzanine
Contact: Elliot Royce, managing partner, fund investments
Tel: +1 212 332 6276
Email: [email protected]

[/slideshow]

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