Access Capital gets private equity mandate from Germany’s largest public pension

Access Capital Partners has received a private equity mandate from Bayerische Versorgungskammer (BVK), Germany’s largest pension fund. Access will work on primary and secondary investments in European small buyout and growth funds as well as later stage technology funds. BVK is working to reduce the number of relationships in its portfolio to a limited number of specialized managers, who will get larger allocations.

Press Release

Access Capital Partners (Access), the European manager of specialized funds in Private Assets, has been awarded a mandate for primary and secondary investments in European smaller buy-out and growth funds as well as later stage technology funds by Bayerische Versorgungskammer (BVK), Germany’s largest pension fund.

This mandate comes after repeat investments from BVK in Access’ funds since 2007 and a close working relationship over the years between BVK’s Alternative Investment team and Access. The firm was selected as part of BVK’s strategy to reduce the number of relationships to a limited number of key specialized managers and give them larger allocations for the period 2014-17.

Christian Bonnet, Portfolio Manager at BVK comments: “We are very pleased with the excellent working relationship we have built with the Access team over the years. Through Access we gain continuous access to attractive investment opportunities in the less visible parts of the European private equity market, where alignment of interest is the strongest between investors and the smaller businesses they help to grow”.

Philippe Poggioli, Managing Partner at Access adds: “We are very pleased that BVK has chosen to significantly enlarge the scope of the mandate that we carry out on their behalf and we are particularly happy to work in an even closer partnership going forward with BVK’s team”.

Access and BVK are both signatories of the Principles for Responsible Investing (PRI), and Access has developed over the past five years a rigorous approach to integrate Environment, Social and Governance (ESG) principles across its investment and monitoring processes.

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About Access Capital Partners

Access Capital Partners (www.access-capital-partners.com) is an independent European manager and advisor of funds of funds, co-investment funds and segregated accounts investing exclusively in the key economies of Western Europe. Its products and services encompass, on a mutually exclusive basis, private equity, private debt and infrastructure. Each business line offers investors exposure to primary and secondary fund commitments and co-investment opportunities with its general partners in selected opportunities.

Access currently employs 53 people, has offices in Paris, Brussels, London, Helsinki and Munich, and manages €5.3 billion on behalf of pension funds, insurance companies, wealth managers and family offices.

For more information, please contact:
Managing Partners: Agnès Nahum, Philippe Poggioli
Tel.: +33 (0) 1 56 43 61 00
Email: agnes.nahum@accesscp.com & philippe.poggioli@accesscp.com

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About BVK

Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany´s largest pension scheme group under public law. It is the joint executive body of twelve liberal professions´ and communal pension schemes. Bayerische Versorgungskammer covers about 1.9 million insured persons in total, with contributions of € 4 billion and €2.6 billion pension payments annually. It currently has €58 billion assets under management and 1,200 employees.

More information on www.versorgungskammer.de