Paris-based Committed Advisors, a private equity investment manager, has raised its third secondary fund at a hard cap of 1 billion euros, beating its original target of 750 million euros. The fund’s limited partners include pension plans, financial institutions, family offices and high net-worth individuals across Europe, North America and the Asia-Pacific region.
Paris, 5 April 2017 – Committed Advisors is pleased to announce the final closing of its third fund, Committed Advisors Secondary Fund III (the “Fund”) with €1025 million of commitments at its hard cap.
The Fund initially targeted to raise €750 million and was significantly oversubscribed. Investors encompass pension plans, financial institutions, family offices and sophisticated high net-worth individuals across Europe, North America and the Asia-Pacific region.
Daniel Benin, Managing Partner commented: “The entire team is grateful to our long-term investors for their continued support and kindly welcomes aboard the new limited partners joining us for the third fund. We look forward to carrying-out our steadfast investment strategy focused on global mid-market secondaries bringing valuable liquidity solutions to owners and managers of private equity assets around the world.”
The Fund is the successor to Committed Advisors Secondary Fund I and II, closed in June 2011 with €257 million of commitments, and in July 2014 with €504 million of commitments, respectively. Both predecessor funds are now fully invested in over 50 transactions.
Like its predecessors, Committed Advisors Secondary Fund III is dedicated to acquiring primarily mature private equity assets in North America, Europe and emerging countries in the small- and mid-sized segments of the private equity secondary market. It acts as a provider of liquidity to owners of fund interests and/or portfolios of direct holdings in private companies via tailor-made transactions ranging from €1 million to €100 million in size. Committed Advisors is also active in primary and early-secondary opportunities, and co-invests alongside managers in its portfolio.
Its core focus is on buy-out and growth equity assets, yet it retains the ability to address opportunities in the distressed, turnaround, venture capital and sector-specific spaces.
About Committed Advisors
Founded in 2010, Committed Advisors is an independent private equity investment manager headquartered in Paris, France with affiliate offices in New York, USA and Singapore. The team comprises 16 professionals including founding partners Daniel Benin, Barthelemy de Beaupuy, J.B. Stock and Guillaume Valdant.
Committed Advisors SAS is regulated by the French financial market supervisory authority (Autorité des marchés financiers).