Access Capital Partners has raised 375 million euros for its ninth European growth buyout fund of funds. The target of Access Capital Fund IX Growth Buyout Europe is 800 million euros. The fund will focus on primary fund commitments and secondary transactions in smaller European buyout funds.
European Private Assets specialist Access Capital Partners (“Access”) is delighted to announce the first closing of Access Capital Fund IX Growth Buy-out Europe (“ACF IX GBO” or the “Fund”), securing €375 million of commitments from existing investors, out of an €800 million target size.
Pursuing the strategy of its predecessors, ACF IX GBO aims at constituting a well-diversified portfolio of primary fund commitments and secondary transactions in smaller European buy-out funds focusing on companies with attractive growth profiles, defensible market positions as well as a solid base for add-on acquisitions. This first closing consolidates Access’ position as the European market leader in “small cap” buy-out funds of funds.
The Fund will immediately start to deploy capital with a first primary fund commitment and one secondary transaction.
Access’ Managing Partners, Agnès Nahum and Philippe Poggioli commented: “This is another significant milestone in the growth of our buy-out funds of funds business line. It highlights the ongoing support of our Investors who continue to place their trust in Access’ consistent focus and leadership at the smaller end of the buy-out market”.
Thanks to a rigorous selection process, stringent risk assessment and heightened focus on defensive sub-sectors, underpinned by long-term trends, Access’ funds of funds are designed to withstand a variety of adverse macroeconomic scenarios and have historically demonstrated solid performance resilience in challenging conditions. The lead investor position that Access has built over time with fund managers by committing on average one third of the capital they raise fosters strong governance and alignment of interests, to enhance value creation and to mitigate potential risks.
As with its previous generations of funds of funds and in line with its commitment to the UN Principles for Responsible Investment (UNPRI) and in compliance with the new regulations, Access integrates Environmental, Social and Governance (ESG) criteria throughout the investment cycle.
ABOUT ACCESS CAPITAL PARTNERS
Established in December 1998, Access Capital Partners is an independent Private Assets manager, majority owned by its management. With offices in six European countries and aggregate historical investor commitments of €13 billion, Access’ integrated expertise offers exposure to growth investments, smaller buy-outs, infrastructure, and private debt through funds of funds, direct & co-investment funds and customized client solutions. The team is fully committed to integrating Environmental, Social and Governance best practices into its investment strategies, acknowledging that a responsible investment approach partially mitigates investment risk and enhances long term returns.