AGF launches fourth fund

French fund-of-funds manager AGF Private Equity has launched its fourth fund-of-funds AGF Private Equity Holding Europe IV. The fund celebrated a first closing in March on €100m and has a target of €250m.

The fund will provide exposure to top European private equity funds of which the majority will be LBO funds and up to 20% will be invested in venture funds. Around 605 will be invested in primary fund investments and 40% in secondary transactions and co-investments in buyouts.

AGF Private Equity manages an investment portfolio of over €1bn for institutional and private investors and has committed €900m in around 60 funds primarily in Europe.marily in Europe.