The Edmond de Rothschild is looking to bolster its private equity offer, with the objective of increasing assets under management by more than 50 per cent over the next two years.
As part of this strengthened commitment to private equity, the Group is launching ERES III, a new fund dedicated to global growth strategies, in the coming weeks. The Group’s ambition is to raise EUR250-300 million, compared to a total of EUR320 million raised for ERES I and ERES II.
Additional funds currently being raised, including China 2, Ginko 22 and TIIC 22. Other fund-raisings in the Cabestan, BioDiscovery and Amethis2 franchises are expected in 2016.
The firm has also made two appointments to strengthen the private equity team and to achieve its ambitious objectives:
David Chamberlain joins the group as Head of Investor Relations for Private Equity. He will manage and coordinate fund raisings for all of the Group’s private equity funds, working with both the private equity fund managers and the Group’s asset management, senior banker and private banking teams.
Jean-François Félix joined the Edmond de Rothschild Group on June 1st, 2015 as Associate Director and Head of the Edmond de Rothschild Europportunities (ERES) franchise, a global growth strategies fund investing globally in a number of major international consortiums. Working with the existing investment team, he is in charge of fundraising and the development and evaluation of investment opportunities and operations.
Ariane de Rothschild (pictured), Chairwoman of the Executive Committee at the Edmond de Rothschild Group and chairwoman of Edmond de Rothschild Private Equity’s Board of Directors, says: “Private Equity is a strategic future growth area for us, and already at the very heart of our business. The Edmond de Rothschild Group remains one of the rare banking institutions to have kept Private Equity in-house. Our Private Equity practice demonstrates the Group’s approach as a committed investor for the long term. These investments are essential as they enable us to explore new territories and fund future growth areas, while ensuring that the interests of our Group, partner teams and investors are fully aligned.”
