UBS Asset Management (UBS-AM) Real Estate & Private Markets (REPM) has completed its fourth private equity growth strategy (PEG IV), with investor commitments totalling EUR384 million.
This has seen PEG IV surpass its predecessor strategy, PEG III, which closed at EUR306 million, reflecting strong investor interest despite the fundraising-challenges posed by Covid-19. PEG IV’s success has been accompanied by the closing of additional single investor mandates following the same investment strategy.
PEG IV is already invested in a range of primary fund commitments as well as several transactions, including eight secondaries and three co-investments, helping to accelerate portfolio build-up and lift performance.
Alongside the record close of PEG IV, UBS-AM REPM is also planning to launch the fifth strategy of this kind, PEG V, in Q2. As with previous PEG strategies, investors will be able to select a globally diversified portfolio, but they will also have the option to invest in sleeves for a “pure play” geographical exposure in either North America, Europe or Asia-Pacific.
