Mourant has advised private investment house and longstanding client, Ardian, on its eighth-generation secondaries fund. The platform has attracted USD19 billion of commitments from investors globally.
Launches & Fundraising
Unigestion, an independent specialist asset manager, has completed the third closing of its direct investment vehicle, Unigestion Direct II, taking the total size of the programme to EUR375 million (EUR600 million final target size).
Andera Partners has completed the single closing of its ActoMezz IV sponsorless mezzanine fund, exceeding its initial hard cap of EUR500 million.
Well-known Irish figures including former Taoiseach Enda Kenny, Guinness family head Lord Iveagh and U2 band members Adam Clayton and The Edge are among a wide-ranging line-up of advisors and investors in a new ‘Impact Ireland’ fund launched by Dublin-based venture private equity investor VentureWave Capital.
BNP Paribas Asset Management (BNPP AM) has held a close of the BNP Paribas Euro SME Debt Fund II (‘Fund II’) with total capital commitments of EUR576.5 million.
eQ Asset Management has on 22 June 2020 closed eQ PE XII North at EUR190 million. Fund raising was launched in January 2020.
Italian investment banking and asset management group Mediobanca is launching a new private markets fund aimed at Italian private clients, aiming to offer a diversified strategy that will seek to exploit opportunities arising from the economic and financial dislocations caused by Covid-19.
Sherpa Capital, an Iberian private equity manager specialising in medium-sized companies, has reached a final close of EUR120 million for its new fund Sherpa Special Situations III, the fourth of the firm after the special situation vehicles Sherpa Capital I and II, and the Sherpa Capital Private Equity fund, which acquires stakes in profitable and growing companies.
MAPFRE teams with Abante and Altamar to launch new ‘evergreen’ co-investments PE fund of funds vehicle
Spanish insurance group MAPFRE has taken a significant step forward in its growing commitment to alternative investments with the launch of a private equity fund of funds that is open to co-investments from other institutions.
Alternative investment manager Ares Management Corporation (Ares) has held the final closing of its Ares Special Opportunities Fund, which was significantly oversubscribed with over USD3.5 billion of commitments relative to its USD2.0 billion target.