PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

UBS AM holds first close of fifth multi-manager PE growth strategy at €265.8m

UBS Asset Management Real Estate & Private Markets has held the first close of its fifth private equity growth strategy, with investor commitments totaling €265.8 million, despite fundraising headwinds arising from the “challenging macroeconomic environment”.

UBS Asset Management Real Estate & Private Markets has held the first close of its fifth private equity growth strategy, with investor commitments totalling €265.8 mn, despite fundraising headwinds arising from the “challenging macroeconomic environment”.

The predecessor strategy closed in January 2022 with €384 mn in commitments.
 
Currently, the strategy is invested in a range of primary fund commitments as well as several transactions, including a number of private equity secondaries and has several co-investments in the pipeline, accelerating portfolio build-up and lifting performance. The strategy is targeting almost 50% of the portfolio to be invested in private equity secondaries and co-investments.
  
As with the prior strategies, investors will be able to select a globally diversified portfolio, but also have the option to invest in sleeves for a “pure play” geographical exposure in either North America, Europe or Asia-Pacific. Investors in the European sleeve will obtain an SFDR Article 8 sustainable strategy whereas investors in the global, North American and APAC sleeves will obtain SFDR Article 6 compliant strategies.
 

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured