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Unigestion announces closing of Secondary Opportunity Fund II

Unigestion, a leading privately owned asset manager with EUR 8.1 billion (USD 11.5 billion) of assets under management, announces the final closing of the Unigestion Secondary Opportunity Fund II at EUR 190 million, above its original target of EUR150 million, and the first closing in June of the Unigestion – Ethos Environmental Sustainability Fund.

Unigestion Secondary Opportunity II, which is already well over 50% invested, takes advantage of a window of opportunity created in 2009 to acquire private equity assets below their intrinsic value. It targets small and mid-sized transactions in the EUR 3 to 20 million range, which are typically less competitive than the larger transactions. Unigestion Secondary Opportunity II invests in high quality funds run by highly regarded private equity managers well known to Unigestion through its primary investment activity. This focus allows Unigestion to price funds with insight, mitigate manager risk and accelerate the acquisition process due to the established relationships with the underlying managers. Seeing strong deal flow from banks, family offices and other sellers, the fund has already deployed capital into 13 European and US private equity funds.
Additionally, the Unigestion-Ethos Environmental Sustainability Fund will hold its first closing in June 2011. The fund will invest in 12 to 14 private equity funds that are active in the most promising environmental sustainability sub-sectors (including energy efficiency, alternative energy production, water treatment and pollution control).  Companies in these fast growing industries require both, capital and hands-on ownership and will therefore benefit from private equity funding.  Combining the expertise of Unigestion, Ethos (a Swiss Foundation for Sustainable Development) and a Strategic Committee* of sustainability experts, the fund will implement responsible investment processes that promote engagement with general partners and provide transparency to investors. 

Hanspeter Bader, Managing Director of Unigestion’s Private Equity activities, says: “We are very pleased with the investment progress of our Secondary Opportunity Fund. Over the last 18 months, we have been able to identify and acquire, in mostly non–auctioned processes, private equity funds at an inflection point of their value development.  We believe that our primary investment expertise is a great value added in accessing and executing such transactions. Global economic, social and political developments have also created excellent conditions for our Environmental Sustainability fund of funds to offer superior long-term returns to investors in one of the world’s fastest growing market segments.” 

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