Euro Private Equity closed the fundraising of the France Sélection III Fund reaching EUR 100 million target
Euro Private Equity, an affiliate of Natixis Investment Managers, closes the fundraising of the France Sélection III Fund meeting its EUR 100 million target amount.
On March 31, 2018, Euro-PE France Sélection III successfully closed its fundraising, reaching its target size of EUR 100 million. The Fund gathered close to 30 investors, primarily institutional investors (sovereign funds, banks, mutual and insurance companies). The Fund also attracted Family Offices and private clients, which represent 15% of the committed amount.
Euro-PE France Sélection III was launched in December 2016 with the help of its historical sponsors: Natixis, Natixis Assurances, Bpifrance and the European Investment Fund as part of the Juncker plan. Euro-PE France Sélection III’s goal is to contribute to the development of the French and European economies.
In parallel to the fund-raising, the investment team was very active and invested in a diversified and high-quality portfolio. As of the end of March, the Fund is nearly 55% invested, with nine primary funds, two co-investments and one secondary fund purchase. These investments have had a positive effect on the Fund’s J-curve, which is almost eliminated 18 months after the fund’s inception. In the next year to year and a half, seven to ten additional investments are to be selected among the best opportunities in order to finalise the construction of an already performing, diversified and resilient portfolio.
Going forward, Euro Private Equity will concentrate on fundraising for its second European Fund. Centred on secondary and co-investment operations, it targets a size of EUR 250 million.
Euro PE France Selection III is a closed-ended fund (with a legal status of French FPCI - Fonds Professional de Capital Investissement) managed by Euro Private Equity France.
This fund is currently closed to subscriptions.
About Euro Private Equity
Euro Private Equity (Euro-PE) – affiliate of Natixis Investment Managers – is a leading investment solutions provider in private assets with a global reach and a local footprint. It specializes in the selection of the best private equity, mezzanine and infrastructure fund managers. Euro-PE makes primary and secondary investments as well as coinvestments. Euro-PE’s expertise is distinguished by a high flexibility in building customized portfolios that are tailored to the unique needs and constraints of each individual investor whether institutional or private. The firm offers a large range of services from advising on private assets portfolio construction to the management of fully discretionary separate accounts funds of funds. Euro-PE currently manages €3.0 billion through a portfolio of more than 200 funds. It is a majority owned subsidiary of Natixis Investment Managers.
In France,
Euro Private Equity France is a French “Fund management company” that is a wholly-owned subsidiary of Euro Private Equity SA. It is fully covered by AIFM Directive. The transfer/distribution of this document in France is done by / under the responsibility of Euro Private Equity France.
About Natixis Investment Managers
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of 26 specialized investment managers globally, we apply Active ThinkingSM to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis ranks among the world’s largest asset management firms1 with more than $1 trillion assets under management2 (€818.1 billion AUM). Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France.
1 Cerulli Quantitative Update: Global Markets 2017 ranked Natixis Investment Managers (formerly Natixis Global Asset Management) as the 15th largest asset manager in the world based on assets under management as of December 31, 2016.
2 Net asset value as of March 31, 2018 is $1.008 trillion.
About Natixis
Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 31 million clients spread over two retail banking networks, Banque Populaire and Caisse d’Epargne. With more than 21,000 employees, Natixis has a number of areas of expertise that are organized into four main business lines: Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialized Financial Services. A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE’s banking networks. Listed on the Paris stock exchange, it has a solid financial base with a CET1 capital under Basel 3(1) of €11.7 billion, a Basel 3 CET1 Ratio(1) of 10.7 % and quality long-term ratings (Standard & Poor’s: A / Moody’s: A2 / Fitch Ratings: A).
(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise – without phase-in .Figures as at March 31, 2018.
About Natixis Assurances
Natixis Assurances devises and manages a comprehensive range of insurance solutions for retail and private-banking clients, professionals, companies, independent professionals, farmers and nonprofit organizations. A wholly-owned subsidiary of Natixis, the international corporate, investment, insurance and financial services arm of Groupe BPCE,Natixis Assurances distributes personal insurance products (life, estate planning, retirement, death-benefit, dependency and borrower insurance) and non-life insurance products (auto, home, health, accident & contingency, cellphone, legal protection, non-bank insurance, remote surveillance, professional liability insurance) through the Banque Populaire and Caisse d’Epargne networks. Natixis Assurances has 1,800 employees in 9 locations in France and 4.2 million clients.
About Bpifrance
Equity investment are operated by Bpifrance Investissement. Bpifrance, a subsidiary of the French state and the Caisse des Dépôts and the entrepreneurs’ trusted partner, finances businesses from the seed phase to IPO, through loans, guarantees and equity investments. Bpifrance also provides operational services and strong support for innovation, export, and external growth in parnertship with Business France. Bpifrance offers to businesses a large range of financing opportunities at each key step of their development, including offers adapted to regional specificities. With its 48 regional offices (90% of decisions are made locally) Bpifrance represents a strategic tool for economic competitiveness dedicated to entrepreneurs. Bpifrance acts as a back-up for initiatives driven by the French State and the Regions to tackle 3 goals:
About EIF
The European Investment Fund (EIF) is part of the European Investment Bank group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
RCS Paris n° 394 648 216
21 quai d’Austerlitz 75013 Paris France
www.im.natixis.com
Natixis
Limited liability company
Capital € 5 019 776 380,80
RCS Paris n°542 044 524
Regulated in France by the ACPR - Autorité de Contrôle Prudentiel et de Résolution
30, avenue Pierre Mendès-France
75013 Paris
www.natixis.com
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Copyright © 2018 Natixis Investment Managers S.A. – All rights reserved
On March 31, 2018, Euro-PE France Sélection III successfully closed its fundraising, reaching its target size of EUR 100 million. The Fund gathered close to 30 investors, primarily institutional investors (sovereign funds, banks, mutual and insurance companies). The Fund also attracted Family Offices and private clients, which represent 15% of the committed amount.
Euro-PE France Sélection III was launched in December 2016 with the help of its historical sponsors: Natixis, Natixis Assurances, Bpifrance and the European Investment Fund as part of the Juncker plan. Euro-PE France Sélection III’s goal is to contribute to the development of the French and European economies.
In parallel to the fund-raising, the investment team was very active and invested in a diversified and high-quality portfolio. As of the end of March, the Fund is nearly 55% invested, with nine primary funds, two co-investments and one secondary fund purchase. These investments have had a positive effect on the Fund’s J-curve, which is almost eliminated 18 months after the fund’s inception. In the next year to year and a half, seven to ten additional investments are to be selected among the best opportunities in order to finalise the construction of an already performing, diversified and resilient portfolio.
Going forward, Euro Private Equity will concentrate on fundraising for its second European Fund. Centred on secondary and co-investment operations, it targets a size of EUR 250 million.
This fund is currently closed to subscriptions.
About Euro Private Equity
Euro Private Equity (Euro-PE) – affiliate of Natixis Investment Managers – is a leading investment solutions provider in private assets with a global reach and a local footprint. It specializes in the selection of the best private equity, mezzanine and infrastructure fund managers. Euro-PE makes primary and secondary investments as well as coinvestments. Euro-PE’s expertise is distinguished by a high flexibility in building customized portfolios that are tailored to the unique needs and constraints of each individual investor whether institutional or private. The firm offers a large range of services from advising on private assets portfolio construction to the management of fully discretionary separate accounts funds of funds. Euro-PE currently manages €3.0 billion through a portfolio of more than 200 funds. It is a majority owned subsidiary of Natixis Investment Managers.
In France,
Euro Private Equity France is a French “Fund management company” that is a wholly-owned subsidiary of Euro Private Equity SA. It is fully covered by AIFM Directive. The transfer/distribution of this document in France is done by / under the responsibility of Euro Private Equity France.
About Natixis Investment Managers
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of 26 specialized investment managers globally, we apply Active ThinkingSM to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis ranks among the world’s largest asset management firms1 with more than $1 trillion assets under management2 (€818.1 billion AUM). Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France.
1 Cerulli Quantitative Update: Global Markets 2017 ranked Natixis Investment Managers (formerly Natixis Global Asset Management) as the 15th largest asset manager in the world based on assets under management as of December 31, 2016.
2 Net asset value as of March 31, 2018 is $1.008 trillion.
About Natixis
Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 31 million clients spread over two retail banking networks, Banque Populaire and Caisse d’Epargne. With more than 21,000 employees, Natixis has a number of areas of expertise that are organized into four main business lines: Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialized Financial Services. A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE’s banking networks. Listed on the Paris stock exchange, it has a solid financial base with a CET1 capital under Basel 3(1) of €11.7 billion, a Basel 3 CET1 Ratio(1) of 10.7 % and quality long-term ratings (Standard & Poor’s: A / Moody’s: A2 / Fitch Ratings: A).
(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise – without phase-in .Figures as at March 31, 2018.
About Natixis Assurances
Natixis Assurances devises and manages a comprehensive range of insurance solutions for retail and private-banking clients, professionals, companies, independent professionals, farmers and nonprofit organizations. A wholly-owned subsidiary of Natixis, the international corporate, investment, insurance and financial services arm of Groupe BPCE,Natixis Assurances distributes personal insurance products (life, estate planning, retirement, death-benefit, dependency and borrower insurance) and non-life insurance products (auto, home, health, accident & contingency, cellphone, legal protection, non-bank insurance, remote surveillance, professional liability insurance) through the Banque Populaire and Caisse d’Epargne networks. Natixis Assurances has 1,800 employees in 9 locations in France and 4.2 million clients.
About Bpifrance
Equity investment are operated by Bpifrance Investissement. Bpifrance, a subsidiary of the French state and the Caisse des Dépôts and the entrepreneurs’ trusted partner, finances businesses from the seed phase to IPO, through loans, guarantees and equity investments. Bpifrance also provides operational services and strong support for innovation, export, and external growth in parnertship with Business France. Bpifrance offers to businesses a large range of financing opportunities at each key step of their development, including offers adapted to regional specificities. With its 48 regional offices (90% of decisions are made locally) Bpifrance represents a strategic tool for economic competitiveness dedicated to entrepreneurs. Bpifrance acts as a back-up for initiatives driven by the French State and the Regions to tackle 3 goals:
- Contributing to SME’s growth
- Preparing tomorrow’s competitiveness
- Contributing to the development of a positive entrepreneur ecosystem
About EIF
The European Investment Fund (EIF) is part of the European Investment Bank group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
RCS Paris n° 394 648 216
21 quai d’Austerlitz 75013 Paris France
www.im.natixis.com
Natixis
Limited liability company
Capital € 5 019 776 380,80
RCS Paris n°542 044 524
Regulated in France by the ACPR - Autorité de Contrôle Prudentiel et de Résolution
30, avenue Pierre Mendès-France
75013 Paris
www.natixis.com
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Copyright © 2018 Natixis Investment Managers S.A. – All rights reserved