Fundraising gets off to a stellar start for Euro Private Equity’s second fund devoted to secondary market deals and mid-market co-investment in Europe
Euro Private Equity, an affiliate of Natixis Investment Managers, returns to the market with Select Opportunities II, the second in its series of funds devoted to secondary market deals and mid-market co-investment in Europe.
Just a few months after fundraising started, Select Opportunities II has already attracted investment of almost €200 million, out of its €250 million target size and outstripping fund I, which amounted to €130 million.
This first stage of fundraising was a resounding success on the back of the continued trust of virtually all Select Opportunities I investors – especially long-standing sponsors and including Natixis in particular – as well as support from new investors, who alone account for 43% of funds raised. “During this round of fundraising, we also earned the confidence of new investors in Europe, as well as Asia, which accounts for 15% of funds raised so far as a result of support from Natixis Investment Managers’ local distribution teams” notes Caroline Gibert, who is in charge of fundraising at Euro Private Equity.
A unique investment goal that is proving its mettle
Select Opportunities I was launched in July 2014 with an ambitious investment goal, i.e. bring together secondary market deals and co-investment transactions to offer investors efficient access to European SMEs. “This combined investment approach aimed to make full use of two strategies that dovetail very neatly – maximising the IRR on secondary deals and the portfolio’s multiple on co-investment, while at the same time reducing the fund’s duration and the J curve” explains Eric Deram, Founder and Managing Partner at Euro Private Equity.
The results of this strategy speak for themselves, as four years after launch, Select Opportunities I has regularly been deployed, without displaying a J curve and with a net IRR higher than 20%, while the fund has also started redistributing significant amounts. “Our unique investment strategy meant we were able to ensure strong execution capabilities that are welcomed by the portfolio managers we work with, while also avoiding investment errors – we expect no capital losses across the 20 holdings in the portfolio” Eric adds.
Select Opportunities II will adopt the same strategy on the back of this initial success, and the first three investments have already been approved.
“Our singular investment strategy and our past results have clearly acted as winning arguments for our investors. We are confident that we can swiftly complete our fundraising, which has a strong international dimension both in terms of the new investors supporting us, and as regards the company’s overall expansion, but we’ll come back to that again in September…” concludes Eric Deram.
For Further Reading:
Note to the reader:
This press release does not represent an invitation to subscribe to Select Opportunities II titles. It aims to give general information about the evolution of the activities of the companies specified in this press release.
Select Opportunities II has been notified to the regulator in France, Switzerland and Luxembourg.
The Fund is subject to specific risks, including Liquidity, Diversification and Currency effect. An investor’s capital will be at risk; you may get back less than you invested.
Euro-PE Select Opportunities II is a closed-ended SICAV RAIF registered in Luxembourg and authorised by the CSSF, managed by Euro Private Equity France.
Euro-PE Select Opportunities I 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 specialises 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 customised 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 specialised 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 organised into four main business lines: Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialised 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
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
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
Just a few months after fundraising started, Select Opportunities II has already attracted investment of almost €200 million, out of its €250 million target size and outstripping fund I, which amounted to €130 million.
This first stage of fundraising was a resounding success on the back of the continued trust of virtually all Select Opportunities I investors – especially long-standing sponsors and including Natixis in particular – as well as support from new investors, who alone account for 43% of funds raised. “During this round of fundraising, we also earned the confidence of new investors in Europe, as well as Asia, which accounts for 15% of funds raised so far as a result of support from Natixis Investment Managers’ local distribution teams” notes Caroline Gibert, who is in charge of fundraising at Euro Private Equity.
A unique investment goal that is proving its mettle
Select Opportunities I was launched in July 2014 with an ambitious investment goal, i.e. bring together secondary market deals and co-investment transactions to offer investors efficient access to European SMEs. “This combined investment approach aimed to make full use of two strategies that dovetail very neatly – maximising the IRR on secondary deals and the portfolio’s multiple on co-investment, while at the same time reducing the fund’s duration and the J curve” explains Eric Deram, Founder and Managing Partner at Euro Private Equity.
The results of this strategy speak for themselves, as four years after launch, Select Opportunities I has regularly been deployed, without displaying a J curve and with a net IRR higher than 20%, while the fund has also started redistributing significant amounts. “Our unique investment strategy meant we were able to ensure strong execution capabilities that are welcomed by the portfolio managers we work with, while also avoiding investment errors – we expect no capital losses across the 20 holdings in the portfolio” Eric adds.
Select Opportunities II will adopt the same strategy on the back of this initial success, and the first three investments have already been approved.
“Our singular investment strategy and our past results have clearly acted as winning arguments for our investors. We are confident that we can swiftly complete our fundraising, which has a strong international dimension both in terms of the new investors supporting us, and as regards the company’s overall expansion, but we’ll come back to that again in September…” concludes Eric Deram.
For Further Reading:
This press release does not represent an invitation to subscribe to Select Opportunities II titles. It aims to give general information about the evolution of the activities of the companies specified in this press release.
Select Opportunities II has been notified to the regulator in France, Switzerland and Luxembourg.
The Fund is subject to specific risks, including Liquidity, Diversification and Currency effect. An investor’s capital will be at risk; you may get back less than you invested.
Euro-PE Select Opportunities II is a closed-ended SICAV RAIF registered in Luxembourg and authorised by the CSSF, managed by Euro Private Equity France.
Euro-PE Select Opportunities I 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 specialises 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 customised 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 specialised 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 organised into four main business lines: Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialised 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
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
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