The fund wil invest in North American and European venture capital firms.The objective of the fund is to channel investment into a diversified portfolio of private equity funds with a value of more than €500 million, operating in the mid and upper mid market, with a common focus on the pursuit of buyout strategies and the necessary tools to deal with the current macroeconomic environment.
The €100 million investment, the target size of the fund, will be spread across 10-15 high quality underlying funds that will provide exposure to a large number of companies across a range of sectors and geographic locations, while seeking a balance of exposure between Europe and North America. However, the investment strategy will eventually become global in scope as it may be extended to entities based in countries outside Europe and North America when the nature of these firms and circumstances are appropriate.
The fund has been established for an estimated total duration of 10 years from final closing, but may be extended at A&G’s discretion for three successive periods of one year each. In this way, and after 35 years of history, A&G Banca Privada takes a further step towards consolidating its leadership in advising clients on alternative investments.
The Cuatrecasas team involved in the transaction was led by partners Paz Irazusta and Jorge Canta, who were assisted by lawyers Carlota Barrio, Carlos Posadas and Juan M. Navajas.
