Committed Advisors, a Paris, France-based independent private equity investment manager, has closed its first secondary fund at €257m.
Limited partners of Committed Advisors Secondary Fund I, which initially targeted to raise €200m to €250m, include endowments, family offices, financial institutions and sophisticated high net-worth individuals.
After the closing of the fundraising process, the team will focus on investments and acquiring mature private equity assets in North America, Europe and Asia in the small and midsized segments of the private equity secondary market.
The fund acts as a provider of liquidity to owners of fund interests and/or portfolios of direct holdings in private companies via transactions ranging from €1m to €75m in size. Though its primary focus is on buy-out and growth equity assets, it also has an interest in addressing opportunities in the distressed, turnaround, venture capital and sector-specific spaces.
Launched in August 2010, the Fund has already closed eight transactions with another two pending.
Founded in 2010, Committed Advisors also has a regional office in Sydney, Australia. The team includes Daniel Benin, Barthelemy de Beaupuy, J.B. Stock and Guillaume Valdant.