Committed Advisors announces the final closing of its fifth secondary fund, Committed Advisors Secondary Fund V (the “Fund” or “CASF V”) with €2.6 billion of commitments.
Committed Advisors held a final close on CASF V with €2.6 billion of total commitments, surpassing its €2.4 billion target. Fund V is more than 65% larger than its 2020 vintage predecessor fund, reflecting the confidence and trust placed in Committed Advisors’ team by more than 230 investors, comprising sovereign funds, pension plans, endowments & foundations, financial institutions, family offices and sophisticated high net-worth individuals across Europe, North America, and the Asia Pacific region.
Having successfully raised CASF V, Committed Advisors is well positioned to capitalize on the substantial investment opportunity ahead, continuing to build on its long track record of delivering strong and consistent returns through economic cycles. The experienced team, now comprising 40 professionals, will continue to rely on its global network of relationships to identify transactions matching CASF V’s strategy focused on a variety of situations including portfolios of fund stakes, continuation funds and complex secondary transactions across Europe, North America and Asia Pacific.
Daniel Benin, Managing Partner, commented: “We extend our deepest gratitude to our long-term investors whose continued support has fueled our growth. We also kindly welcome aboard our 100 new limited partners joining us for our fifth fund. Since Committed Advisors’ inception, our investors have entrusted us with over €6.0 billion of commitments.”
J.B. Stock, Managing Partner, added: “The ongoing succession of macro and geopolitical challenges, dampening private equity liquidity to the lowest level since the Global Financial Crisis, is creating a record pipeline of opportunities and an attractive pricing environment for secondaries. CASF V has already capitalized on this environment by investing c. €1 billion to date with a meaningful built-in gain.”
Guillaume Valdant, Managing Partner, stated: “In this volatile environment, our experienced team will maintain its highly disciplined approach to portfolio construction, focusing on quality, resilient and diversified assets. We are confident this strategy will allow us to keep delivering strong performance for our investors, without using any leverage.”
Barthelemy de Beaupuy, Managing Partner, concluded: “We are also happy to report that, in connection with the final closing of CASF V, our two most tenured investment team members, Alexis Ruiz and Adrian Yap, are joining the four founders in the management company partnership, rewarding their longstanding loyalty and exceptional contribution since CASF I.”
Adrian joined Committed Advisors in 2011 and is currently co-heading the Singapore Office, overseeing Asian opportunities alongside Barthelemy de Beaupuy. Alexis joined as an Analyst in 2011 in the Paris Office, and is relocating to the US to co-head the New York Office alongside J.B. Stock. Committed Advisors remains fully independent and 100% owned by its founders and partners.
Like its predecessor funds, Committed Advisors Secondary Fund V is dedicated to acquiring primarily mature private equity assets in North America, Europe and emerging countries in the small and mid sized segments of the private equity secondary market. It acts as a provider of liquidity in “GP led” and spinout transactions as well as to owners of fund interests and/or portfolios of direct holdings in private companies via tailor-made transactions typically ranging from €10 million to €100 million in size. Committed Advisors is also active in primary and early secondary opportunities, as well as co investments alongside managers in its portfolio. Its core focus is on transactions where underlying assets are in the buy-out and growth equity area, yet it retains the ability to address opportunities in the distressed, turnaround, venture capital and sector-specific spaces.
For media enquiries, please contact Daniel Benin, Managing Partner on +33 1 72 28 35 31.
About Committed Advisors
Founded in 2010, Committed Advisors is an independent private equity investment manager with €6.0 billion of assets under management. The company is headquartered in Paris, France with affiliate offices in New York, USA and Singapore. The team comprises 40 professionals including founding managing partners Daniel Benin, Barthelemy de Beaupuy, J.B. Stock and Guillaume Valdant.
Committed Advisors SAS is regulated by the French financial market supervisory authority (Autorité des marchés financiers).