The Goodwin Paris Private Investment Funds team assisted Committed Advisors in raising its fourth fund, Committed Advisors Secondary Fund IV, which has reached its hard cap with €1.6 billion of commitments.
The Fund, which initially aimed to raise €1.25 billion, was significantly oversubscribed. Investors include pension plans, financial institutions, family offices and sophisticated high-net-worth individuals across Europe, North America and the Asia-Pacific region.
The Fund is the successor to Committed Advisors Secondary Fund III, which closed in April 2017 with €1 billion of commitments. Like its predecessors, CASF IV 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 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.
The Goodwin team was led by partner Arnaud David and included Marie-Laure Bruneel, Brynn Peltz, William Weiss and Todd Pollock.