Press Release November 30, 2020
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Goodwin Advises Committed Advisors On Fundraising For Committed Advisors Secondary Fund Iv

Goodwin Conseille Committed Advisors Dans Le Cadre De La Levée Du Fonds Committed Advisors Secondary Fund Iv

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.

L’équipe Private Investment Funds de Goodwin à Paris a accompagné Committed Advisors dans le cadre de la levée de son quatrième fonds Committed Advisors Secondary Fund IV, qui a atteint son hard cap avec 1,6 milliard d’euros d’engagements.

Le Fonds qui visait initialement de lever 1,25 milliard d’euros a été significativement sursouscrit. Les investisseurs comprennent des fonds de pension, des institutions financières, des family offices et des clients privés d'Europe, d'Amérique du Nord et de la région Asie-Pacifique.

Le Fonds est le successeur de Committed Advisors Secondary Fund III qui a levé 1 milliard d’euros en avril 2017. CASF IV s’inscrit dans la même stratégie d’investissement que son prédécesseur, à savoir, principalement, des transactions secondaires sur des actifs de capital investissement matures en Amérique du Nord, en Europe et dans les pays émergents sur le segment small et mid-sized. Il offre de la liquidité aux détenteurs de parts de fonds et/ou de portefeuilles de participations non cotées par le biais de transactions ad-hoc dont la valeur est comprise entre 10 et 100 millions d'euros. Committed Advisors est aussi actif en primaire et en co-investissement aux côtés des gérants de son portefeuille. Le fonds a principalement pour vocation de financer des opérations sur des actifs sous-jacents de capital-transmission et de capital développement tout en conservant la capacité d’intervenir dans les domaines du retournement, de la dette décotée, du capital-risque et des fonds sectoriels.

L’équipe Goodwin était composée d’Arnaud David, Oana Oprean, Sébastien Clisson, Marie-Laure Bruneel, Brynn Peltz, William Weiss et Todd Pollock.