European fund of funds firm Access Capital Partners has been awarded a mandate for primary and secondary fund investments by Germany’s largest pension fund.
Access will make smaller buyout, growth and later-stage technology fund investments on behalf of Bayerische Versorgungskammer (BVK) as part of the agreement.
This mandate comes after repeat investments from BVK in Access’ funds since 2007 and a close working relationship over the years with BVK’s alternative investment team, the firm said.
It added that Access was selected as part of BVK’s strategy to reduce the number of relationships to a limited number of key specialized managers and give them larger allocations for the period 2014-17.
BVK portfolio manager Christian Bonnet said, “We are very pleased with the excellent working relationship we have built with the Access team over the years.
“Through Access we gain continuous access to attractive investment opportunities in the less visible parts of the European private equity market, where alignment of interest is the strongest between investors and the smaller businesses they help to grow”.
Last month European private equity major Pantheon secured an investment mandate from BVK.
The investment programme will be focused on primary buyout, growth equity and venture capital funds in mature markets in North America, Europe and Australia and growth markets in Asia, Latin America and Africa.
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