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Committed Advisors closes début secondaries fund on €257m

8 Jul 2011

Paris private equity firm Committed Advisors has closed its debut fund, a secondaries vehicle targeting mature private equity assets, on €257m.

Originally targeting €200m – €250m, the fund attracted commitments from endowments, family offices, financial institutions and high net worth individuals.

Managing partner Danel Benin said, “We are delighted with the closing of our first fund. We exceeded the upper end of the targeted range despite a deliberately reduced fundraising period. Achieved size will enhance the fund’s capacity to deliver on its small and mid-market secondary investment strategy.”

Its primary focus is on buy-out and growth equity assets, but may also acquire opportunities in the distressed, turnaround, venture capital and sector-specific spaces. According to Committed Advisors, the fund has already closed eight transactions since launch in August 2010, with another two pending.

Founded in 2010, Committed Advisors is an independent private equity investment manager headquartered in Paris, France with a regional office in Sydney, Australia.

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