Unigestion Holds Final Close For €255M Direct Opportunities Fund

Jul 5 2017 | 9:58pm ET

Boutique asset manager Unigestion has held a final close for its latest direct opportunities fund, raising €255 million in capital commitments and comfortably surpassing its original €200 million target.

The new fund, named Unigestion Direct Opportunities 2015, attracted strong investor support from both new and existing clients including insurers, pension funds, banks and family offices across the UK, mainland Europe and Asia, Unigestion said in a statement.

The company has already completed four transactions from the new fund, which will focus on investments into small and mid-sized private companies globally where growth is driven by specific long-term trends rather than GDP, and are thus is resilient to short term economic downturns or shocks.

“Exceeding our target…by over €50 million is a key achievement for our direct private equity offering and demonstrates the strong and continued investor appetite for our investment process and strategy,” said Paul Newsome, co-head of investments, private equity, for Unigestion. “By targeting small and mid-market companies that operate in attractive sectors where growth is uncorrelated to macro-economic conditions, we are convinced that we will deliver robust returns for our clients.”

Founded more than 40 years ago, Geneva-based Unigestion manages approximately $23 billion across equity, multi asset investing, private equity and alternatives solutions for institutional and high net worth investors.

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