Access Capital Partners announces the final close of its 8th generation fund of funds at €814 million
Access Capital Partners reaches €814m for the final close of its flagship 8th generation European smaller growth & buy-out Fund of funds, reflecting the resilience and attractiveness of its market positioning during uncertain economic times
Access Capital Partners (“Access”), the European private assets specialist, is pleased to announce that it successfully completed the final closing of Access Capital Fund VIII Growth Buy-out Europe (“ACF VIII”) at €814 million, exceeding its original target of €700 million.
ACF VIII attracted strong investor support from both new and existing clients including insurance companies, public and private pension funds, foundations and family offices across Europe.
Access’ Managing Partners, Agnès Nahum and Philippe Poggioli, commented: “We believe that this fundraising success in such adverse conditions confirms the trust of our investors in Access’ ability to continue seizing opportunities in the European smaller growth & buy-out market segment, with a high degree of manager selectivity”.
Access’ funds of funds have demonstrated solid performance resilience in a challenging economic environment as a result of the firm’s disciplined investment approach and strategic re-focus over the past five years on non-cyclical sub-sectors. As a lead investor in the vast majority of underlying funds, Access has built solid relationships with managers, with strong governance and alignment of interests, which also proved essential over the recent period.
Access has deployed a significant portion of ACF VIII in primary funds and secondary transactions and it is already showing robust performance. The investment team continues working on a busy pipeline of attractive investment opportunities, maintaining its unwavering focus on general partners who can demonstrate proactive sourcing capabilities resulting in a price advantage, lower gearing, as well as clear growth strategies with a significant buy and build component.
As with its previous generations of funds of funds and in line with its commitment to the UNPRI, Access integrates Environmental, Social and Governance (ESG) criteria throughout the investment cycle.