BNP Paribas Capital Partners, BNP Paribas Investment Partners’ alternative investment selection specialist, announces the final closing of Fundexi IV, a third generation private equity fund of funds focusing on European buyout, growth capital and technology funds.
Originally targeting €250 million, strong investor interest enabled the fund to close ahead of target with commitments of €333 million. Limited partners include European institutions, family offices and clients of BNP Paribas Wealth Management, with the majority being new investors.
Fundexi IV is a continuation of the investment strategy launched in 2005 and implemented through the first and second generation funds of funds. It invests in small and midcap buyout, information technology and life sciences funds, both through primary commitments and secondary transactions. It selects emerging managers who are raising first or second generation funds, along with established players. Fundexi IV has already completed 14 primary and secondary commitments in European buyout and technology funds.
Jean-Marc Rivet-Fusil (Head of Private Equity Funds of Funds) and Stéphanie Egoïan (Chief Investment Officer) of BNP Paribas Capital Partners, commented:
"We are particularly pleased with the very favourable reception that Fundexi IV has received. This success demonstrates the relevance of our investment strategy, which we have successfully implemented for over 10 years."