Fund of Funds

Access is the whole product

We commit €5m to €30m to buy-out, growth and special-situations managers in the European mid-market, all of whom are raising at least their third fund. Selection is the straightforward part; getting allocated is not. A decade of co-investing alongside these teams is what puts our name on a closing list that is often full before it is circulated.

The portfolio is diversified by vintage year, sector, geography and manager, and we add LP-led and GP-led secondary positions when the discount reflects real risk rather than a stale mark. Investors reach roughly forty underlying managers through a single line item.