Rothschild & Co has completed the fundraising for Five Arrows Private Equity Programme II (FAPEP II) with commitments totaling €366 million.
This is the 17th fund raised above its expected target by Rothschild & Co’s Merchant Banking business over the last 10 years. This brings the total assets under management to €16 billion across four strategies: corporate private equity; senior and junior credit; primary and secondary fund investing; and co-investments.
The Fund was oversubscribed with total capital commitments of €366 million, materially above its initial target of €250 million. Investors in the Fund represent a diversified group of family offices, entrepreneurs, and small institutions.
This latest fundraising follows a successful 2020 for FAPEP during which time the previous fund, FAPEP I (2017 vintage), has continued to generate value and return significant capital to its investors. FAPEP II also started strongly and is 67 per cent committed across 30 investments in Europe and the US.
