ARCIS launches fifth secondaries fund

ARCIS is targeting €350m for its European Secondary Development Fund V which will invest on the European private equity secondaries market.

ARCIS Group is targeting €350 million for its European Secondary Development Fund V, according to documents filed with the US Securities and Exchange Commission Tuesday.

London-based placement agent Threadmark and Simsbury, Connecticut-based Pinnacle Trust Partners Securities will receive sales compensation from the fund, according to the SEC filings.

ARCIS did not return a request for comment by press time.

ARCIS’ prior fund, ESD Fund IV closed on €354 million in September 2008. Existing ARCIS investors comprised two thirds of the fund’s investor base, which was evenly weighted between US and non-US limited partners. LPs included Swedish pension AP Fonden 3, Pacific Life Insurance Company and German RWB Private Capital Fonds, according to PEI’s Research and Analytics division.

ARCIS invests in private equity fund stakes and company positions mostly in Europe, but also in Asia and the US, according to its website. The firm considers strategies including early stage, growth development and leveraged buyout and has completed more than 230 secondaries transactions to date.

ARCIS has offices in London, New York and Paris and is led by co-founders and managing partners Arnaud Isnard, who also co-founded New York-based VCFA Group, and Henri Isnard.