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AXA spin-out collects €150m for secondaries

Former AXA Private Equity executives Daniel Benin and Barthelemy de Beaupuy have formed Committed Advisors, which also recently hired two more ex-AXA professionals.

A spin-out from AXA Private Equity has reached first close on €150 million for secondary investments in Europe and the US and could hold a final close in six to nine months, according to a person with knowledge of the fundraising.

The firm, called Committed Advisors, declined to comment. Committed Advisors is targeting between €250 million and €300 million and has two anchor investors so far.

Committed Advisors was formed by Daniel Benin and Barthelemy de Beaupuy. Benin left AXA PE last year after co-heading the firm’s New York office, while de Beaupuy left from the firm’s Paris office. The duo also hired two former AXA colleagues, JB Stock and Guillaume Valdant, each of whom left AXA a few years ago.

Committed Advisors will target the secondaries mid-market and look for deals ranging in size from €5 million to €70 million, initially targeting stakes in GPs with whom it already has relationships. Its main focus will be on the US and Europe, but the firm will also look for Asian assets.

Committed Advisors is not using a placement agent.