Fundraising

How Committed Advisors’ latest fund stacks up against its peers

The firm is seeking €1.25bn for its fourth fund, almost two years after raising its predecessor.

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Committed Advisors has returned to market with its fourth vehicle, almost two years after raising its predecessor.

The Paris-headquartered secondaries firm is targeting €1.25 billion for Committed Advisors Secondary Fund IV, according to two sources familiar with the matter.

Investors who have backed the firm’s previous funds include Finnish Local Government Pensions Institution, Wildermuth Endowment Fund and RWB Private Capital Fonds, according to Secondaries Investor data.

French business publication Les Echos first wrote about the fundraise, citing Daniel Benin, one of the firm’s founders and managing partners. Committed Advisor’s €1.03 billion predecessor fund has invested in 35 deals so far with an average size of €25 million, Benin said.

If raised, Fund IV would be the sixth largest euro-denominated secondaries fund after Partners Group and AlpInvest Partners vehicles.

Last year, Committed Advisors joined ICG in backing a GP-led deal involving the private equity arm of Japan’s Orix Corporation, as Secondaries Investor reported.

The firm was founded in 2010 and invests in primary, secondaries and co-investment opportunities. It has €1.7 billion in assets under management, according to its website.

A spokesman for Committed Advisors did not return a request for comment on the fundraise.