co-investment

Eric Deram of Natixis subsidiary Flexstone Partners discuss its latest fundraise, fees and its approach to investing in a downturn.

Ruulke Bagijn, the new head of the firm’s AlpInvest and Metropolitan units, says co-investment and secondaries funds will remain part of the core of the business.

The new platform will sit within the firm's secondaries unit, Strategic Partners, and work with existing impact managers across all asset classes.

The pension, which has almost $4bn in PE assets under management, has committed $100m to ASF VIII and made its first commitment to an Ardian co-investment fund.

The firm has gained exposure to Kester Capital's 2013-vintage European buyout fund and healthcare manufacturer Frontier Medical Group.

The manager has merged its three fund of funds units to form Flexstone Partners with $6.7bn in AuM.

The listed vehicle made four secondaries investments in the three months to the end of August, including in a portfolio of US growth funds and an American gas producer.

Limited partners in the firm's 2010-vintage $400m co-investment vehicle can approve an extension or sell to a secondaries buyer.

The pension has changed the way it calculates investment limits, with implications for fund commitments, secondaries, co-investments and SMAs.

Euro Private Equity's Select Opportunities II fund invests in secondaries and co-investments in European SMEs.