ACE & Company completes first close of flagship $200m Buyout Co-Investment fund, its largest to date.
Geneva, May 15, 2017 - ACE & Company (ACE) formally launched its ACE Buyout III SPC Ltd. (ABO III) in January of this year and completed its first close May 1st securing over $120 million in commitments from a diverse group of leading private investors, and family offices in Europe, Asia, and the Middle East. Final closing of ABO III is expected in the second half of 2017 with a minimum of $200 million.
With an ever-increasing demand for high-quality direct investment opportunities globally, the launch of the fund was positively met by investors. Adam Said, Co-Founder and CEO of ACE commented, “We are pleased to have welcomed new investors to the fund but also very proud to have seen nearly all our existing investors in our first and second Buyout fund commit to ACE’s third and largest fund to date. Our team will now focus on sourcing top-tier opportunities alongside leading firms globally.”
ACE closed the 2017 fiscal year with $550 million in total assets. This new fund brings ACE’s total assets to over $670 million. “Based on the growing investor interest, we are confident to meet our growth projections in the coming years” confirmed Sally Beh, CFO of ACE & Company.
ABO III delivers an opportunistic and diversified private equity investment portfolio. The fund’s strategy is focused on co-investing alongside top managers in their core areas of expertise with a primary focus on leveraged buyouts. The fund seeks to construct a portfolio of 15-20 investments while investing pari passu alongside top managers. ABO III offers both a committed share class and pledge share class allowing investors the flexibility to opt-out and invest on a deal by deal basis.
About ACE & Company
ACE & Company, founded in 2005, is a global private equity boutique specialized in direct investments with total assets of over $604m under management across 12 investment vehicles as of March 31, 2017. By combining in-house team capabilities with those of our partners, ACE is able to source, provide due diligence, and execute on superior investment opportunities in various regions around the world. ACE’s collaborative approach allows for a more efficient diversification across the different investment stages of private companies globally and provides investors a flexible investment platform. ACE aims to actively improve investment returns by adding strategic value to both its portfolio companies and sourcing partners by leveraging its broad investment knowledge. ACE is regulated by the Swiss Financial Supervisory Authority FINMA in Switzerland.