Unigestion announced that it has completed the final close of Unigestion direct opportunities 2015 (UDO 2015). The fund closed at €255m, surpassing its original target.
The final close of UDO 2015 was achieved by attracting strong investor support from both new and existing clients including insurers, pension funds, banks and family offices across the UK, mainland Europe and Asia.
Unigestion has already completed four transactions for the fund and continues to operate its successful investment strategy of focusing on small and mid-sized private companies globally. The firm targets investments in companies where growth is driven by specific long-term trends rather than GDP and thus is resilient to short term economic downturns or shocks.
Paul Newsome, co-head of Investments, Private Equity, said: “Exceeding our target for UDO 2015 by over €50m is a key achievement for our direct private equity offering and demonstrates the strong and continued investor appetite for our investment process and strategy. By targeting small and mid-market companies that operate in attractive sectors where growth is uncorrelated to macro-economic conditions and partnering with industry experts, we are convinced that we will deliver robust returns for our clients.
“Our private equity business continues to grow and through our acquisition of Akina, we have cemented our position as a leading specialist in global small and mid-market private equity, with a 52-strong dedicated team across the world and €5.1bn of assets under management.”