Menu Over 30 placement mandates completed and over 155 secondary transactions closed since inception. Find out more about recent events below. 10 November, 2021 Ironbridge closes oversubscribed Fund IV at C$383 million and announces promotions Ironbridge Equity Partners (“Ironbridge”) today announced that it has completed the first and final closing of its fourth private equity fund, Ironbridge Equity Partners IV, LP (the “Fund” or “Fund IV”). Ironbridge raised C$383 million from investors in Canada, the US, the UK and Continental Europe, and significantly surpassed its target of C$300 million. READ 19 May, 2021 PEI Secondaries Investor Article: Secondaries Investor Advisory Survey 2021 – Advisors fight back from pandemic pause Last year was a strange period for the secondaries market. After a lively first quarter, the market shut down in the second quarter as the pandemic took hold, only to spring back into life in the second half of the year. READ 6 April, 2021 Proskauer Article: Dialogue Series – The New Rules of Engagement Travel restrictions and social distancing necessitated by the pandemic have accelerated technology adoption across private equity activity – and nowhere more so than in fundraising. But how much of the virtual shift seen over the past year will endure beyond COVID-19? READ 23 March, 2021 Armada closes Armada Fund V at EUR 210 million to invest in debt and equity in Northern European growth companies Armada is pleased to announce that it has held final closing of Armada Fund V. The Fund invests in growing and profitable businesses in Northern Europe and acts as financing partner to company owners and financial sponsors. READ 22 January, 2021 PEI Secondaries Investor Article: Why this French renewables deal highlights the promise of evergreen structures A recent GP-led deal involving an evergreen structure represents a novel way for infrastructure investors to hold on to assets. The question is whether such transactions can scale. Last month newly formed Hexagon Renewable Energy, managed by Belgian infrastructure manager TTR Energy, acquired a portfolio of 19 French wind projects. The acquisition was backed by a group of large institutional investors led by Crédit Mutuel Capital Privé, the private investment arm of a €930 billion French retail bank. READ 16 December, 2020 TTR Energy establishes “Hexagon Renewable Energy” in order to acquire a portfolio of 19 wind projects across France TTR Energy, Crédit Mutuel Capital Privé, Banque des Territoires, Amundi Energy Transition, Generali Global Infrastructure and Mirova, an affiliate of Natixis Investment Managers, are pleased to announce the creation of Hexagon Renewable Energy SA (“Hexagon Energy”). Hexagon Energy will be managed by TTR Energy, an experienced developer, operator and investor in renewable energy assets. The new IPP has acquired a portfolio of 19 wind projects across France for a total capacity in excess of 770 MW. READ 28 September, 2020 PEI Secondaries Investor Article: Prices rebound but ‘uncertainty discount’ to remain Buyers will value a ‘safe pair of hands’ over pure return potential until the market stabilises further, according to Elm Capital. Pricing on the secondaries market is recovering from lows last observed in 2012, according to a report by Elm Capital. The dearth of deals in market, the stabilisation of valuations in the second quarter and large amounts of dry powder are having a positive impact on pricing, the advisory firm noted in a September private markets update seen by Secondaries Investor. READ 3 September, 2020 Real Deals Article: Placement Agents No Longer Just Advise On Fundraising Etienne Deshormes explains how placement agents no longer just advise on fundraising, but also on a multitude of liquidity options combining primary and secondary elements. READ 10 August, 2020 AltAssets Article: Kester Capital has hit the £90m hard cap for the final close of its oversubscribed sophomore fund. The UK-based firm said Fund II would continue its strategy of investing in UK SMEs requiring institutional capital for the first time, with a focus on healthcare, business and financial services and TMT. You can read the full article on the AltAssets website here. READ 10 August, 2020 Kester Capital Successfully Closes Oversubscribed Second Fund Above Target At Hard Cap Kester Capital (“Kester”), the primary buyout specialist, today announced that it has successfully closed its latest fund, Kester Capital II, at its hard cap of £90 million. Despite challenging market conditions, the fundraise was oversubscribed and exceeded its target with a diverse group of new and existing UK, Continental European and US institutional investors. READ 30 June, 2020 AltAssets Article: Former EQT execs sail towards SEK1bn goal for second MVI fundraise A pair of former EQT execs are more than halfway to their SEK1bn ($106m) target for their second private equity fundraise through their firm MVI Advisors. MVI has hit SEK688m of commitments for Fund II through a first close, which the firm plans to deploy on high-quality, small companies in the Nordic region. You can read the full article on the AltAssets website here. READ 29 June, 2020 MVI Completes First Closing of MVI Fund II Stockholm, 15th June, 2020 – MVI Advisors AB (“MVI”) held a first closing on its second private equity fund, MVI Fund II AB (the “Fund” or “Fund II”) with commitments of SEK 688 million. The Fund has a target of SEK 1 billion. READ 14 May, 2020 Secondaries Investor Article: Pricing down as much as 30% from pre-coronavirus levels Prices in the secondaries market could be 20-30 percent down from pre-coronavirus levels, according to a report by Elm Capital. In a May private markets review, the London-headquartered placement agent and secondaries advisor noted that the link between general partners’ valuations and secondary market pricing is stronger than it was before the onset of the covid-19 crisis. READ 29 January, 2020 Elm Capital acts as Exclusive Placement Agent for Montefiore Investment V After assisting Montefiore Investment (“Montefiore”) in raising Montefiore Investment III (€240 million) in 2013, and Montefiore Investment IV (€420 million) in 2016, we helped Montefiore raise €850 million for Montefiore Investment V and €150 million for Montefiore Investment V Co-investment Fund. Montefiore will continue its successful strategy of investing in mid-size service businesses in France. READ 26 February, 2019 Gradiente SGR S.p.A. Completes Final Closing of Gradiente II Gradiente SGR S.p.A. (“Gradiente”) is pleased to announce the final closing of its second private equity fund, Gradiente II (the “Fund”). Gradiente II has reached its hard cap of €135 million, with commitments from a diverse group of Italian, European and US investors and surpassed its target of €120 million. Gradiente’s previous fund, Gradiente I, had its final closing in September 2012 with €76 million of total commitments. READ 20 February, 2019 SALU Capital Completes Buy-out of Augur Capital’s Private Equity Investment Fund AFO-2 SALU Capital (“SALU”), together with its partners Apex Group Ltd. (“Apex”), and Inlife Holding AG (“Inlife”), today announces the closing of the purchase of all outstanding shares of Augur Financial Opportunities 2 SICAV (“AFO-2” or the “Fund”), a Luxembourg investment vehicle managed by German Augur Capital that includes the Fund’s portfolio companies, German life insurer myLife Lebensversicherung AG (“myLife”) and Luxembourg-based fund administration and ManCo business LRI Group (“LRI “), from the Fund’s investors in a secondary fund buy-out transaction. READ 4 February, 2019 Capidea Management Completes Final Closing of Capidea Kapital III Capidea Management (“Capidea”) has reached a final closing of its third private equity fund, Capidea Kapital III K/S (the “Fund”) with commitments of over DKK 861 million (EUR 115 million) from a strong group of new and existing Danish and international investors. READ 4 January, 2018 Capidea Management Completes First Closing of Capidea Kapital III Capidea Management (“Capidea”) has reached a first closing of its third private equity fund, Capidea Kapital III K/S (the “Fund”) with commitments of 750 DKK million from a strong group of new and existing Danish and international investors. READ 30 November, 2017 Gradiente SGR S.p.A. Completes First Closing of Gradiente II Gradiente SGR S.p.A. (“Gradiente”) has reached a first closing for its second private equity fund, Gradiente II (the “Fund”) and has received commitments of more than €60 million. READ 14 March, 2017 PEI Secondaries Investor Article: Equity Market Records To Push Up Secondaries Pricing Equity Market Records To Push Up Secondaries Pricing READ 10 October, 2016 PEI Secondaries Investor Article: Buyout Pricing Ends 3-year Rise Buyout Pricing Ends 3-year Rise – Elm Capital READ 7 September, 2016 Private Equity Wire Article: Elm Capital Activity Update Reveals Busy H1 2016 Elm Capital Activity Update Reveals Busy H1 2016. READ 7 September, 2016 PEI Article: Elm Capital Places €820m in H1 Primary Fund Closings Elm Capital Places €820m in H1 Primary Fund Closings. READ 1 August, 2016 Montefiore Investment IV Montefiore Investment announces the final closing of its Fund IV at EUR 420 million. READ 5 July, 2016 Realza Capital Fund II Realza Capital announces the first closing of its Fund II at EUR 125 million. READ 3 May, 2016 PEI Article: Ironbridge Closes Third Fund 55% Bigger Than Fund II The Canadian private equity firm has closed Ironbridge Equity Partners III on C$238m, above the C$200m target. READ 3 May, 2016 Ironbridge Equity Partners III, LP Ironbridge Equity Partners announces the second closing of its Fund III at CAD 238 million. READ 23 March, 2016 PEI Secondaries Investor Article on Fund of Funds Being Active Sellers in H2, 2015 PEI Secondaries Investor Article on Fund of Funds Being Active Sellers in H2, 2015. READ 9 July, 2015 Fulcrum Capital Partners V Fulcrum Capital Partners Inc. completes final closing of Fund V at $344 Million. Elm Capital acted as the exclusive placement agent for the Fund outside Canada. READ 16 December, 2014 Fulcrum Capital Partners V Fulcrum Capital Partners Inc. completes the first closing of its Fund V at CAD 180 million. READ 19 November, 2014 Aksìa Capital IV Aksìa Group SGR S.p.A. completes the first closing of its Fund IV at EUR 65 million. READ 22 September, 2014 PEI Secondaries Investor Article on Median prices for Buyout Interests PEI Secondaries Investor Article on Median prices for Buyout Interests. READ 22 September, 2014 AltAssets Fundraising & IR Review AltAssets Fundraising & IR Review. READ 28 April, 2014 Ironbridge Equity Partners II, LP Ironbridge Equity Partners announces the final closing of its Fund II at CAD 154 million. READ 14 April, 2014 FINalternatives Article On Secondaries FINalternatives Article_Demand Is Strong For Private Equity Investments On Secondary Markets. READ 3 March, 2014 PEI Secondaries Investor Article on Secondaries Bids PEI Secondaries Investor Article on Secondaries Bids. READ 3 March, 2014 PEI Secondaries Investor Article on Pricing PEI Secondaries Investor Article on Pricing. READ 13 February, 2014 Kainos Capital Partners, L.P. Kainos Capital, LLC announces the final closing of its debut fund at $475m. READ 6 January, 2014 Ironbridge Equity Partners II, LP Ironbridge Equity Partners announces the second closing of its Fund II at over CAD 90 million. READ 1 December, 2013 BanyanTree Growth Capital II Banyan Tree announces the final closing of BanyanTree Growth Capital II, LLC at $143.5m. READ 30 September, 2013 Montefiore Investment III Montefiore Investment announces the final closing of its private equity partnership Montefiore Investment III. READ 7 November, 2011 The Third Alcuin Fund The Third Alcuin Fund announces its final closing. READ 22 July, 2010 Banyan Tree Banyan Tree announces the final closing of it’s debut fund. READ 8 September, 2009 Realza Capital Case Study The London Business School publishes a case study on Elm Capital’s successful fundraising for Realza Capital. READ Elm Capital Associates Limited Elm Capital USA Limited Seventh Floor, Southwest House, 11a Regent Street, St. James’s, London, SW1Y 4LR, United Kingdom Elm Capital EU Unipessoal LDA Rua Tierno Galvan, nº 10, Torre 3 das Amoreiras, Piso 6, Sala 602, 1070-274 Lisboa, Portugal T: +44 (0)207 901 8940 F: +44 (0)207 901 8949 Legal Privacy Policy Business Continuity ESG & Environmental Policies © 2021 Elm Capital Associates Ltd, Elm Capital USA Ltd & Elm Capital EU Unipessoal LDA Images © 2009 Ben Mclaughlin We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT