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Matthias Knab, Opalesque: Multiplicity Partners, the Zurich-based secondaries firm dedicated to tail-end deals and special
situations, held the first closing of its fourth fund at $89.2 million, substantially exceeding the
predecessor fund's size at launch.
On the back of the strong realised performance of Multiplicity's
previous funds, LTO Fund IV is supported by the vast majority of the existing limited partners and more
than a dozen new investors, including family offices, sophisticated private investors and select
institutional investors from Switzerland, the UK, Singapore and Israel. The fund is targeting total
commitments of $125 million and is subject to a strict capacity limit of $160 million.
Multiplicity Partners specialises in capitalising on investment opportunities at the intersection of private
market secondaries and distressed assets, with a particular focus on uncovering 'under the radar'
situations, frequently valued below $5 million per individual position. The LTO funds are designed to
achieve an unlevered net internal rate of return in excess of 20% over a time horizon spanning 4 to 6
years.
Andres Hefti, Partner at Multiplicity Partners, states, "We are delighted by the continued support from
our existing limited partners and a diverse group of highly sophisticated investors who recognise our
focus on rapid and regular cash distributions back to investors. Our underwriting process places no
emphasis on potential paper gains; instead, we p...................... To view our full article Click here
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