Unigestion wins Best Secondaries Manager award (under $1bn) from Private Equity Wire
Unigestion, the independent, specialist asset manager, is delighted to announce that it has won the Best Secondaries Manager award (fund size up to $1bn) in the Private Equity Wire European Awards.
The awards were held virtually last night, with shortlists based on data provided by Bloomberg. These shortlists were then voted on by the industry in an extensive poll of the Private Equity Wire readership.
Unigestion has more than 25 years’ experience of investing in private equity, focused on secondaries, direct investments and primary investments. Headed by Christophe de Dardel, the team numbers 50 people based in Europe, North America and Asia, and manages over US$9bn.
The secondaries team, led by Christian Bohler from Zurich, with US investments headed by David Swanson, focuses on small, complex transactions with deal sizes of between $20m to $60m using rigorous fundamental analysis to value each company. They target tailored liquidity solutions, including complex fund restructurings, secondary directs and structured secondaries, where they can handpick high-quality companies that are intrinsically undervalued. Utilising a network of 500+ small and mid-market GPs, LPs and boutique intermediaries the team assess and analyses over 300 deals annually.
Unigestion launched its first secondaries fund in 2000 and is currently raising its fifth vintage – Unigestion Secondaries V – targeting high returns of 2x, 25% IRR through disciplined pricing and high underlying growth.
I am delighted the team has been recognised by Private Equity Wire and its readers in these awards. This is a fascinating time for investors in secondaries, with the market gaining increasing prominence as an exit route for GPs and activity in the smaller end of the secondary market picking up after the initial shock of Covid-19. We have been seeing large numbers of opportunities in recent months and have successfully closed several unique deals. An attractive opportunity remains for further transactions this year, however, a flexible and dynamic approach, as well as exceptional access to deal flow, are essential in order to fully exploit the great potential that currently exists.
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Unigestion Secondary V (USec V) has been created as a SCS-SICAV-RAIF in Luxembourg and will qualify as an Alternative Investment Fund (AIF) within the meaning of the law dated 12 July 2013 on Alternative Investment Fund Managers implementing the Directive 2011/61/EU (AIFMD). As a result, units of this vehicle may be offered only to professional investors and may not be distributed on a public basis in or from any country where such distribution would be prohibited by law. This document contains a preliminary summary of the purpose and principal business terms of an investment in Unigestion Secondary V. This summary does not purport to be complete and is qualified in its entirety by reference to the more detailed discussion to take place with the AIF. Unigestion Secondary V will have the ability in its sole discretion to change the strategies described herein. Before making a decision to invest in Unigestion Secondary V, you are advised to consult with your tax, legal and financial advisors.
Additional Information for US Investors
The performance figures are based on estimated fees and expenses as well as on the underlying strategy’s estimated performances given by fund managers, administrators, custodians and third party sources at a given date. Where performance is reflected gross of fees, potential investors should be aware that the inclusion of fees, costs and charges will reduce the overall value of performance. Unless otherwise stated, the performance data source are Unigestion, Bloomberg and Compustat.
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The past performance of Unigestion, its principals, shareholders, or employees is not indicative of future returns.
Except where otherwise specifically noted, the information contained herein, including performance data and assets under management, relates to the entire affiliated group of Unigestion entities over time including that of Unigestion UK. Such information is intended to provide the reader with background regarding the services, investment strategies and personnel of the Unigestion entities. No guarantee is made that all or any of the individuals involved in generating the performance on behalf the other Unigestion entities will be involved in managing any client account on behalf of Unigestion U.K. More specific information regarding Unigestion UK is set forth herein where indicated and is available on request.
There is no guarantee that Unigestion will be successful in achieving any investment objectives. An investment strategy contains risks, including the risk of complete loss.
The risk management practices and methods described herein are for illustrative purposes only and are subject to modification.
Legal Entities Disseminating This Document
This material is disseminated in the United Kingdom by Unigestion (UK) Ltd., which is authorized and regulated by the Financial Conduct Authority (« FCA »).
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