Launch of Archinvest LBO 2, Archinvest's new Private Equity vintage
Thanks to Club Patrimoine ▲ and Vincent Touraine for their presence at our press breakfast and for their article on the new Archinvest LBO 2 fund, the second vintage ofArchinvest invested in LBO strategy with 4 leading European private equity managers, including ARCHIMED, CapVest, Oakley Capital.
ClubPatrimoine recently attended a press breakfast organized by Archinvest at its Paris headquarters. A meeting initiated by the management company's three founders: Pierre-Olivier Desplanches, Émilie Loyer-Buttiaux and Nicolas Macquin.
Ahigh-end, tailor-made approach
Createdtwo and a half years ago, Archinvest provides access, from as little as €100,000, to a selection of fund managers usually reserved for institutional investors. It emphasizes its high-end, tailor-made approach, with products that meet the needs and risk profiles of its customers, and that go beyond catch-all solutions. Today, Archinvest has 150 CGP and Family Office partners.
Good deals in private equity at the moment
Atthe center of discussions, the launch of Archinvest LBO 2, successor to the recently closed LBO 1. But also the state and prospects of the private equity market. On this subject, Pierre-Olivier Desplanches began by saying that the time was right for this asset class. For him, it's when rates have risen sharply, as they have over the past two years, that the best deals are made in private equity. The current period therefore represents, in his view, a very interesting window of opportunity. For the management team, Archinvest LBO 2, which will remain open for subscription for at least a year, illustrates Archinvest's approach of placing the selectivity of the fund management teams at the heart of its process. Selectivity is essential to limit risk.
ArchinvestLBO 2, 4 best-in-class European funds
ArchinvestLBO 2 is backed by 4 leading European funds, 3 of which have already been selected: Archimed, CapVest and Oakley Capital. These funds have a proven track record and are in the top quartile of comparable European funds. With this selection, Archinvest LBO 2 gains exposure to a good fifty companies, mainly European, but also North American and Asian. Archimed, a 10-year-old healthcare specialist, is worth €8 billion. CapVest and Oakley Capital, both over 20 years old, invest in consumer goods and services. They have assets under management of €9 and €11 billion respectively.
Target IRR of 18% net, and target of €40 million in net sales
In terms of performance, Archinvest LBO 2 targets a net IRR of 18%. Their first vehicle Achinvest LBO 1 has already raised €20m, and the management company is aiming to reach €40m with its successor fund, enough to enable the management team to invest €10m in each of the 4 selected strategies.
By Vincent Touraine, Club Patrimoine
