Paul Capital Buys Into Cognis PE Portfolio

Jul 26 2011 | 9:49am ET

Secondary private equity firm Paul Capital has paid €70 million for an interest in a portfolio of p.e. assets managed by London-based Cognis Capital.

The portfolio is comprised of 20 mostly European assets across a diverse range of industry sectors. Paul Capital made the investment through the newly formed Ffenics I Fund and will also provide follow-on capital to the existing investments. The company says the transaction will provide liquidity to investors but also gives them the option to rollover their investment into the new fund.

“Cognis has built a promising portfolio and we are delighted to partner with their talented team and give them the opportunity to create maximum value in their portfolio,” said Elaine Small, partner at Paul Capital's London office.

Founded in 1991, Paul Capital manages U$4.5 billion in capital commitments in its secondary program and has offices in Hong Kong, London, New York, Paris, San Francisco and Sao Paulo.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of