ARCIS Closes $502M Secondary Buyout Fund

Sep 18 2008 | 7:34am ET

The ARCIS Group, a private equity shop with offices in New York and London, has raised €354 million (US$502 million) for its fourth secondaries buyout fund.

ESD Fund IV has already invested approximately 20% of its dry powder to work, according to the firm, having completed deals in the U.K., France, Germany and Benelux. It will look to provide an exit for private equity investors in European buyout funds and companies.

“The need for liquidity in private equity should continue growing significantly as, in difficult market conditions, more investors face the need to realize or restructure their investments,” said Arnaud Isnard, managing partner.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.