The closed-end fund will invest across PE buyout and growth alongside opportunistic GP-and LP-led secondaries, with commitments starting at €5,000.
The €6.6 billion private equity evergreen fund, which allocates to secondaries, will be divided into compounding and distributing portfolios.
The evergreen fund targets the energy, digital infrastructure, and transport sectors mainly through direct deals, complemented by secondaries and co-investments.
The Geneva-based firm targets late-stage single-asset secondary investments across technology and digital ventures.
The London-based startup aims to address private credit's fund-level liquidity, which remains constrained by available cash and redemption terms.
The partnership will also develop products for wealth investors, beginning with an evergreen private equity secondaries fund expected in the coming weeks.
Managed by Fundcraft France and initially distributed exclusively by Rhétorès Finance, the vehicle will combine primary and secondary investments, with monthly subscriptions and quarterly redemptions.
The second vintage of the secondary strategy has reached half of its €500 million target, and the programme has completed five investments across GP- and LP-led transactions.
The French investment platform has opened access to BEX Fund VI, which is solely dedicated to FoF secondaries.
FPCI Elevation Secondary II is already deploying capital, investing €5 million in Eurazeo Secondary Fund V.
