Cuatrecasas has advised private banking firm A&G Banca Privada on the incorporation and launch of A&G Global Private Equity I, the first issue of a private equity fund of funds of up to €100 million, which will invest in US and European venture capital firms. This fund is aimed at channeling investment toward a diversified portfolio of private equity funds that, valued at over €500 million, operate in the mid-market and upper middle market and whose common ground is developing buyout strategies and the necessary tools to face a macroeconomic environment such as the current one.
The €100 million investment—the fund's target amount—will be distributed between 10 to 15 high-quality underlying funds that will provide exposure to a large number of companies from different sectors and geographic locations, always seeking to balance the exposure between Europe and North America. However, this investment strategy will have a global reach as it can be extended to entities based in countries outside this environment when the nature and circumstances of these firms are suitable,
The fund was incorporated with a total estimated duration of 10 years from its final closing, although it can be extended at the discretion of A&G for 3 successive 1-year periods. Thus, and with a 35-year track record, A&G Banca Privada goes one step further in consolidating its leadership in advising clients on alternative investment.
The Cuatrecasas team that participated in the transaction was led by partners Paz Irazusta
and Jorge Canta
, with the collaboration of Carlota Barrio, Carlos Posadas
and Juan M. Navajas.