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Current Mandates

We are a dedicated partner to our clients during the fundraising process and selectively work with a few fund managers each year to connect them with leading institutional investors.

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US & European Private Equity Secondaries Fund VI

 

ASSET CLASS 

Private Equity and Venture Capital

SIZE

$1 Billion

 

CLOSES

Q1 2023 (1st Close)

 

SUMMARY

Fund VI is a middle-market secondary program focussed on the US and Europe, with minimal leverage and consistent returns over several prior funds.

 

FUND MANAGER

Global asset manager with $125 Billion in AUM, and a private equity secondary program that gas deployed $3 Billion, across >110 deals, over two decades.

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US Tech Growth PE and Venture “Hybrid” Fund VII (Fund of Funds and Directs)

ASSET CLASS 

Private Equity and Venture Capital

 

SIZE

$250 Million

 

CLOSES

Q2 2023 (Final Close)

 

SUMMARY

A diversified U.S. venture and growth strategy that includes meaningful positions in difficult-to-access venture funds and co-investments in late stage companies. A unique fee structure makes the fund compelling vis-à-vis direct VC funds, as well as Fund of Funds.

 

FUND MANAGER

A distinguished female-led U.S. venture fund of fund and direct investments manager, with over $1 Billion in AUM, and an important small-cap public equity market heritage.

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US Diversified Real Estate Value-Add Fund IV

ASSET CLASS 

Real Estate Private Equity

SIZE

$750 Million

 

CLOSES

Q1 2023 (2nd Close)

 

SUMMARY

Middle market value-add and thematic strategy, with a focus on multi-tenant industrial real estate and a potential for diversification and enhanced non-core risk-adjusted returns within real estate allocation.

 

FUND MANAGER

The fund manager is a vertically inegrated platform with a 33 year history. The team has invested across multiple cycles and is experienced in managing real estate through downturns and distressed situations. It has managed over $12 Billion, and has delivered a consisent performance, historically.

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Diversified North American Liquid Commercial Real Estate Credit

ASSET CLASS 

Real Estate Private Credit

SIZE

$2.5 Billion

 

CLOSES

Evergreen

 

SUMMARY

First lien mortgages targeting 65% LTV, with short durations, adjunct collateral and personal guarantees. The fund provides monthly distributions and liquidity redemptions.

 

FUND MANAGER

The GP is one of the largest non-bank commercial/industrial real estate lenders in North America and manages a portfolio of over $2.5 Billion. There is a 20-year track record with an annualized 9.2% returns and positive performance every month.

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US Co-GP Real Estate Private Equity Fund IV

 

ASSET CLASS 

Real Estate Private Equity

SIZE

$225 Million

 

CLOSES

Q1 2023 (Final Close)

 

SUMMARY

By leveraging their expertise and sourcing relationships, the manager gains access to the GP's segment of the equity capital stack within institutional real estate projects. The manager can generate performance differential or alpha by participating in the GP promote at the same risk as the institutional LPs participating in the deal.

 

FUND MANAGER

The fund manager specializes in investing alongside best-in-class real estate sponsors and institutional investors in commercial real estate deals across North America and Europe.

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Energy Transition Metals and Minerals Private Equity Fund

 

ASSET CLASS 

Natural Resources / Energy Transition Private Equity

SIZE

$450 Million

 

CLOSES

Q1 2023 (2nd Close)

 

SUMMARY

Private equity fund with an impact and sustainability focus, for late-stage pre-development assets, producing metals and minerals needed for a zero-carbon economy, primarily in OECD countries. 

 

FUND MANAGER

Founded by a former partner at EMR, a leading mining private equity fund manager, and ex-Macquarie, along with one of the leading global mining families. Former EMR partner has a track record of 29 investments, with an IRR of >20%, and the family principal has created over $8 Billion in shareholder value, over several cycles.

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Australian Sustainable Real Assets (Renewables) 

 

ASSET CLASS 

Infrastructure Private Equity

SIZE

$750 Million

 

CLOSES

Q1 2023 (1st Close)

 

SUMMARY

Australia's only pure play clean energy infrastructure fund. ‘Platforms and portfolios’ approach designed to gain captive options over a diversified portfolio of renewable assets, developments and technologies. The fund will invest across generation, energy storage, waste to energy, transmission, and hydrogen in the late stages of development.

 

FUND MANAGER

Ex-Macquarie team (spun out of principal investment group) with AUM of >$1BN. Track record of 23% IRR across A$2 Billion invested in the sustainble infrastructure space. The GP currently manages capital on behalf of large global institutions such as Goldman Sachs and Blackrock.

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Latin American Toll Roads Fund and SMAs

 

ASSET CLASS 

Infrastructure Private Equity

SIZE

$800 Million

 

CLOSES

Funds, Co-Invests, and SMAs Available

 

SUMMARY

The fund will be broken into two platforms Pacific (Colombia, Peru, Chile, Mexico) and a Brazilian only platform (LPs have the option to allocate to one or both depending on geographic preference). Targeting medium-sized, brownfield toll roads to build highly attractive LatAM regional platforms, offering an attractive cash yield (4-8% p.a.) and net returns of ~15% to LPs.

 

FUND MANAGER

This spin-off team is led by the ex-CEO and chairman of OHL Concesiones, previously the largest toll roads operator in LatAM, and later IFM. The team has executed and managed more than 33 transport concessions with an investment value of $10 Billion and (net) returns of 18% IRR and 4.5x MOIC.

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U.S. Lower Middle-Market Secondary Fund II focused on credit and some structured equit

 

ASSET CLASS 

Private Credit

SIZE

$500 Million

 

CLOSES

Q2 2023 (Final Close)

 

SUMMARY

Acquire LP interests and direct company positions, often at discounted valuations, from motivated sellers seeking early liquidity in the U.S. LMM credit and some structured equity investments with yield, downside protection and equity upside. Such secondaries have historically produced the top risk-adjusted returns compared to other private strategies (Preqin).

 

FUND MANAGER

Team has been making secondary and primary credit investments for over 25 years. 40+ person team including former senior leadership from Credit Suisse, Citigroup, BMO and SBIC program. The GP currently has ~$2 Billion in AUM, exclusively focused on the U.S. Lower Middle-Market.

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US LMM Strategic Credit Income Fund IV focused on 1st lien senior secured loans.

 

ASSET CLASS 

Private Credit

SIZE

$750 Million

 

CLOSES

Q2 2023 (Final Close)

 

SUMMARY

The GP focuses on businesses that are not owned by larger private equity firms, where the market is more inefficient and business owners are willing to pay for active, value-added model. The fund offers capital protection with 1st lien, senior secured loans, low company leverage averaging 3.5x Total Debt / EBITDA, comprehensive lender protective maintenance covenants. The current yield target is 12%+ annual cash yields (distributed quarterly).

 

FUND MANAGER

Team has been making secondary and primary credit investments for over 25 years. 40+ person team including former senior leadership from Credit Suisse, Citigroup, BMO and SBIC program. The GP currently has ~$2 Billion in AUM, exclusively focused on the U.S. Lower Middle-Market.

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European Growth/Venture Debt Fund III

 

 

ASSET CLASS 

Private Credit

SIZE

€165 Million

 

CLOSES

Q2 2023 (Final Close)

 

SUMMARY

Fund III is a growth debt fund, financing late-stage technology companies, across Western Europe. The target unleveraged gross IRR for Fund III is 18-20% (14-16% net IRR) composed of a gross cash yield of 11% per annum on senior secured loans, further enhanced with return on the warrants and equity participation rights. Growth Debt provides exposure to sustainable innovation and growth in technology across Europe, through senior secured loans with equity kickers.

 

FUND MANAGER

The only minority-women led team in private debt and venture capital in Europe, this stable and experienced team that has the right combination of competencies and 2 funds with >40 loans and a prior history of 267 transactions representing €665 Million over 140+ companies across 12 European jurisdictions. 2/3rd of the senior team are women with 7 nationalities and 12 languages.

Recent Mandates

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US Tech Venture Fund of Funds II

 

SIZE

$100 Million

 

FINAL CLOSE

Q2 2022

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US Tech Growth Private Equity Fund III

 

SIZE

$150 Million

 

FINAL CLOSE

Q3 2021

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US Diversified Real Estate Value-Add Fund III

 

SIZE

$500 Million

 

FINAL CLOSE

Q1 2021

U.S. Hybrid Fund of Fundand Growth-stageCo-Investments V

 

SIZE

$130 Million

 

FINAL CLOSE

Q4 2019

*Final close achieved above target

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European PE Fund III

 

 

 

SIZE

Eur 175 Million

 

FINAL CLOSE

Q1 2018

*Final close achieved above target

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North American Clean Energy Infrastructure Credit

 

SIZE

$500 Million

 

FINAL CLOSE

N/A

India Consumer-Focused Venture Fund II

 

 

 

SIZE

$125 Million

 

FINAL CLOSE

Q3 2020

*Final close achieved above target

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U.S. VC Fund of Fund​

 

 

 

SIZE

$100 Million

 

FINAL CLOSE

Q2 2020

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European Structured Credit Fund IV​

 

SIZE

Eur 246 Million

 

FINAL CLOSE

Q4 2020 (First Close)

*largest fund to-date for the GP

Institutional Investor Demand

 

 

Per recent conversations with our LP relationships about their current investment targets, we are interested in speaking with managers that have funds focused on the investment strategies listed below:

 

  • Secondaries

  • Distressed Debt

  • Venture Capital

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Investment Inquiries

 

 

For institutional investors interested in learning more about our current mandates, please reach out to our team:

 

Allan Majotra

Managing Partner

allan.majotra@5-capital.com

 

In addition, we encourage you to sign up for our mailing list to receive periodic updates on current mandates and notifications for new investment opportunities when they become available.

  

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