Unigestion, the independent specialist asset manager, has launched Unigestion Secondary V, its latest secondary private equity fund. The strategy of the fund will be to target small, non-auctioned secondary deals below EUR 50m, focusing on portfolios of high quality companies at attractive valuations.
With over two decades of experience in secondaries, Unigestion is one of the pioneers in the global secondary market. In particular, Unigestion’s expertise extends into tailored and often more complex liquidity solutions.
With a global team of 43 private equity professionals, Unigestion sources secondary opportunities from its network of more than 500 General Partners (GPs), limited partners, small intermediaries and selected specialist secondary direct managers. Drawing on its vast experience of the global small and mid-market, Unigestion is able to access transactions away from the hunting grounds of other secondary investors.
Investment philosophy of Unigestion Secondary V
Unigestion follows a rigorous due diligence process, applying a bottom-up evaluation of every single portfolio company which includes detailed financial modelling, interviews with senior company management and debt analysis. This leads to an emphasis on portfolios of companies with solid business models and visible exit routes. Consequently, returns are driven by future company performance rather than leverage or discounts.
“The secondary market has transformed in recent years with the development of new types of specialised secondary transactions such as fund restructurings, secondary directs and other liquidity solutions. Unigestion has been at the forefront of this continued innovation and have led multiple complex secondary transactions at the small end of the market. Such transactions have allowed us to access high quality, mature assets at compelling valuations. As a result, we are consistently able to deliver exceptional returns to our clients irrespective of market conditions.”Christophe De Dardel, Head of Private Equity