Essling Capital closed its fourth global generalist co-investment fund oversubscribed and announced plans to launch a new global GP-led secondary strategy aimed at continuation vehicle investments.
The French independent asset management company closed Essling Co-Invest 4 with total capital commitments of €120M (~$125M), surpassing its initial target of €100M (~$104.2M). It launched the fund at the end of 2023 and as of closing, Essling Co-Invest 4 has already deployed capital in eight transactions.
Meanwhile, in an effort to expand its investor base, the asset manager is aiming to raise €200M (~$208.3M) for a new global strategy dedicated to secondary GP-led continuation vehicle transactions. The new strategy will have an investment period of two to three years and will be offered primarily to institutional investors.
Amid the closing of Essling Co-Invest 4 and the plan for the new GP-led strategy, Essling Capital also disclosed that it has launched a second healthcare-focused vintage fund. The asset manager's second thematic fund Essling Co-Invest Healthcare 2 had its first close in December 2024 and its final close is slated for the end of January 2025. It will employ a strategy similar to its predecessor's, which the firm said has already completed 11 deals in North America and Europe.
Essling Capital is an unlisted assets-focused independent asset management company. It oversees more than €650M (~$677.2M) assets in Europe and North America.
