The Marvelous Scito Fund, which will take LP positions in DeepTech managers across Europe, is anchored by a €20 million investment from the Joachim Herz Foundation.
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.
We dive into EPME, outlining the investment strategy, capital flow policy, and other details of the Partners Group-managed vehicle.
The firm also provided updates on its private equity evergreen fund and non-traded BDC, as well as plans to launch new products targeting the wealth segment.
The new fund reportedly seeks to replicate the $8.3 billion K-PRIME private equity evergreen strategy, while targeting a broader investor base.
The fund has already secured a $125 million anchor commitment from Beedie Capital following its acquisition of a 50% stake in Vistara.
The Swiss manager estimates potential outflows of $10 billion to $20 billion over the medium term in its evergreen funds.
The vehicle will invest at least 85% of its capital in a Partners Group ELTIF, which focuses on private equity direct and secondary investments.
Partners Group's decision to impose a 5% redemption cap on its $9 billion private equity SICAV has erased more than 16% of the firm's market value in a single day.
The £1.6 billion technology-focused trust is asking shareholders to back a tender offer proposal as part of a compromise with activist investor Saba Capital.
