Directs
We have been an active and global direct minority equity investor since 2010. We support private equity fund managers by providing equity capital to complete the acquisition of portfolio companies, follow-on capital to complete transformational acquisitions or partial liquidity for existing portfolio companies to facilitate longer holding periods.
14-year
track record
USD 10bn
of commitments
>230
assets acquired
What we do
We provide comprehensive equity capital solutions to private equity fund sponsors and their portfolio companies. In many transactions, we act as a co-underwriter alongside fund managers and their deal teams, which adds significant value to their bidding process and allows us to secure larger allocations to transactions. We also offer alternative and targeted liquidity solutions for their existing portfolio companies through our direct secondaries activities.
For our clients, we strive to construct well-diversified and resilient portfolios by focusing on mid-market transactions characterized by favorable deal dynamics with visibility on value creation and downside mitigation. As we typically invest without any fees at the underlying transaction level, we can achieve an optimized level of fee efficiency for our investors.
Our approach – why partner with us
Our large network of relationships with private equity managers fosters continuous and attractive direct investment deal flow. This allows us to be highly selective − choosing only the most attractive opportunities that we identify through our rigorous due diligence process. With our competitive strategy and demonstrated track record across market cycles, we are differentiated especially due to our:
- Access to direct investments – As an important global private equity investor, we are often a preferred minority capital provider for general partners. This opens up many hard-to-access opportunities.
- Proven execution skills – We are used to conducting thorough due diligence under tight timelines, which has helped us achieve a competitive market position in recent years.
- Expertise in direct equity secondaries – As a direct minority investor, we can work with fund managers to provide them with alternative liquidity when a full sale is not the best option. Focusing on companies that we have been tracking for a long time, we can also support their transformational value creation by providing capital to finance new acquisitions.
Team – a large, global platform with dedicated professionals
Our Direct investment team comprises more than 30 dedicated professionals across our investment hubs in Europe, the US and Asia. Our diverse team of professionals brings together specialists with a variety of backgrounds from more than ten different nations.
David Andryc
Partner
Doug Coulter
Partner
Tommaso Crackett
Principal
John Crouchley
Principal
Andreas Hellmann
Partner
Wolfgang Müller
Partner
Philippe Schneitter
Partner
Natalie Sediako
Principal