Placement Agent of the Year
Asante Capital
The past 12 months have been another exciting period for Asante. Despite an intensely bifurcated market during a time of increased economic and geo-political uncertainty where fundraising for most groups was challenging, we partnered successfully with our GP clients to complete 47 fundcloses (33 interim and 14 final) and a range of secondary transactions and direct deals across theGroup, advising on fundraisings totalling over USD 21.0Bn.
During the review period we engaged with six new GPs across the Group, three of which wereEuropean, two in the US and one rest of world.
Over the past 12 months, we have adjusted back to the pre-pandemic fundraising approach wherein-person roadshows and conferences have started to return, enabling the team to double down on time spent in person with those LPs who have appetite for increasing their PE exposure. We’ve found innovative ways to minimize business disruption and ensure continued growth for both ourGPs and Asante as a firm. During the review period headcount has increased to 65, we have promoted Ricardo Felix to partner and Managing Director, George Lyons, has relocated to Germany to head up our new Munich office.
Campbell Lutyens
The 12 months to June 2023 represented another excellent year for Campbell Lutyens (“CL”), withthe firm closing capital on 33 primary funds, with in excess of $22 billion raised.
In European private equity, CL continued to build on the success of previous years, working with adiverse pool of managers from across the region with highlights including:
CL advised Ambienta, a leading European middle-market environmental sustainability buyoutmanager, on their Fund IV raise. The fundraise was significantly oversubscribed and a first and finalclose was held at the €1.55bn hard cap. This represents a 2.4x increase on the prior fund size, with >40% of commitments from new limited partners.
CL advised Lightrock on their Climate Impact Fund, which held its final close in October 2022, significantly oversubscribed at the (raised) hard cap of €860m, far surpassing the initial €600m target.
The firm also continued to strengthen its sustainability practice. The amount advised or currentlybeing advised for sustainable investment strategies totals $24bn.
Continued expansion of the firm’s specialist team allowed greater focus on research activities; this includes profiling more than 1,000 LPs appetite for sustainable investing and mapping over 500dedicated sustainable investing funds.
Rede Partners
This year, across 35 Mandates, Rede has raised EUR 32.1 billion in Primary and Secondary capital.The Transactions team has led the market in NAV facilities, advising on deals representing anadditional EUR 1.15billion of capital.
Rede has expanded its global footprint opening a new office in Amsterdam and promoted Ian Flavell to Partner bolstering its senior leadership team in North America.
Rede has continued to modernise the private markets fundraising process. This year the firm launched RedeWire, an invitation-only interactive portal enabling LPs to explore content on GPs and funds, including videos and deeper dives on particular managers including a range of information on investment strategy, fundraising plans, performance, key team members and portfolio investments.
Continuing with digital solutions, this year Rede hosted 600 participants for the second RedeConnect virtual conference, broadcasting original webinar content, panel discussions and exclusive presentations by Rede GPs to over 200 LPs at small group ‘roundtable’ meetings.
Rede is committed to delivering thoughtful insights. The Rede Liquidity Index is now widely recognised as a leading indicator of fundraising sentiment. This year Rede also published the inaugural Private Credit and Impact and Sustainability reports giving a detailed view of LP sentiment.