Ffenics I Fund Lauched

Tuesday, July 26, 2011

On 30 June 2011, Ffenics I Fund LP, a new closed-ended vehicle with investment by Paul Capital, acquired a portfolio of assets managed by Cognis Capital.

The transaction, approximately Euro 70 million, is comprised of 20 mostly European assets across a diverse range of industry sectors.  The Paul Capital investment will also provide follow-on capital to the existing investments.

Paul Capital is a global leader in the secondary private equity market and, with this transaction, has built upon their London presence to continue a long history of European transactions.  “Cognis has built a promising portfolio and we are delighted to partner with their talented team and give them the opportunity to create maximum value in their portfolio,” said Elaine Small the Partner at Paul Capital’s London office.

“We were privileged to collaborate with a first-rate team like Cognis to develop a unique solution for them and their investors,” said Sabina Sammartino, a Principal at Paul Capital in London.

About Paul Capital

Founded in 1991, Paul Capital is a global leader in the private equity secondary market.  The firm’s secondary program manages US $4.5 billion in capital commitments and has offices in Hong Kong, London, New York, Paris, San Francisco and Sao Paulo.  The Paul secondary funds have completed more than 175 secondary market acquisitions of limited partnership interests and portfolios of direct private equity investments.  The secondary team provides customized liquidity solutions to meet the unique needs of sellers of private equity.  Paul Capital has become a trusted partner of sellers from around the world seeking innovative transaction structures, fair value, confidentiality and timely transactions. For more information please visit www.paulcap.com.

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