– BEX Capital, the first investment firm focused exclusively on secondaries in private equity fund-of-funds (FoF), secondaries funds, and co-investment funds, announced the close of BEX Fund V at $765 million.
– BEX Fund V was raised in just four months, marking the firm’s first fund since the management buyout at the start of the year.
– The strong support from existing investors was particularly notable given the challenges in private equity due to a lack of distributions from current portfolios.
– BEX Fund V is solely dedicated to FoF secondaries, with individual investments ranging from $5 million to $1 billion, with larger investments supported by core investors.
– Thomas Carbonel, Partner, stated that BEX Capital’s niche focus on FoF secondaries allows for strong returns with relatively low risk due to fund diversification.
– Stéphane Chevrier, Partner, expressed gratitude for the continued support from long-term investors and welcomed new investors, all of whom adhered to a tight fundraising timeline.
– BEX Capital was founded in 2010 and is an independent private equity secondaries investment firm with offices in Nice and New York.
– BEX Capital exclusively focuses on acquiring positions in global private equity fund-of-funds, secondary funds, and co-investment funds, managing over $2 billion in capital.
– Partners and IC: Thomas Carbonel, Stephane Chevrier, Alexis Ferrer, Youssef K., and Erwin Roex.
