– Sarasin Bread Street, the private equity arm of Sarasin & Partners LLP, secured €124m for its Bread Street Multi Vintage Private Equity Fund (MVPE Fund).
– MVPE Fund is the first private equity strategy launched by the Sarasin Bread Street team since their 2022 move to Sarasin & Partners.
– The fund is designed for long-term investors, aiming to capture higher growth and returns from private companies.
– It is a single manager multi-vintage strategy, with a portfolio of funds managed by The Carlyle Group, covering investments from 2014 to 2024.
– The portfolio includes 96 high-quality global companies and makes a primary commitment to Carlyle’s Corporate Private Equity platform.
– The fund aligns with Sarasin & Partners’ global thematic approach, offering exposure to key global trends.
– Investors include family offices, UHNW investors, charities, and private equity secondary funds.
– Natixis Corporate & Investment Banking provides a working capital facility to maximize returns.
– Alex Barr 🌐 highlights investor interest in the strategy’s ability to mitigate the private equity ‘J-curve’ and its accelerated capital deployment.
– James Witter emphasizes the appeal of vintage diversity and a mix of secondary and primary investment strategies.
– Guy Matthews notes the success of the fund in attracting new clients and validating Sarasin & Partners’ strategic acquisition of the Sarasin Bread Street team.
