Cuatrecasas has advised the private banking firm A&G on the incorporation and launch of A&G Global Private Equity I, the first private equity fund of funds that will reach a volume of €100 million and invest in North American and European private equity firms.
The aim of the fund is to channel investment into a diversified portfolio of private equity funds with a value in excess of €500 million, operating in the mid and upper mid market.
The €100 million investment will be spread across approximately 10-15 underlying funds providing exposure to a large number of companies across a range of sectors and geographies, while seeking a balance of exposure between Europe and North America.
The fund has been established for an estimated total duration of 10 years from final closing, although this may be extended at A&G’s discretion for three successive periods of one year each.
The Cuatrecasas team involved in this deal was formed by partners Paz Irazusta (pictured right) and Jorge Canta (pictured left), who were assisted by Carlota Barrio, Carlos Posadas and Juan M. Navajas.