Swiss group Union Bancaire Privée (UBP) has signed a partnership with investment bank Rothschild & Co to provide a private equity fund for private and institutional clients.
The move comes at a time of rising demand for illiquid strategies among European fund selectors, according to Last Word Research.
The new fund will allow clients to invest in a range of unlisted companies. UBP has worked with Partners Group since 2017 and acquired ACPI in 2018 – offers a range of private debt solutions.
Rothschild & Co manages a set of dedicated private equity and private debt funds, totalling more than €11bn worth of assets.
The new strategy developed through this partnership will give UBP’s clients access to a diversified portfolio of small and medium-sized companies across the world, through four private equity approaches (Primary, Direct Secondary, Late Primary, and Direct), the groups said in a statement.
Alexandre de Rothschild, executive chairman of Rothschild & Co, said: “Over ten years we have been building up a private equity platform spanning the full spectrum of expertise we have at Rothschild & Co, which has enabled us to offer our clients the best investment opportunities in the small and medium-sized segment.”