16 February 2023

SWEN develops its multi-strategy range and announces the final closing of SWEN PE Select Europa 6

Accueil / News / Final closing for the multi-strategy fund SWEN PE Select Europa 6

SWEN Capital Partners, a leading provider of non-listed Socially Responsible Investment (SRI) funds, announces the final closing of the 6th vintage of its multi-strategy European Private Equity fund. The fund has exceeded its €250 million target and is already 78% committed to its final size. It targets growing European SMEs in diversified and promising sectors such as healthcare, Saas (Software-as-a-Service) technologies and the energy transition.

The renewed commitment of the previous fund’s investors, including the historical subscribers, testifies to the solidity of the responsible investment strategy implemented by SWEN Capital Partners for more than ten years and the relevance of its positioning. With more than 250 investments made in Europe since the launch of the business, the investment team has a strong track record.

In line with its predecessors’ strategy, SWEN PE Select Europa 6 invests in European SMEs/ETIs, focusing on growth strategies and sectors with long-term trends. The issue of energy transition is fully integrated with a minimum target of 20% of investments dedicated to climate change mitigation and/or energy efficiency (“Green Share”). SWEN CP has already completed 26 transactions in this new programme, including 17 primary transactions (average ticket of €7m) and secondary transactions (average ticket of €8m), as well as 9 co-investments (average ticket of €6m). The fund targets a final net annual IRR of 10-12%¹.

The fund is managed by a team of a dozen professionals, led by Laurent Ghilardi, Investment Director, alongside three ESG experts. The team has been active in the European market for 15 years and has invested more than €2 billion in this strategy. It has a solid network of more than 150 management companies, ensuring a steady and regular deal flow, particularly in co-investments and secondary operations.

Committed to responsible finance, the management company carries out a rigorous selection of the best ESG rated managers, according to its own methodology. For direct investments, which represent one third of the programme, the team uses an analysis of sustainability issues and measures the “Net Environnemental Contribution “ (NEC)1 of each investment opportunity in relation to environmental issues (climate, biodiversity, water, waste/resources, etc.). This fund is classified under article 8 of the SFDR regulation.

¹ Non-contractual target

We would like to warmly thank our partners and investors who have once again given us their support. Together with our multi-strategy and ESG investment team, they have undeniably contributed to the success of this final closing. The field of opportunity is vast and we will continue to focus on the deployment of the fund in the coming months.

Jérôme Delmas

We are proud to have tripled our commitment to energy and ecological transition. The Green Share represented 15% of the primary pocket of our previous fund, it now concerns 20% of all SWEN PE Select Europa 6 investments in line with the objectives set for this new generation.

Laurent Ghilardi
Managing Director of the multi-strategy Private Equity

With a track record in this strategy dating back to 2008, SWEN Capital Partners is one of the most experienced players in the market. Its investment programmes combine performance and diversification and are driven by ever more demanding extra-financial ambitions

Jean-Philippe Richaud
Deputy CEO and CIO

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