Elvinger US and Elvinger Hoss Prussen assisted Dextra Partners, a multi-strategy private equity firm focused on the middle market, with the establishment and final closing of Co-investment Fund VII (the “Fund”). The Fund reached it’s hard cap, raising $825 million in capital, significantly exceeding its target of $650 million. The Fund attracted a broad base of limited partners, comprised of both new and existing investors, including pensions, insurance companies, asset managers, family offices, and high net worth individuals, noting that half of the commitments originated from outside the United States. The Fund seeks to generate attractive risk-adjusted returns through equity co-investments in resilient middle market companies.
Elvinger US and Elvinger Hoss Prussen provided comprehensive legal support throughout the structuring, establishment, financing, and final closing phases of the Fund. The Elvinger US funds team was led by Partner Nicolas Fermaud, with support from Senior Associates Mattia Morani and Victoria Notebaert, and Associate Oscar Van den Heede. Financing matters were handled by Partner Katia Panichi of Elvinger Hoss Prussen, assisted by Elvinger US’ Senior Associate Fiorenza Cingolani and Associate Alessandra Gauthier.
