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Clipway secures strategic investment from General Atlantic and Carmignac

EditorAmbhini Aishwarya
Published 2023/10/05, 07:26
© Reuters.

In the latest development within the private equity secondaries market, Clipway, a firm established by ex-Ardian senior investor Vincent Gombault, has secured a strategic investment from General Atlantic and Carmignac. The move underscores the two entities' growing interest in this burgeoning market segment.

This investment comes as Clipway is raising capital for its first-ever $4 billion fund. The firm, known for its unique technology and data analytics used for investment valuation and oversight, is attracting attention from significant players within the asset management industry. This trend is mirrored by other asset management behemoths like Ares, Franklin Templeton, PGIM, Blackstone (NYSE:BX), and Goldman Sachs.

In addition to securing funding, Clipway has also recruited David Enriquez from Rothschild’s merchant bank. This recruitment signals the firm's intention to bolster its team with experienced professionals as it stakes its claim within the private equity secondaries market.

Meanwhile, Ardian, the former employer of Clipway's founder Vincent Gombault, is concurrently raising approximately $25 billion for a new fund. This move indicates that Ardian is also seeking to capitalize on the opportunities within this growing market.

Despite recent challenges with its assets under management witnessing a decline, Carmignac has been active in making strategic investments. Apart from Clipway, it has also invested in UK private equity firm Cap10. However, it's worth noting that the performance of Carmignac Patrimoine fund has been lackluster recently.

General Atlantic has also been making strategic acquisitions in addition to its investment in Clipway. Notably, it recently acquired Iron Park. These moves highlight both firms' intention to diversify their portfolios and tap into promising sectors within the broader asset management industry.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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