Ace Management raises €630m

The Paris-based asset manager has held a first close on its aeronautics-focused fund.

Fund name: Ace Aero Partenaires
Amount raised: €630 million
Target size: €1 billion
Stage of fundraising: First close
First close date: July 2020

Ace Management has held a first close for Ace Aero Partenaires, according to a recent press release from the firm. The fund will invest in the aeronautics industry to help the recovery process from covid-19-related issues. Ace Aero Partenaires has had commitments from institutions such as Airbus and Dassault. The fund has also had a €200 million investment from Tikehau Capital, its parent company which acted as anchor investor.