An AXA Private Equity spin-out, Committed Advisors, has closed its debut fund oversubscribed on €257 million for secondaries investments in the North American mid-market.
The firm, founded by Daniel Benin and Barthelemy de Beaupuy, has already closed on eight transactions with another two pending. Committed Advisors Secondary Fund I was launched last year and the firm did not use a placement agent.
Committed Advisors targets investments in fund interests or direct holdings in private companies ranging from €1 million to €75 million. The firm’s primary focus is on buyout and growth equity assets, but could also look at opportunities in distressed, turnaround, venture capital and sector-specific funds.
Benin left AXA last year after co-heading the firm’s New York office, while Beaupuy left from the firm’s Paris office. Former AXA executives JB Stock and Guillaume Valdant also joined the firm.