Abante has launched Abante Private Equity II, FCR, a multi-strategy private equity fund of funds that offers investors the opportunity to access the main strategies and managers globally in this asset class through a single, efficient, and diversified vehicle. As with the first version of the fund, the vehicle will have Altamar Private Equity SGIIC as its investment advisor.
Abante Private Equity II, FCR has a 10-year duration, with a target net IRR of 12% and a target net multiple (TVPI, or Total Value to Paid-In) of 2x. Key differences from the version launched in 2019 include a lower minimum investment requirement—now €50,000—and the addition of a life insurance policy that covers the committed capital in case of the investor's death. This innovation facilitates access for retail investors to this private market investment strategy, offering strong diversification and low correlation with listed markets.
“With Abante Private Equity II, we reinforce our commitment to bringing private capital closer to individual investors, offering them the opportunity to add an asset class to their portfolios that is less correlated with listed markets and that we believe will continue growing in the coming years,” said Joaquín Casasús, Partner and CEO of Abante’s asset management division. “This fund allows individual investors, who typically have limited exposure to private assets, to access actively managed, high-growth potential unlisted companies and benefit from global market trends,” he added.
The life insurance policy, an innovation introduced by Abante and MAPFRE, is a collective life insurance policy for individuals that covers the outstanding capital commitment in the event of the investor's death. The policyholder and premium payer is the management company; the insured party is the investor, and the beneficiary is the fund. The coverage limit is €2 million per commitment. The maximum age to join the policy is 67, and coverage ends at age 75. The cost of the insurance will be borne by Abante’s management company.
This new insurance feature, as Casasús explains, “addresses the concerns of individuals hesitant to invest in private equity due to its illiquid and long-term nature, as they feared that in the event of their death, their heirs might not be able to meet the outstanding commitments. This solution alleviates that worry.”
The fund enables access to a broad range of markets and managers specialized in this asset class. It will be managed by Abante Asesores SGIIC, with Altamar advising on investment opportunity selection, deal structuring, and ongoing monitoring.
Abante Private Equity II, FCR will have a highly diversified portfolio in terms of managers, economic cycle timing, company size, sectors, value creation strategies, geographies, and more. Compared to the 2019 vehicle, this new fund will have a greater allocation to secondaries but will maintain a majority exposure to primary buyout funds. It is also designed to allow investors in the first fund to gradually reinvest their distributions into this new fund, ensuring that the weight of alternative assets in their portfolios remains aligned with their risk profiles.
About Abante
Abante is an independent financial institution specializing in financial advisory and asset management, with long-term alignment with its clients’ interests. Founded in 2002, Abante Asesores formed a strategic alliance with MAPFRE in 2019 to create the most competitive independent platform for financial advice and asset management in the Spanish market.
Today, the firm manages and advises on more than €14 billion in assets, serves over 14,400 clients, and has a team of nearly 300 professionals across ten offices: Madrid, Barcelona, Bilbao, Logroño, Pamplona, Zaragoza, Valladolid, Seville, Málaga, and Valencia.
Abante’s clients include individual investors, family and business groups, Family Offices, and institutions seeking comprehensive financial, wealth, real estate, and corporate advisory services, as well as independent and specialized access to all types of markets and assets—financial, alternative, and real estate.
cloud technology axon
AIVORIQ has grown significantly since Alantra PE launched the project....
