Arcano Partners has held the final close of Arcano Secondary Fund V, FCR (“ASF V” or “the fund”), securing commitments totalling €850 million and significantly surpassing its initial target of €500 million.
Launched in 2024, the fund has exceeded its fundraising target thanks to strong support from a diversified group of both existing and new institutional and individual investors from various countries across Europe and the Americas. The robust demand for ASF V underscores the appeal of investing in a proven, value-added strategy focused on secondaries, a growing market where inefficiencies and liquidity needs remain evident. This new vehicle builds on the success of its predecessor fund, which closed in 2023 with €450 million, well above its original €300 million target.
Arcano Secondary Fund V focuses on smaller transactions, where competition is lower, targeting a combination of purchases of investors’ fund interests (LP-led) and GP-led transactions. The fund’s strategy is centred on mid-market buyouts in Europe and North America, where Arcano believes that selecting high-quality, resilient companies can generate attractive risk-adjusted returns, while maintaining conservative leverage levels.
To date, Arcano Secondary Fund V has already completed more than 30 transactions in the secondary market, as well as several direct co-investments alongside top-tier managers. The fund is expected to continue building a diversified portfolio of investments across different transaction types, sectors, and geographies.
Arcano Partners’ Asset Management division has been investing in the secondary market since 2009, accumulating experience through multiple market cycles. Over this period, the firm has consistently demonstrated its ability to source attractive opportunities by collaborating with both general partners (GPs) and limited partners (LPs) in Europe and North America, who view Arcano Partners as a long-term strategic partner.
In recognition of its solid and consistent track record, Arcano Partners’ Asset Management division was recently ranked among the top ten secondary managers globally in the HEC Paris–Dow Jones 2025 ranking, further reinforcing its position as a leading global player in the private equity secondaries market.
Ricardo Miró Quesada, Partner and Head of Private Equity at Arcano Partners’ Asset Management division, stated: “This new fund reflects the confidence that both longstanding and new investors place in Arcano, as well as recognition of the outstanding work delivered by our team, which has more than 15 years of experience investing in the private equity secondaries market.”
About Arcano Partners
Arcano Partners, founded in 2003, is an independent global firm with more than 20 years of experience in international financial advisory and private markets asset management. Arcano currently has four business areas:
• Asset Management, with more than €13.5 billion managed and advised since the start of its activity in 2006, and with six asset classes: Private Equity, Credit Strategies, Real Estate, Sustainable Infrastructure, Venture Capital and Aviation Finance; Arcano has a strong focus on sustainability and responsible investment, being one of the benchmark asset managers in ESG.
• Investment Banking provides advisory services in M&A, refinancing, restructuring and capital markets transactions to companies in various sectors; Arcano has specialized teams by sector, and additionally offering a transversal technology/digital approach.
• Analysis and Consultancy provides economic, real estate and differential market analysis, as well as geopolitical and technological analysis of both local and global trends. This analysis is extremely useful for optimizing business decisions, especially in environments of extreme uncertainty where the impacts of making mistakes are profound and can be mitigated by investing in quality analysis.
Arcano Partners has a team of more than 260 professionals of more than 20 nationalities across 7 offices in Europe and the United States and has become one of the independent firms of reference in the European private markets industry.
Image: Ricardo Miró Quesada, Partner and Head of Private Equity at Arcano Partners Asset Management, and Gonzalo Eguiagaray, Managing Director of Private Equity.
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