Access Capital Partners awarded mandate renewal from BVK
European private asset manager Access Capital Partners (Access) has been awarded, for the third consecutive time, a substantial private equity mandate from Bayerische Versorgungskammer (BVK), Germany’s largest pension fund.
As a continuation of the first two investment programs, the new allocation aims at building a portfolio of primary funds and opportunistic secondary investments in European smaller buy-out funds managed by general partners who can demonstrate proactive sourcing capabilities, resulting in a price advantage and lower gearing, as well as clear growth strategies with a significant buy-and-build-component.
Peter Eppingen, Head of Private Equity, Infrastructure & Timber comments: “We are very pleased with the excellent working relationship we have built with the Access team over more than 10 years. Access has become one of our key partners in private equity, since Access provides us with continuous access to attractive investment opportunities in the less visible parts of the European private equity market, where alignment of interest is the strongest between investors and the smaller businesses they help to grow”.
Access’ Managing Partners, Agnès Nahum and Philippe Poggioli add: “We are delighted to be able to further strengthen our relationship with BVK, and look forward to continuing to exploit opportunities in the European smaller buy-out area while applying our highly selective investment process.”
Bernhard Fink and Thomas Kohlmeyer, Munich-based Partners of Access further explain: “BVK´s decision is in line with growing interest by German institutions for tailor-made single client solutions in the European smaller buy-out space and further enhances our strong market position in Germany.”
Access and BVK are both signatories of the Principles for Responsible Investing (PRI), and Access has developed over the past nine years a rigorous approach to integrate Environment, Social and Governance (ESG) principles across its investment and monitoring processes.
Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany´s largest pension scheme group under public law. It is the joint executive body of twelve liberal professions´ and communal pension schemes. Bayerische Versorgungskammer covers about 2.2 million insured persons in total, with contributions of € 3.2 billion and €4.4 billion pension payments annually. It currently has €70 billion assets under management and over 1,200 employees.
ABOUT ACCESS CAPITAL PARTNERS
Access Capital Partners is an independent European fund manager, active in European private equity, infrastructure and private debt, with offices in six European countries and assets under management of €8.1 billion from a diversified base of international institutional investors. The firm’s products and services encompass primary fund investments and secondary transactions as well as direct co-investments.