PARIS: Peugeot Invest has announced the sale of 35 private equity funds on the secondary market to Committed Advisors, marking a significant step in the strategic rebalancing of its investment portfolio.
The transaction, valued at approximately €227 million (€94 million in euro-denominated funds and $149 million in USD-denominated funds), involves assets managed by 22 General Partners, with three-quarters of the funds launched in 2019 or earlier.
As part of the deal, €68 million in unfunded commitments will also be transferred. The proceeds will be received in three instalments over 18 months, with the first payment scheduled upon closing, expected by the end of the first half of 2025. Peugeot Invest stated the impact on its Net Asset Value would be minimal.
The move aligns with the firm’s broader strategy of actively managing its private equity portfolio, which has delivered a double-digit average annual return since its inception in 2014.
The transaction supports a strategic refocus on Peugeot Invest’s priority sectors and geographic allocations, with the private equity fund portfolio set to be 55% exposed to the United States and 30% to Europe following completion.
“The funds activity has been a key contributor to portfolio performance in recent years,” said Jean-Charles Douin, Chief Executive Officer of Peugeot Invest. “This transaction enables us to focus on the funds that best reflect our strategic direction while providing additional financial resources for new investment opportunities with long-term value creation potential.”
Peugeot Invest plans to redeploy capital from the transaction into its revised investment strategy, emphasizing minority stakes in public equities and private equity, as well as private equity funds.