AXA Funding Managers, AXA IM, has acquired W Capital Administration (W Capital Companions), a US-based personal fairness agency.
W Capital will sit in AXA IM Prime, AXA IM’s totally built-in supplier of funding options throughout personal markets, together with personal fairness, personal debt, infrastructure, and hedge funds.
As well as, AXA IM Primate will strengthen its presence in North America, together with the US, because of the W Capital deal.
Moreover, W Capital has been a pioneer in offering secondary market liquidity options to personal fairness Basic Companions (‘GPs’).
With this transaction, AXA IM affirms its ambition to additional diversify its personal markets providing within the rising and evolving personal fairness secondaries sector, which has seen greater than $85bn raised and $111bn of transaction volumes in 2023.
Marco Morelli, government chairman of AXA IM, mentioned: “We’re delighted to affix forces with W Capital Companions, which is well-established within the US and recognized for its robust experience. It’s a distinctive alternative to offer our purchasers with entry to new sources of worth creation whereas scaling WCP’s platform.”
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Pascal Christory, chief government of AXA IM Prime, added: “This acquisition is one other vital step for AXA IM Prime. Our imaginative and prescient since launching in 2022 is to be a number one international full-service capital options supplier to GPs within the quickly rising personal markets. We had recognized GP-led and direct secondaries as a key technique for our portfolio of personal fairness merchandise and had been searching for an method that might mix the precise ranges of creativity, valuation expertise and structuring experience. We discovered the right companion in W Capital Companions and are enthusiastic about this new alliance, which is able to deliver differentiated and excessive worth funding methods for our purchasers”.
David Wachter, managing companion and co-founder of W Capital Companions, continued: “We’re thrilled to be becoming a member of AXA IM Prime. As a pioneer in GP-led and direct secondaries, this partnership will permit us to ship, at a bigger scale, the relationships and structuring experience now we have labored arduous to develop for our GP companions and our traders. With a typical tradition and imaginative and prescient, we sit up for working intently with the Prime staff to offer a spread of options in our quickly rising and extremely progressive market.”
