ACG Private Equity has completed the acquisition of the private equity fund of funds management unit of financial services firm, Gimar Financial, AltAssets reports. As a part of the agreement, director and associate directors of Gimar Capital Investment join the French fund of funds investor team as managing director and investment director, and become members. The transaction coincides with the launch of fundraising for the firm’s latest fund, €150 million vehicle targeting European secondary opportunities. ACG was founded in 1989 and specializes in fund of fund investment and secondaries, with banks, insurance companies and family offices among its investors.
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