- The fund closed above its €1.3 billion target despite a tough fundraising climate, reflecting strong investor confidence.
- The collaboration between Permira and AltamarCAM Partners has been key to achieving this milestone, with Permira helping to broaden access to a high-quality LP base.
Madrid, 18 February 2025 – AltamarCAM Partners, a global asset management firm focused on private markets and AUM of over €20 billion, is pleased to announce the final closing of its fifth flagship secondaries program ACP Secondaries 5, at close to €1.6 billion, exceeding its original target size. The successful fundraise underscores strong investor confidence in AltamarCAM’s expertise and proven track record in the secondaries market.
ACP Secondaries 5, has attracted commitments from a diverse base of institutional investors (including pension funds, insurance companies, endowments, and foundations), family offices, and high-net-worth individuals across 16 countries in Europe, North America and Latin America. More than 40% of the investors are new to the firm.
Over €1 billion (or about 60%) has already been deployed in 33 secondary transactions, in line with the fund´s objectives of optimal diversification across key metrics (including geographies, sectors, vintages, number and types of transactions, and underlying sponsors and portfolio companies).
The strong demand for the fund reflects the growing recognition of secondaries as a strategic and resilient investment opportunity in today’s evolving market environment.
The collaboration between Permira and AltamarCAM Partners has been key to achieving this milestone, broadening the firm´s access to a LPs world-wide.
Commenting on the final closing, José Luis Molina, Global CEO at AltamarCAM Partners, said: “We are grateful for the continued support of our long-term and new investor base. The successful fundraising of ACP Secondaries 5 reflects the confidence and trust placed by our investors, predicated on the attractiveness of AltamarCAM’s differentiated strategy, consistent performance over two decades, as well as our increasing scale and global reach. Our team and platform are strongly positioned to capture the opportunities within this growing market.”
Investment strategy and market focus
ACP Secondaries 5 continues AltamarCAM’s established approach of targeting high-quality secondary opportunities globally, leveraging its extensive network and deep market insights to identify solid investments, mainly focused on the mid-market.
AltamarCAM Partners has been active in the secondaries markets for over 20 years. Since 2005, AltamarCAM Partners has invested close to €3 billion in secondaries transactions1 across a variety of strategies.
The firm is focused on generating alpha in the secondaries market, mainly within the GP-led segment, and taking a bottom-up approach to analysing each underlying asset. At the core of AltamarCAM’s investment philosophy is our focus on capital preservation while delivering strong risk-adjusted returns for our clients across cycles. As part of that philosophy, we seek to generate alpha with a reduced risk profile, without relying on additional leverage or financial engineering.
