Global private equity platform Moonfare announced it has hit a strategic milestone with the final close of its second core portfolio Moonfare Core Portfolio II (Core II), which surpassed its fundraising target and propelled a proprietary Moonfare portfolio beyond the €100 million mark for the first time.
As the name suggests, Core II is a central plank in Moonfare’s mission to bringing private equity funds of top-tier managers within reach for individual investors. And it offers access to buyout and buyout-related strategies, such as secondaries and co-investments, one of the most established areas of private equity.
Like Moonfare’s other portfolio solutions, Core II provides diversification by geography, fund manager, sub-investment strategy, and target sector with one single investment ticket starting from €50,000. And its 12 underlying investments focus on mid- and large-cap buyout strategies along with providing exposure to handpicked secondaries and co-investment opportunities. Plus its geographical reach spans Europe, North America, and the rest of the world. GPs include top-quartile managers such as Apax, EQT, Lexington Partners (secondaries), and Permira.
In keeping with Moonfare’s mission to democratize access to private markets, the firm’s portfolios have continued to prove popular with investors making their first allocations to alternatives and to millennials, who form a growing proportion of Moonfare’s private investor base.
The portfolio’s first vintage Moonfare Core Portfolio I closed in 2020 at €75 million, which was 50% over target.
KEY QUOTES:
“This is an important milestone for Moonfare, and particularly significant because the allocations were made in the midst of a challenging public market environment. It also reaffirms once again that our dream of broadening top-tier private market access is a shared one.”
“Around a fifth of our investor community allocated to Core II, demonstrating trust in our digital platform and in our ability to curate a selection of globally leading funds.”
“Top-flight buyout funds have historically offered high risk-adjusted returns, with higher returns and lower volatility than public equity markets. Because of their focus on companies with proven business models and real assets, buyouts increased in popularity last year; they are a core staple of a diversified private equity portfolio.”
— Moonfare CEO and founder Steffen Pauls
