In late March, the ODDO BHF Asset Management Private Assets team conducted the final closing of its ODDO BHF Technology Opportunities fund, raising almost 200 million euros. The Fund received the support from European family offices and institutional investors, French, German and Swiss ones in particular.
The Fund’s strategy leverages the capabilities of the Private Assets platform, including primaries, secondaries and co-investments operations. The Fund aims to build a portfolio of underlying companies and funds spanning a wide range of technologies, such as cybersecurity, digital health, artificial intelligence and fintech. It has already made its first investments in Europe, the US and Asia in underlying companies. The team’s expertise in secondaries investments enables the Fund to capitalise on potentially attractive market conditions by benefiting from possible discounts at purchase.
With a track record of over 20 years and more than 50 persons, the Private Assets team has a broad network for sourcing what it regards as the best investment opportunities worldwide. Richard Clarke-Jervoise, Managing Director Private Equity said: “The quality of our relations with the top-performing technology managers is the key to a successful investment programme, and that is precisely what we aim to offer our investors.” He added: “These relationships can give us a considerable competitive edge for accessing the best sector expertise and investment opportunities in the most attractive technology companies.”
After the closing of ODDO BHF Secondaries Fund II in May 2024, the Private Assets platform has achieved another notable success, thus consolidating its ambitions for its coming fundraisings. Nicolas Chaput, Global CEO, ODDO BHF AM, said: “This successful fundraising shows, once again, the trust that our clients have placed in us, for which we are extremely grateful. We are delighted to offer them new investment solutions that allow access to tech companies on the private market.”
The Fund incurs risks, including the risk of total loss of capital. The Fund is closed to new investors and is no longer being marketed.
