Jera Capital, an investment management firm focusing on the private equity secondary market and based in Copenhagen, has successfully achieved the first closing of its new Luxembourg private equity fund, structured as a RAIF and is well on track to reach EUR 100m within its first year of operation. The Fund aims to invest its clients’ capital in a responsible way by integrating environmental, social, and governance (“ESG”) factors in line with the UN SDG themes.
Jera Direct Access Private Equity (“Jera DAPE”) acquires assets in the secondary market and exclusively focuses on companies with strong value creation potential achieved through responsible growth. Jera DAPE has a long-standing commitment to responsible investments underpinned by the founding partners’ private markets investment experience gained over the past 20 years, most recently as the senior private equity team at Nordea Asset Management.
Jera DAPE is structured as an evergreen fund, which offers more flexibility to investors, who can redeem their investments after three years and to the fund manager, as it is able to raise capital on an ongoing basis, thereby enabling to take advantage of market opportunities. Jera Capital believes the fund will appeal to many investors as they will get the flexibility that others might be lacking in the current private equity space.
Jera Capital was advised by our Luxembourg Investment Funds team lead by Partner Aurélien Hollard and comprised of Gilles Bropsom (Counsel), Christoforos Soteriou, Julie Pelcé (both Managing Associates), Georgios Kortesis and Tristan Louet (both Associates). The team was supported by Gérard Maitrejean (Partner) and Miruna Poenaru (Senior Associate) for the corporate aspects as well as Alejandro Dominguez, Ali Ganfoud (both Counsels), Arnaud Marquet and Vicente Chapa (both Associates) for the tax aspects.
