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Commonfund Capital Closes its Third Co-Investment Fund at $160 Million

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Commonfund Capital Co-Investment Opportunities III, LP includes Capital Commitments from Foundations, Endowments, and Family Offices

Wilton, CT, August 25, 2021 — Commonfund Capital today announced the closing of its third dedicated private equity co-investment fund, Commonfund Capital Co-Investment Opportunities III, LP, at $160 million, above its $150 million target. The fund had strong participation from existing investors as well as a number of new institutional limited partners including foundations, endowments, family offices and sophisticated clients of registered investment advisors and consultants.

Commonfund Capital has invested in select co-investments alongside high conviction managers and sponsors since 1997 with aggregate committed capital of over $1 billion. It has invested through both its commingled portfolios as well as through its dedicated co-investment partnerships.

“The combination of our industry relationships and access and our focus on a sub-set of what we believe are compelling and resilient sectors should enable us to drive desired returns for our investors.” said Mark Hoeing, Managing Director and Head of Private Equity. He added, “We are very appreciative of the continued support from existing investors and we welcome new investors in our third dedicated co-investment fund.”

Consistent with its predecessor funds, the new co-investment fund intends to leverage Commonfund Capital’s extensive relationships with private equity managers and sponsors to identify opportunities. Many of its manager relationships are considered sector specialists and generally access—or capacity-constrained [1].

It is anticipated that the fund will invest in companies across two or three vintage years and focus on small and middle market companies in a growth equity stage of development or be considered small or middle market buyout investments. While the fund plans to be geographically opportunistic, it is expected to tilt toward more developed economies such as the U.S. and Europe.

About Commonfund Capital

Commonfund Capital, Inc. (“Commonfund Capital”) is a global private capital solutions provider. Commonfund Capital invests with value-creating partners into primarily small- and mid-sized companies. Since Commonfund Capital’s founding in 1988, its mission has remained the same: to provide quality investment solutions in private equity, venture capital and real asset and sustainability. Through commingled investment partnerships and customized separate accounts, Commonfund Capital offers investors intentionally designed private capital portfolios constructed with primary investments, secondaries and co-investments and builds investment programs by partnering with underlying managers that it believes are among the world’s leading private capital firms.

Commonfund Capital is an indirect, wholly-owned subsidiary of The Commonfund for Nonprofit Organizations, with offices in Wilton, CT; New York, NY; San Francisco, CA; London, UK; and Beijing, China. All securities are distributed through Commonfund Securities, Inc., a member of FINRA. For additional information about Commonfund Capital, please contact cciinfo@commonfund.org

About Commonfund

Commonfund was founded in 1971 as an independent asset management firm with a grant from the Ford Foundation. Today, Commonfund provides investment solutions to sophisticated investors through two affiliates: Commonfund Capital is a global private capital manager with over 30 years of experience offering a full suite of private investment strategies to sophisticated investors, both nonprofit and for-profit; and Commonfund Asset Management Company provides outsourced CIO services designed for nonprofit institutions using investment sub-advisers for discretionary and non-discretionary engagements. All securities are distributed through Commonfund Securities, Inc., a member of FINRA. www.commonfund.org

IMPORTANT NOTES

  1. Capacity-constrained managers are fund managers that accept only a limited number of investors and/ or were oversubscribed in their last vintage fund. The assessment of whether managers are capacity-constrained is based on Commonfund Capital’s internal database, qualitative assessment and conversations with managers and has not been independently verified.

    The information provided in this release is for general information purposes only and is not an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction. This release is also not an offer or solicitation to participate in any particular trading strategy. All Commonfund investment funds are offered only by means of detailed offering memoranda and related disclosure materials. Potential investors should read all such materials with care prior to investing. Certain Commonfund funds impose various eligibility requirements (see www.commonfund.org). Securities are distributed by Commonfund Securities, Inc., a member of FINRA. Advisory services are provided by Commonfund Asset Management Company, Inc. and Commonfund Capital, Inc., both are registered as investment advisers with the U.S. Securities and Exchange Commission (“SEC”).

Media Contacts  

Tony Ialeggio
Commonfund
203-563-5121
tony.ialeggio@commonfund.org

William Szczecinski
Prosek Partners
646-818-9029
wszczecinski@prosek.com

 
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Disclaimer

Certain information contained herein has been obtained from or is based on third-party sources and, although believed to be reliable, has not been independently verified. Such information is as of the date indicated, if indicated, may not be complete, is subject to change and has not necessarily been updated. No representation or warranty, express or implied, is or will be given by The Common Fund for Nonprofit Organizations, any of its affiliates or any of its or their affiliates, trustees, directors, officers, employees or advisers (collectively referred to herein as “Commonfund”) or any other person as to the accuracy or completeness of the information in any third-party materials. Accordingly, Commonfund shall not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement in, or omission from, such third-party materials, and any such liability is expressly disclaimed.

All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property.

To the extent views presented forecast market activity, they may be based on many factors in addition to those explicitly stated herein. Forecasts of experts inevitably differ. Views attributed to third-parties are presented to demonstrate the existence of points of view, not as a basis for recommendations or as investment advice. Market and investment views of third-parties presented herein do not necessarily reflect the views of Commonfund, any manager retained by Commonfund to manage any investments for Commonfund (each, a “Manager”) or any fund managed by any Commonfund entity (each, a “Fund”). Accordingly, the views presented herein may not be relied upon as an indication of trading intent on behalf of Commonfund, any Manager or any Fund.

Statements concerning Commonfund’s views of possible future outcomes in any investment asset class or market, or of possible future economic developments, are not intended, and should not be construed, as forecasts or predictions of the future investment performance of any Fund. Such statements are also not intended as recommendations by any Commonfund entity or any Commonfund employee to the recipient of the presentation. It is Commonfund’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. All market outlook and similar statements are based upon information reasonably available as of the date of this presentation (unless an earlier date is stated with regard to particular information), and reasonably believed to be accurate by Commonfund. Commonfund disclaims any responsibility to provide the recipient of this presentation with updated or corrected information or statements. Past performance is not indicative of future results. For more information please refer to Important Disclosures.

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Disclaimer

Certain information contained herein has been obtained from or is based on third-party sources and, although believed to be reliable, has not been independently verified. Such information is as of the date indicated, if indicated, may not be complete, is subject to change and has not necessarily been updated. No representation or warranty, express or implied, is or will be given by The Common Fund for Nonprofit Organizations, any of its affiliates or any of its or their affiliates, trustees, directors, officers, employees or advisers (collectively referred to herein as “Commonfund”) or any other person as to the accuracy or completeness of the information in any third-party materials. Accordingly, Commonfund shall not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement in, or omission from, such third-party materials, and any such liability is expressly disclaimed.

All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property.

To the extent views presented forecast market activity, they may be based on many factors in addition to those explicitly stated herein. Forecasts of experts inevitably differ. Views attributed to third-parties are presented to demonstrate the existence of points of view, not as a basis for recommendations or as investment advice. Market and investment views of third-parties presented herein do not necessarily reflect the views of Commonfund, any manager retained by Commonfund to manage any investments for Commonfund (each, a “Manager”) or any fund managed by any Commonfund entity (each, a “Fund”). Accordingly, the views presented herein may not be relied upon as an indication of trading intent on behalf of Commonfund, any Manager or any Fund.

Statements concerning Commonfund’s views of possible future outcomes in any investment asset class or market, or of possible future economic developments, are not intended, and should not be construed, as forecasts or predictions of the future investment performance of any Fund. Such statements are also not intended as recommendations by any Commonfund entity or any Commonfund employee to the recipient of the presentation. It is Commonfund’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. All market outlook and similar statements are based upon information reasonably available as of the date of this presentation (unless an earlier date is stated with regard to particular information), and reasonably believed to be accurate by Commonfund. Commonfund disclaims any responsibility to provide the recipient of this presentation with updated or corrected information or statements. Past performance is not indicative of future results. For more information please refer to Important Disclosures.