The Luxembourg-based feeder fund platform Antwort Capital has announced the final closing of its Antwort Buyout Co-Investment Opportunities Fund, securing €17m in commitments from more than 70 private investors across Luxembourg and internationally.
The fund gives exposure to a diversified portfolio of direct co-investments in Europe and North America by investing in Swan VI, Swancap’s new dedicated co-investment buyout fund, said a press release from Antwort Capital issued on 25 November 2024.
“Our partnership with Swancap offers our network of private investors an appealing opportunity to invest in a proven, diversified strategy,” commented Manuel San Salvador, managing partner and founder of Antwort Capital. The feeder fund platform secured €17m in commitments from more than 70 private investors. In total, Antwort Capital has allocated €45m to Swancap funds through Swan V and Swan VI.
Claus Mansfeldt, chairman of Swancap Luxembourg, commented on the partnership by saying: “Antwort has successfully broadened Swancap’s indirect investor base in a complementary and efficient manner. Swan VI represents one of our core strategies, making direct investments into carefully selected private equity buyouts in Western markets, with reduced fee-drag compared to typical fund-of-funds.” Swan VI, the successor to Swan IV, has raised over €300m in commitments. It will continue to co-invest with private equity sponsors.
Antwort Capital, which holds an alternative investment fund manager (AIFM) licence, is an independent feeder fund specialist based in Luxembourg. The company serves well-informed investors, private banks, family offices and independent financial advisors, providing access to private equity and real estate markets. Private equity firm Swancap has offices in Luxembourg, Milan, Munich and New York. It manages more than €4bn of assets under management and has deployed €7bn of aggregated capital across 500 transactions.
