Omnes launches, in association with LCL Banque Privée, a third generation of funds open to individuals wishing to invest in unlisted French companies
Omnes launches two funds: a fund approved by the French financial regulator, LCL PME Expansion 3, and an FPCI, LCL Expansion 3. These funds will invest in the capital of unlisted French SMEs for growth capital and buyout deals.
Established alongside LCL Banque Privée, one of the leading private banks in France, this third generation of funds will allow private clients to diversify their wealth in the unlisted, asset class that offers strong performance potential, all the while supporting the development of SMEs that create wealth and jobs.
These funds retain the strategy that secured the success of previous vintages (14 exits carried out by a dedicated team with a 2.4x multiple and a 15% gross IRR in 10 years): majority and minority growth capital and buyout deals on leading French SMEs in their market, demonstrating good growth potential.
These 10-year funds, which are open to clients of LCL Banque Privée and LCL Gestion de Fortune, aim to deliver a performance equivalent to that of funds traditionally dedicated to professional investors. Subscribers benefit from an attractive tax system, which, where applicable, results in private individual subscribers being exempt from income tax and capital gains upon exit.
LCL PME Expansion 3 is available from 5,000 euros of investment. LCL Expansion 3 meets the expectations of clients who can invest more than 100,000 euros, with the same functioning as institutional funds (successive calls for funds).
The confidence that LCL Banque Privée and LCL have in the management team and in its ability to select the best SMEs is reflected in a € 30 million LCL investment from its own funds.
Benjamin Arm, Managing Partner, Omnes comments: "Our team has strong experience in small-caps and a top-notch track record. We believe that value creation is about transforming SMEs into mid-cap companies so that they become market leaders. With our small cap funds, we are proud to offer this type of investment to private investors looking for high-performing, meaningful investments.”