Certior Capital has built up a diversified client base including European pension funds, insurance companies, endowments and family offices. Investors may choose to invest directly into our own dedicated funds or to use our experience in providing broader tailored mandates and advisory services which may include allocations to all parts of the European private equity and private credit universe including mid and large cap buyout and direct lending, special situation and venture capital opportunities. In total, our funds and mandates under management and our advisory mandates currently amount to around EUR 1bn.
“Investors may choose to invest directly into our own dedicated funds or to use our experience in providing broader tailored mandates and advisory services which may include allocations to all parts of the European private equity and private credit universe.”
We manage three separate series of funds which all share our differentiated approach to investing in private markets: investing in undercapitalised market sectors, seeding emerging managers and being a preferred co-investment partner.
| Certior Credit Opportunities Funds | Certior Special Opportunities Funds | Certior Private Equity Funds |
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|---|---|---|---|
| Target return (net IRR) | 10–12% | 13–16% | 15–20% |
| Share of co-investments | 35–60% | ||
| Target instruments | Predominantly (>90%) loans | Flexible, hybrid approach | Predominantly (>90%) equity |
| Key investment considerations | • Value investments with asymmetric return profile • Recurring revenues • B2B businesses with mission critical services / products |
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| Risk/return profile | • High current yield: 5–8% • Average holding period: 3 years • Limited equity upside: 3–5% pts • Strong downside protection • Fund life: 8–10 years | • Modest current yield: 3–5% • Average holding period: 4 years • Modest equity upside: c. 10% pts • Strong downside protection • Fund life: 8–10 years | • No to low current yield • Average holding period: 5 years • High equity upside: 15–20% pts • Modest downside protection • Fund life: 10–12 years |
| Preferred situations | • Cornerstone commitments • Emerging managers • Concept funds • Deal-by-deal managers • Existing manager relationships • Preferential co-investment access |
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| Current best opportunities | • SME direct lending • Venture lending | • SME special situations • Small insolvency claims • Super-senior turnaround investments | • B2B service consolidation platforms • SaaS growth companies • Owner buyouts |
Tailored mandates
An institution may also choose to access our expertise and deaflow in other ways. For example, over a number of years we have worked with one of Europe’s most prestigious private wealth managers to source and analyse high quality private equity opportunities for its clientele. We have also set up tailored mandates according to the specific needs of a number of our larger institutional clients. For instance, we are working with a leading Nordic pension fund to manage their private equity and private credit portfolio which has to date made over EUR 200m of commitments. In another such mandate we manage the private credit portfolio of a high-profile Nordic pension fund with a particular emphasis on ESG matters. Increasingly, we are also in a position to offer co-investment and secondary opportunities that we have generated through our own network to other institutions on an ad-hoc basis.
