Campbell Lutyens was the exclusive financial advisor to Georgian, a leading growth equity investor in North America, on their successful follow-on fund vehicle transaction for four high growth assets.
Type: Follow-on Fund
Mandate: $ 1.0 billion
Region: North America
Asset class: Growth Equity
The transaction was designed to meet the specific objectives of Georgian:
- Extend hold period to enable further execution of the existing strategic plans with limited risk on four high performing assets
- Market transaction to new LPs that could be long-term partners for Georgian
This innovative follow-on fund transaction saw over $1.0 billion of capital raised to acquire secondary stakes, invest primary capital and provide reserve capital for follow-on investment in four high growth businesses across three funds. Georgian’s latest flagship growth fund invested pro-rata across the portfolio to further enhance alignment.
Campbell Lutyens ran a structured process involving four simultaneous tender processes across the portfolio companies to facilitate the liquidity offering. The secondary transaction was oversubscribed, resulting in several new LP relationships for Georgian, and was completed within four months of launch.