Luxembourg team advises Unigestion on the setting up of a direct private equity fund

Global Press release - Business November 2022

Norton Rose Fulbright Luxembourg SCS assists Unigestion SA, an independent, specialist asset manager, in the launch of Unigestion Direct III Fund, its third direct private equity fund. The fund is compliant with Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR), which promotes environmental and social characteristics of investments.

On October 26, 2022, the client has held the first close of the fund with EUR 200 million of commitments.

The fund targets a portfolio of global, innovative mid-market companies whose growth is underpinned by long-term trends, providing investors with exposure to exciting hard-to-access companies in themes uncorrelated to GDP, such as healthcare, service efficiency, future of work and sustainable cities.

Norton Rose Fulbright Luxembourg SCS acts as lead counsel covering the full spectrum of legal, tax and regulatory services. The team is led by Claire Guilbert, head of the Luxembourg investment funds team, and includes associates Cyril Clugnac and Lise Bacca Ivanov.