Press ReleaseNov 6, 2023

Buyout Strategy Maintains Brisk Investment Pace

GENEVA, Sept. 5, 2023 /PRNewswire/ — ACE & Company (ACE) continues to push forward with the successful deployment of its Buyout Co-Investment Program, despite a challenging market environment characterized by low deal volumes. In the first half of 2023, ACE Buyout completed five new investments from its two most recent funds.

ACE Buyout IV (Fund IV), launched in 2020, closed its twenty-ninth and final investment in Q2 of this year, completing its investment deployment on schedule. Fund IV is generating top quartile performance relative to peer global funds1. ACE Buyout V (Fund V) held its first closing in Q2 2023 and immediately began deploying capital. Fund V has completed two investments since its first close. The team maintains an active pipeline and expects to close several additional opportunities through the year as it deploys Fund V.

ACE launched its Buyout Co-Investment Strategy in 2012 to invest across the landscape of buyout investment opportunities. ACE Buyout leverages its team’s deep sponsor network and sector expertise while harnessing intellectual capital across ACE’s various global businesses.

“The company’s strategy as a co-investor allows it to generate a large volume of transaction opportunities and be very agile in executing them, regardless of market environments,” says Rob Callahan, Head of ACE’s Buyout Strategy. “Although deal volume across private markets dropped 20 to 30 percent in the first half of the year, ACE’s deal volume has actually increased, as we fill the hole created by the withdrawal of various capital providers.”

ACE’s programmatic investment approach led to over one hundred investments completed over the last ten years, resulting in a consistent deployment schedule year after year. More importantly, ACE continues to generate investment exits that provide much-needed distributions to investors in today’s low liquidity environment.

ACE & Company as a whole continues to remain active. In June, the firm held a highly successful seventh edition of the Global Investment Forum titled “New World, New Choices,” partnering with Citi Private Bank. The Forum welcomed former French President François Hollande alongside over 350 members of ACE’s partner network to discuss investing, politics, and the opportunities presented by the current economic environment.

1Quartile based on Preqin 2020 vintage buyout fund benchmark