• Five Arrows Principal Investments (FAPI) is the European corporate private equity business of Merchant Banking.

    Based in London, Paris and Luxembourg, our investment professionals manage €1.4 billion of capital focussed on investing in lower middle-market companies in Western Europe. We are currently investing from Five Arrows Principal Investments II, a €781 million fund closed in October 2015. Our first fund, Five Arrows Principal Investments I, which launched in 2010, gathered €583 million of commitments and is now fully invested and in the process of being realised.