Secondaries

Five Arrows Secondary Opportunities (FASO) is a specialist in European and US small and mid-cap GP-led secondary transactions.

Since 2003, the FASO team has provided tailor-made liquidity solutions for investors and general partners who wish to actively manage their private equity portfolios.

Our proven expertise in complex transactions makes FASO a reliable partner for GP-led secondary transactions. We deliver innovative and flexible financial solutions to suit the unique characteristics of each transaction and our counter-parties' specific objectives.

As part of the Rothschild & Co group, we have access to an unparalleled global network of experts and intelligence in the private equity mid-market. This unique perspective enables us to qualify opportunities and analyse transactions.

We share the guiding principles of the Group, a strategic and responsible financial services partner, with a strong commitment to sustainability.

Our distinct positioning

With an established position in the European mid-market and a growing presence in the US, the FASO team leverages nearly two decades of experience and relationships to construct portfolios of assets in which we have strong conviction and are managed by committed and aligned general partners.

The growth of the secondary market and the depth of assets in the mid-market offer an attractive landscape to execute on our strategy.

We are generally sector agnostic, however our bias is to focus on transactions in the healthcare, software & IT and business services segments as we believe those sectors are supported by positive structural market trends where we find resilience and growth. We have a bottoms-up approach with in-depth analysis supported by the distinctly insightful Rothschild & Co perspective.

Our approach

Confidentiality

We recognise that secondary transactions usually involve sharing sensitive information about companies, funds and management teams. Therefore, we consider confidentiality as our first and foremost commitment to parties with whom we engage in discussions.

In the long tradition of Rothschild & Co, we offer sellers and general partners a discreet environment to discuss assets for sale or specific financial solutions.

Partnership

We are a dedicated investor and seek to partner with GPs whose interests are aligned with ours. With a strong heritage and long-term view, we promote a values-driven culture and seek to surround ourselves with those who share our philosophy of collaboration, partnership and alignment.

Sustainability

Our sustainability strategy reflects our determination and desire to address these issues in a comprehensive, operational, and genuine manner. As a responsible secondaries investor, we seek to promote and increase awareness of ESG topics to all stakeholders along the investment cycle.