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Merchant Banking

Multi Strategies

Five Arrows Private Equity Programme (FAPEP) is Merchant Banking’s global multi-managers private equity platform.

FAPEP capitalises on Merchant Banking's private equity expertise and over-the-cycle performance to invest globally across the private equity asset class: fund investments, secondary and co-investments.

Given Rothschild & Co's presence in 50 offices across the globe and the FAPEP team's long-standing private equity experience, FAPEP has access to an unparalleled network of contacts and benefits from unique insight into the mid-cap segment, enabling us to identify and diligence attractive opportunities.

FAPEP's focus is to give access to a selected pool of top-tier managers, while enabling access to the wide array of Rothschild & Co's private equity initiatives. In order to mitigate regional cycles, FAPEP invests in growth capital and buyout situations in Europe, in the US and in emerging markets.

Our investment strategy

Diversification across private equity strategies and fund vintages

FAPEP has the ability to invest in various private equity strategies: fund investments, secondary and co-investments. This combination of our flexibility and experience in multiple private equity strategies gives us a truly distinctive perspective.

Attractive mid-cap investment opportunities

We pursue mid-cap investment opportunities, generating appropriate risk-adjusted returns across various situations and geographies.

We focus on underlying companies who are established leaders in their market segments, operate proven business models and generate strong free cash flow. 

Global focus

Our global focus allows us to mitigate risk by investing where we find the best opportunities at any given moment, while pursuing investments with a balanced risk-return profile. 

Our approach

Partner with well-established teams

FAPEP aims to build fruitful partnerships with top performing private equity managers. We bring more than money by providing a unique perspective through access to Rothschild & Co's global network. Our stable capital base enables us to partner with established teams for the long term across successive fund vintages.

In addition to fund investments capabilities, we can also provide private equity managers with secondary combined with ample direct co-investment firepower, enabling us to act as an experienced and user-friendly partner in specific situations. 

Focus on capital preservation

Thanks to its widely diversified portfolio, conservative views on leverage and disciplined investment approach, FAPEP aims to generate attractive risk-adjusted returns with strong downside protection.

Our team

Mireille Klitting

Managing Partner of FAMS