France’s Rothschild Merchant closes first U.S. fund in excess of $655 mln

France-based Rothschild Merchant Banking, the investment arm of financial holding company Rothschild & Co, announced that it has completed the final closing of U.S.-based Five Arrows Capital Partners (FACP), its first corporate private equity vehicle.

The fund has secured total capital commitments in excess of $655 million, above its target, from a globally diversified group of investors including institutions, corporations, international family offices and entrepreneurs.

The focus of FACP’s investment strategy will be on lower middle-market companies across North America valued between $75 million to $500 million. The fund's sector focus is limited to healthcare, data & software and business services with a particular focus on those companies that have scope for increased enablement of technology.

To date, FACP has already completed two investments in healthcare and data & software, reflecting the sourcing power of the platform and the experience of the team.