Mirabaud Asset Management has launched a second private equity fund that will invest in lifestyle impact and innovation following the closure of its first private equity strategy after reaching €155m in December 2018.
While the first private equity strategy was dedicated to "Living Heritage Companies" in the luxury and lifestyle sector, this new fund will invest in new technologies, and younger brands with business innovators in the lifestyle industry.
Mirabaud Asset Management has appointed David Wertheimer, a new private equity partner, to implement the new fund by mixing capital development and venture capital.
Renaud Dutreil, former French Minister of Small & Medium-Sized Businesses and former President of LVMH North America, and Luc-Alban Chermette will also be key men in this project.
David Wertheimer, Mirabaud AM's new private equity partner, said: "Identifying the key players of tomorrow's landscape in this ever more competitive world of digital information, fashion and experiences in a sustainable way is what motivates me daily."
Renaud Dutreil, added: "The Private Equity offering of Mirabaud has all the characteristics that investors are looking for: an international presence on a human scale, a clear and specialized positioning, a hands-on management approach, a passion for investing, entrepreneurship and a DNA that puts excellence and the alignment of interests at the heart of its value chain.
"For David Wertheimer, Luc-Alban and myself, working with Mirabaud and its 200 years of family and entrepreneurial history is the perfect set-up to create value for our investors."