Investment Program Overview

In managing the program, Access aims to generate a superior risk-adjusted return through enhanced diversification and selectivity. Access will endeavour to achieve such objective by mixing appropriately, primary fund commitments and secondary transactions in the smaller buy-out fund market.

The program actively invests in the best performing teams managing funds of less than €1 billion in size. It targets sub €100 million enterprise value companies at entry. Access aims to be a large primary investor in smaller funds with high return targets and privileged terms and conditions, a secondary buyer of choice in small and mid-market funds and a sophisticated value add co-investor.

Key drivers of value are pricing discipline, controlled levels of leverage, combined with turnover and EBITDA growth, achieved organically and/or using a buy-and build model. The strategy reflects Access’ investment philosophy that fundamental value creation is a more robust and sustainable source of return, through economic cycles, than sole reliance on financial leverage.