Glossary entry

French term or phrase:

aux côtés des fonds

English translation:

alongside other [or those] funds

Added to glossary by Stephanie Mitchel
Nov 15, 2007 12:57
16 yrs ago
3 viewers *
French term

aux côtés des fonds

French to English Bus/Financial Investment / Securities private equity fund management
Not getting the sense of it in this context, thanks:

"X est une société de gestion de portefeuille agréée par l’Autorité des marchés financiers (AMF) qui a vocation à gérer pour le compte d’investisseurs qualifiés des fonds de fonds de Private equity. Ceux-ci ont également vocation à investir directement dans les sociétés aux côtés des fonds (co-investissement)."

Discussion

Jonathan MacKerron Nov 15, 2007:
something like "in conjunction with"?

Proposed translations

9 hrs
Selected

alongside other [or those] funds

i.e., the management company invests primarily in funds of private equity funds, but it can also invest directly in companies, just as the PE funds do (and "alongside" them), as a co-investor, since the investee companies are presumably non-public.
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4 KudoZ points awarded for this answer. Comment: "thanks bob!"
18 mins

co-investment/joint investment

IATE

FINANCES [EP] Entrée entière
FR investissement joint
coïnvestissement Résultats 1- 3 sur 3 pour co-investissement

FINANCES [EP] Entrée entière
FR investissement joint
coïnvestissement
EN joint investment


FINANCES [COM] Entrée entière
FR accord de co-investissement
EN co-investment agreement

EN joint investment

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6 hrs

co-investment

Co-investment - Although used loosely to describe any two parties that invest alongside each other in the same company, this term has a special meaning when referring to limited partners in a fund. If a limited partner in a fund has co-investment rights, it can invest directly in a company that is also backed by the private equity fund. The institution therefore ends up with two separate stakes in the company - one indirectly through the fund; one directly in the company. Some private equity firms offer co-investment rights to encourage institutions to invest in their funds.

The advantage for an institution is that it should see a higher return than if it invested all its private equity allocation in funds - it doesn't have to pay a management fee and won't see at least 20 per cent of its return swallowed by a fund's carried interest. But to co-invest successfully, institutions need to have sufficient knowledge of the market to assess whether a co-investment opportunity is a good one.

http://www.altassets.com/hm_glossary.php

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Co-investor: Although used loosely to describe any two parties that invest alongside each other in the same company, this term has a special meaning in relation to limited partners in a fund. By having co-investment rights, a limited partner in a fund can invest directly in a company also backed by the fund managers itself. In this way, the limited partner ends up with two separate stakes in the company; one, indirectly, through the private equity fund to which the limited partner has contributed; another, through its direct investment. Some private equity firms offer co-investment rights to encourage limited partners to invest in their funds.

WORD document:
http://www.springboardenterprises.org/progeven/PRIVATE EQUIT...
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