ACE & Company (ACE), a Geneva based global investment group specializing in private investments, has announced the closing of its fourth private equity co-investment fund ("ABO IV") at $244 million in commitments, surpassing its $200 million target. It is the largest fund raised to date across ACE's investment strategies. The ACE Buyout program has completed over 70 co-investments since 2011, establishing a reputation as a preferred partner to private equity sponsors.

Adam Said, Founder and CEO, comments, "We are humbled by the confidence and support from our investors amidst an unprecedented period of volatility and uncertainty. While others moved to reduce risk during the depths of the downturn, we deployed aggressively to capitalize on the dislocation. The timing of this fund, launched in May 2020, could not have been better."

ABO IV will continue the strategy of its predecessor funds, supporting high caliber sponsors in their core areas of expertise. While the fund has a North American focus, it will ultimately include 20 to 25 companies diversified by sector, size, deal archetype and general partner. Leveraging ACE & Company's extensive network, the Fund will identify and pursue the best opportunities across the private equity universe.

Relative to prior funds, ABO IV will include an increased allocation to emerging managers. Rob Callahan, Head of ACE Buyout Strategy, says, "We like these managers because they generally bring large cap experience, network, and resources to investments in the lower mid-market - a market in which high growth companies can be found at attractive valuations."