French: aux côtés des fondsEnglish translation: alongside other [or those] funds KudoZ The KudoZ network provides a framework for translators ... More |
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French to English translations [PRO] Bus/Financial - Investment / Securities / private equity fund management | | French term or phrase: aux côtés des fonds | 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)." |
| | Clarification request(s) and response
| | alongside other [or those] funds | Explanation: 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. |
| Selected response from: rkillings United States
| Note from asker to answererthanks bob! 4 KudoZ points were awarded for this answer |
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18 mins confidence:   |
| co-investment/joint investment
Explanation: 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
| Michael H G Mauritius Works in field Native speaker of: French PRO pts in category: 4
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6 hrs confidence:  |
| co-investment
Explanation: 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%20EQU...
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9 hrs confidence:   |
| alongside other [or those] funds
Explanation: 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.
| rkillings United States Specializes in field Native speaker of: English PRO pts in category: 59
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