Alchemy Partners announces final close of Alchemy Special Opportunities Fund V at €1bn surpassing its fundraising target

Alchemy Partners announces the successful final close of its latest Special Opportunities Fund, Alchemy Special Opportunities Fund V. ASOF V surpassed its fundraising target, securing €1.0bn in total capital commitments, highlighting strong investor confidence in Alchemy’s investment strategy targeting European mid-market corporate special situations.

The Fund attracted support from a strong group of institutional investors including private and public pension funds, sovereign wealth funds, financial institutions, consultants and family offices from across the globe. Of note, the ASOF V investor base shows significant geographic diversification, with commitments from investors in North America (c.45%), Europe (c.30%) and Asia-Pacific (c.25%).

The close of Fund V allows Alchemy to continue its European mid-market corporate special situations strategy, focused on generating strong risk-adjusted returns via special situations investments across the capital structure.  Since the first Special Opportunities fund was raised in 2006, Alchemy has invested over €3bn into the strategy across c.90 transactions, with ASOF V currently c.20% deployed across 9 investments in four countries. Alchemy believes the opportunity set for the Fund is enhanced by current macroeconomic and capital market conditions, allowing the team to select investments with a superior risk-adjusted return outlook in both new and established themes, providing the basis for a well-diversified and exciting portfolio for ASOF V.

Rede is proud to act as a longstanding strategic adviser to Alchemy, working closely together since first partnering with the team in 2017 for the raise of Alchemy Special Opportunities Fund IV.