Langham Hall Supports Successful Launch of Sarasin Bread Street’s Multi Vintage Private Equity Fund
Langham Hall is proud to have supported Sarasin Bread Street with the successful launch of its inaugural Bread Street Multi Vintage Private Equity Fund (‘MVPE Fund’), which has secured €124 million in investor commitments.
Contributors
This fund is the first private equity strategy raised by Sarasin Bread Street following the leadership team’s move to Sarasin & Partners LLP in 2022. The MVPE Fund has attracted significant interest from a broad range of investors, including family offices, UHNW investors, charities, and specialist private equity secondary funds. Its unique single-manager, multi-vintage approach provides investors with access to a diversified portfolio of private company investments managed by global investment firm Carlyle, spanning vintage years from 2014 to 2024. Additionally, the MVPE Fund will make a primary commitment to Carlyle’s Corporate Private Equity platform, enhancing its exposure to blue-chip private equity opportunities.
A key feature of the MVPE Fund is its use of a €33 million working capital facility provided by Natixis Corporate & Investment Banking. This facility, secured through a Guernsey security package, enables the MVPE Fund to efficiently manage capital deployment, enhancing its overall return profile for investors.
Langham Hall has been selected to provide fund accounting and administration services from our Guernsey office. Leveraging our experience as a leading fund administrator, we provided comprehensive support in establishing the fund vehicles and the general partner structure, obtaining necessary regulatory approvals from the Guernsey Financial Services Commission, and overseeing the fund’s first close.
Tom Chamberlain, Partner at Langham Hall commented: “We are committed to supporting innovative funds like MVPE, ensuring seamless management from launch through to ongoing operations. We are proud to have contributed to the successful establishment of this fund, which represents a significant milestone for Sarasin Bread Street and a valuable opportunity for investors to access high-quality private equity investments.”
Alex Barr, Head of Sarasin Bread Street added: “Langham Hall have proved to be a knowledgeable and supportive partner through the fund and capital formation processes for the MVPE fund and we particularly value the seamless connectivity between their Guernsey and London operations.”
We look forward to continuing our partnership with Sarasin Bread Street as they expand their innovative fund offerings, delivering unique investment opportunities that align with long-term market themes.
