Mirabaud launches second private equity fund

Geneva-based Mirabaud Asset Management has launched a second private equity fund which will invest in the luxury consumer goods sector.

The launch of the ESG-compliant fund follows the successful launch of a private equity fund that invested in “living heritage” companies in the luxury and lifestyle sector which closed in December 2018 with assets of €155 million.

The new fund will particularly focus on new technologies and younger brands with business innovators in the lifestyle industry.

To implement the strategy that will mix capital development and venture capital, Mirabaud Asset Management has appointed a new private equity partner, David Wertheimer, who has a background in the fashion industry.

Wertheimer said: “Identifying the key players of tomorrow’s landscape in this ever more competitive world of digital information, fashion and experiences in a sustainable way is what motivates me daily.”

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