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Our strategy

Exploiting private equity market dynamics

Florestan aims to exploit the market dynamics of private equity, focusing on single-asset continuation funds to achieve a higher risk/return potential than traditional LBOs.

Our approach focuses on mature and profitable companies (EBITDA >€20 million) located in Europe in growth sectors.

Geography

Florestan, a pan-European fund

Continuation funds

The opportunity to invest in Europe's best-performing companies

TRADITIONALMODELCONTINUATIONFUNDCOMPANY4-5 years holding4-5 years holding4-5 years holding4-5 years holdingManager 1Manager 2Manager 3Manager X• • •IPO orSTRATEGICManager 14-5 years holdingThe same manager extends its holdingin a new fund

A strategic niche

Continuation funds

25%market CAGR

  • The emergence of the continuation fund market in Europe is opening up opportunities for new players. This market, worth over $100 billion, is growing by more than 25% per year and is mainly structured in the United States.
  • The maturity of traditional private equity funds creates arbitrage opportunities, as some investors have to sell their securities at a discount due to a lack of liquidity.
  • In a context where the best companies move from fund to fund, managers have an interest in renewing their holdings in their best companies rather than selling them to a competing manager.

Continuation fund market volumes

$16B2017
$28B2019
$48B2023
$75B2024
+$100B2025

Market source — Lazard secondary market report.

Our DNA

Sourcing · Analysis · Pragmatism

01

Quality sourcing

Direct relationships with leading European GPs.

02

In-depth analysis

In-house due diligence, asset by asset, without delegation.

03

Opportunistic approach

Clear structuring, with taxation and liquidity at the heart of decisions.