Willkie’s Paris office represents Rothschild & Co in the fundraising of Five Arrows Secondary Opportunities V (FASO V). Willkie client Rothschild & Co announced that it had completed the fundraising for FASO V. Specialized in the European small and mid-market, FASO V is the 16th fund raised above its expected target by Rothschild & Co's Merchant Banking business over the last 10 years. This brings its total assets under management to approximately €13 billion across four strategies: corporate private equity; senior and junior credit; primary and secondary fund investing; and co-investments.

FASO V was oversubscribed receiving total capital commitments of €1 billion, materially above the initial target of €700 million. Investors represent a globally diversified group of institutions, corporations, international family offices and entrepreneurs.

The deal was handled by partner Nathalie Duguay with the assistance of associates Raphaël Bloch and Barbara Botbol.