Listed investment firm Wendel has completed its acquisition of a controlling stake in Committed Advisors, with BNP Paribas Asset Management Alts’ (BNPP AM Alts) GP stakes platform also participating in the transaction.
Under the terms of the deal, Wendel has acquired 56 per cent of mid-market-focused global private investment firm Committed Advisors from its founding partners, who also reinvested all of their net proceeds in Committed Advisors’ funds.
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The remaining 44 per cent of Committed Advisors’ share capital will be acquired by Wendel through subsequent transactions scheduled between 2029, 2032 and 2035.
In addition, BNPP AM Alts, through its GP Stake investment strategy managed by the Prime unit, for a diversified pool of investors, has purchased a 5.9 per cent stake in Committed Advisors from Wendel. It is part of the ongoing active deployment of the BNPP AM Alts’ GP Stake strategy by its investment team, which currently manages €540m (£469m) and aims to identify blue-chip private market players.
The partnership sees Committed Advisors become the secondary market specialist within Wendel’s asset management platform, Wendel Investment Managers, which already covers buyout through IK Partners and private credit through Monroe Capital.
Last year, Wendel completed a similar joint transaction with Monroe Capital, with Wendel acquiring a 75 per cent stake in Monroe Capital and BNPP AM Alts’s Prime Unit, formerly AXA IM Prime, taking a minority stake.
Following the deal with Committed Advisors, Wendel Investment Managers is expected to manage more than €49bn in assets and to generate over €200m in fee-related earnings on a pro forma basis in 2026 across private equity, private debt and private market solutions.
“It’s a great privilege for Wendel to partner on the next chapter of Committed Advisors’ growth with such a renowned investor as BNPP AM Alts and its full ecosystem,” said Laurent Mignon, chief executive of Wendel.
“Their commitment to our business will provide meaningful and stable capital to thoughtfully further scale our platform and better capture the attractive and expanding opportunity in middle market private markets.”
Gilles Dusaintpère, head of GP stake investments at BNPP AM Alts, added: “As a minority shareholder, we will accompany Committed Advisors on its next stage of growth, leveraging its key position as a high-quality, leading secondary manager. This partnership underscores the strength of the franchise and reflects our strong conviction with regards to the broad development of the secondaries market across all its dimensions.”
Founded in 2010, Committed Advisors provides solutions to investors and general partners seeking liquidity solutions for their private equity assets, managing €7.7bn of private assets on behalf of third-party investors. The firm has completed in excess of 250 transactions since inception.
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