At Equistone Partners Europe (Equistone) we have always believed in making public our portfolio investments and exits and welcome the steps taken by the private equity industry to codify best practice in transparency principles and good governance. In addition, we recognise that our stakeholders are interested in the structure and workings of Equistone:
Management and governance structure
The Investment Manager of our funds is Equistone Partners Europe Limited (Equistone) which is authorised and regulated in the UK by the Financial Conduct Authority. Equistone is a UK limited company ultimately owned by 35 of the key executives in the business.
Equistone makes investment and divestment decisions through a European Investment Committee, chaired by Chief Investment Officer Owen Clarke. The other members of the European Investment Committee are: Michael Bork, Guillaume Jacqueau, Peter Hammermann, Rob Myers and Grégoire Châtillon.
A Senior Management Team makes business and operational decisions on a Europe-wide basis.
The Senior Management Team comprises a Management Board and Supervisory Board, whose members are: Michael Bork, Owen Clarke, Guillaume Jacqueau, Peter Hammermann, Christiian Marriott and Rob Myers. Conflicts of interest, Corporate and Social responsibility (CSR), and wider reputational issues are all factors that are addressed at each operational or investment decision stage.
Equistone Partners Europe currently manages four funds:
- Equistone Partners Europe Fund II, formed in 2005
- Equistone Partners Europe Fund III, formed in 2007
- Equistone Partners Europe Fund IV, formed in 2011
- Equistone Partners Europe Fund V, formed in 2015
Barclays Bank PLC made a commitment to co-invest alongside the investors in Funds II and III which continues. All of the capital for Funds IV and V has been raised from existing and new investors and Barclays is an investor in neither of these Funds.
Our investors are mainly substantial institutions based in Europe, North America, the Gulf and Asia. The types of institution for which we manage capital include: sovereign wealth funds, pension funds, insurance companies, family offices and specialist private equity funds or fund managers.
Alignment of interest
Most of the executives of Equistone are partners in the business and therefore as business owners we have a high degree of empathy with the management teams who we are seeking to support in our investments. Additionally, the executives invest their own money into vehicles that invest into and alongside the funds and which entitle them to receive a carried interest in the profits generated by each fund. This closely aligns the economic interests of the executives with the investors.
Portfolio company compliance with the Walker Report
We recognise the need for transparency in our investment activity and each of our portfolio companies and portfolio exits can be found on this website. In addition, further comment on the investments and exits in a specific year are included in each of our Annual Reviews.
For further information about these issues, please contact Christiian Marriott, Fundraising and Investor Relations: firstname.lastname@example.org.