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April 16, 2025

Willkie represented Five Arrows, the alternative assets arm of Rothschild & Co, in the formation of Five Arrows Secondary Opportunities VI (FASO VI), a €2 billion fund focused on GP-led secondary investments.

On April 15, Five Arrows announced that it completed the fundraising for FASO VI, its sixth secondaries fund, exceeding its original target and securing total capital commitments of €2 billion. The fund targets middle market GP-led secondaries in Europe and North America that have a focus on companies in the healthcare, business services, software and IT sectors.

Willkie previously advised Five Arrows on the formation of its €1 billion predecessor fund, FASO V, in 2020. 

The Willkie team was led by partner Nathalie Duguay and included associates Thibault Dupont-Nougein and Marie-Charlotte Inedjian.