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Five Arrows Managers

Five Arrows Managers

Paris, France·Founded 2008··fivearrows.com

Five Arrows is the alternative assets arm of Rothschild & Co, founded in 2008 and headquartered in Paris, France. It manages over €31 billion in assets across corporate and secondary private equity, multi-manager funds, co-investments, and credit strategies, focusing on mid-market companies in Europe and North America.

AUM
€31M
Funds
5
vintages 2014–2025
Portfolio
38
Exits
21

Five Arrows Managers is a Paris buyout firm with €31M AUM, 38 active companies and 21 exits.

Key takeaways
  • ·8 exits in the last 5 years · consistent DPI cadence.
  • ·Average hold across 21 realized deals: 6 years.
  • ·Fund cadence: ~3Y between vintages · last raise 2025.

Sector breakdown

59 companies
TMT
11 · 19%
Business Services
9 · 15%
HealthTech
6 · 10%
SaaS
5 · 8%
Healthcare
5 · 8%
Fintech
3 · 5%
Consumer
3 · 5%
MedTech
3 · 5%

Geography breakdown

12 geographies
France
20 · 34%
UK
13 · 22%
US
12 · 20%
Sweden
3 · 5%
Germany
3 · 5%
Netherlands
2 · 3%
Republic Of Ireland
1 · 2%
Spain
1 · 2%

Key facts

HQParis, France
Founded2008

Recent exits

Kpler

Five Arrows Managers sold Kpler to Sixth Street in 2026 after 4 years.

Softway Medical

Five Arrows Managers sold Softway Medical to Bain Capital Europe in 2025 after 5 years.

Harvest

Five Arrows Managers sold Harvest to TA Associates and Montagu Private Equity in 2024 after 5 years.

Five Arrows Managers sold CBA to Vivalto Partners and Amundi in 2023 after 5 years.

Coverage notes

5 funds tracked, 59 portfolio companies (38 active · 21 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Five Arrows Managers has raised, with its portfolio companies. Hand-checked from public filings.

5 funds
Five Arrows Debt Partners IV
Private Debt2025€2.4B3 assets

Unrealized

3 held
CompanyEntry
Nepting
Fintech · France
2026
StarRez
SaaS · US
2026
Vetz Petz
Healthcare · Sweden
2025
Five Arrows Secondary Opportunities VI
Secondaries2025€2.0B1 assets

Unrealized

1 held
CompanyEntry
everii Group GmbH
Software · Germany
2025
Five Arrows Principal Investments
Growth2024€1.3B32 assets19 exits

Unrealized

32 held
CompanyEntry
A2mac1
Data & Analytics · France
2017
Agilio
HealthTech · UK
2024
Alpina Group
Financials · Netherlands
2024
Averhealth
Business Services · US
2019
Blue Mountain
HealthTech · US
2025
Bridgeway Benefit Technologies
TMT · US
2021
Causeway
SaaS · UK
2021
Centric Health
Healthcare · Republic Of Ireland
2024
Everway
EdTech · UK
2024
Expana
TMT · UK
2022
GEDH
TMT · France
2022
Hublo
HealthTech · France
2025
iad
Business Services · France
2024
Intact
SaaS · Austria
2024
Intescia
Telecom · France
2022
Juvare
TMT · US
2020
Karnov Group
TMT · Sweden
2024
KEV Group
TMT · US
2025
Menix Group
MedTech · France
2017
NetVendor
PropTech · US
2025
Opus 2
TMT · UK
2024
Ovivio
TMT · Netherlands
2021
Photonis
Business Services · France
2024
Radiologie Holding
Healthcare · Germany
2019
Rimes
Data & Analytics · US
2024
RLDatix
HealthTech · US
2015
Schivo Medical
MedTech · Ireland
2024
Solifi
SaaS · UK
2024
Solvares | Totalmobile
SaaS · UK
2024
Springbrook
Software · US
2024
Sygnature Discovery
Pharma · UK
2021
Zenith American Solutions
Business Services · US
2024

Realized

19 exits
CompanyEntryExitTypeBuyerMOIC
Autodata Group
Business Services · UK
20142017Trade SaleSolera Holdings, Inc.–
CBA
TMT · France
20182023SecondaryVivalto Partners and Amundi–
eDreams ODIGEO
Business Services · Spain
20102021SecondaryInstitutional investors (public market)–
Etanco
Construction · France
20112018SecondaryIntermediate Capital Group (ICG), alongside management–
Forno d'Asolo
Consumer · Italy
20142018SecondaryBC Partners–
Harvest
Fintech · France
20192024SecondaryTA Associates and Montagu Private Equity–
Hygie31
Consumer · France
20162022SecondaryLatour Capital–
Kisimul
Real Estate · UK
20112017SecondaryAntin Infrastructure Partners–
Les Petits Chaperons Rouges
Education · France
20102016SecondaryEurazeo and Bpifrance–
Les Petits Chaperons Rouges
Education · France
20102016SecondaryEurazeo and Bpifrance–
Les Petits Chaperons Rouges
Business Services · France
20102016SecondaryEurazeo and Bpifrance–
Munters
Energy · Sweden
20112017IPOIPO (Nasdaq Stockholm)–
Pirum Group
Fintech · UK
20152019SecondaryBowmark Capital–
Prosol (Grand Frais)
Consumer · France
20112017SecondaryArdian–
Prospitalia Group
TMT · Germany
20142018SecondaryNordic Capital–
Socotec
Business Services · France
20132019SecondaryClayton, Dubilier & Rice–
Softway Medical
HealthTech · France
20202025SecondaryBain Capital Europe–
The Binding Site
MedTech · UK
20112023Trade SaleThermo Fisher Scientific–
The Stepping Stones Group
Healthcare · US
20172021SecondaryLeonard Green & Partners–
Five Arrows Growth Capital
Growth2022€78M2 assets1 exits

Unrealized

2 held
CompanyEntry
BioPhorum
Business Services · UK
2021
Padoa
HealthTech · France
2022

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
Kpler
TMT · Belgium
20222026SecondarySixth Street–
Five Arrows Direct Lending
Private Debt2014€100M0 assets1 exits

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
Dominique Dutscher
Healthcare · France
20132020SecondaryLBO France–

About Five Arrows Managers

Five Arrows is the alternative assets arm of Rothschild & Co, founded in 2008 and headquartered in Paris with €31 billion of assets under management across corporate and secondary private equity, multi-manager funds, co-investments and credit strategies. The platform leverages the multi-century Rothschild banking heritage to provide diversified alternative asset management across multiple distinct strategy categories.

Investment thesis

Five Arrows deploys capital across complementary alternative strategies including corporate private equity (mid-market buyout and growth), secondary private equity (LP-led and GP-led secondary transactions), multi-manager funds (fund-of-funds positions), co-investments alongside lead sponsors, and credit strategies (private debt and credit secondaries). The multi-strategy mandate enables Five Arrows to provide institutional limited partners with diversified European alternative asset exposure.

Recent activity

Recent realised exits include Softway Medical (healthcare, 2025), Harvest (financials, 2024) and Menix Group (healthcare, 2024), reflecting strong distribution across the multi-strategy alternative platform. The platform tracks 3 funds tracked on GP Intel, 32 active portfolio companies and 21 realised exits across the broader Five Arrows alternative asset programme.

Frequently asked questions

What investment strategy does Five Arrows Managers focus on?
Five Arrows Managers focuses on Buyout, Growth strategies in the private equity space.
How many portfolio companies does Five Arrows Managers have?
Five Arrows Managers has 38 active portfolio companies and 21 completed exits and 5 funds tracked on GP Intel.
Where is Five Arrows Managers headquartered?
Five Arrows Managers is headquartered in Paris, France.
What is Five Arrows Managers's assets under management?
Five Arrows Managers manages approximately €31M in assets under management.
When was Five Arrows Managers founded?
Five Arrows Managers was founded in 2008.
What sectors does Five Arrows Managers invest in?
Five Arrows Managers invests across Healthcare, Business Services, Software.
What are Five Arrows Managers's recent exits?
Recent realized exits by Five Arrows Managers include: Kpler (2026) to Sixth Street; Softway Medical (2025) to Bain Capital Europe; Harvest (2024) to TA Associates and Montagu Private Equity; CBA (2023) to Vivalto Partners and Amundi; The Binding Site (2023) to Thermo Fisher Scientific; Hygie31 (2022) to Latour Capital; eDreams ODIGEO (2021) to Institutional investors (public market); The Stepping Stones Group (2021) to Leonard Green & Partners.
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Last updated August 2026 · Sourced from public filings · Report an issue