Alantra has agreed to sell its minority stake in ACP, a fund-of-fund manager, for €115.1 million. The Spanish investment bank confirmed the deal will close in the second half of this year. ACP specializes in managing funds that invest in other private equity vehicles, providing investors with diversified exposure to the asset class.

This transaction marks a significant move for Alantra as it continues to optimize its portfolio. The firm has been active in recent years expanding its asset management capabilities while also streamlining certain investments. Selling its stake in ACP aligns with a broader strategy to focus on core operations and generate capital for other initiatives.

The €115.1 million valuation reflects the growing importance of fund-of-funds in private markets. These vehicles have gained popularity as investors seek access to top-tier private equity managers through a single investment. For ACP, the deal could provide resources to expand its offerings and strengthen its position in the competitive fund-of-funds sector.