Sienna Capital is the Alternative Investments platform of the publicly traded investment holding company Groupe Bruxelles Lambert (“GBL”).
Sienna Capital aims to generate attractive risk-adjusted returns by constructing a diversified portfolio consisting of investment managers performing extraordinarily well in areas such as private equity, credit and thematic funds; as well as valuable direct co-investments.
Sienna Capital acts as an active partner for the managers it invests with, and is involved in many different aspects of the funds. Sienna Capital has created an invaluable fund ecosystem whereby it supports managers in their fundraising process, talent attraction, and opportunity sourcing. Furthermore, consistent with GBL’s investment philosophy Sienna Capital provides advice on good governance and best practices drawing on the vast experience of its team.
As of April 2020, Sienna Capital’s portfolio is composed of nine managers, and five co-investments. Through 16 funds, Sienna Capital has successfully deployed capital into more than 150 underlying portfolio companies, highlighting the diversity and richness of its portfolio.
Sienna Capital’s portfolio is constituted by Ergon and Sagard, two private equity managers operating in Europe with outstanding track records and experience in this industry. Kartesia, a Credit Fund specialised in financing small and middle-market companies in Europe. Mérieux Equity partners, a healthcare and nutrition growth capital fund. PrimeStone, a fund focused on the acquisition of long-term shareholdings in mid-sized publicly traded European companies. BDT Capital partners, a fund which provdes long-term capital to closely held businesses. Backed, an early stage venture capital fund. Marcho Partners, a fund investing in publicly traded technology firms. More recently, Sienna Capital invested in Carlyle International Energy partners, a fund focused on the energy sector.
Sienna Capital has shifted its strategy to include co-investments in its already well diversified portfolio. In 2018, Sienna Capital partnered with KKR in the carve out of the Flora Foods spread business, acquiring Upfield. In 2019, Sienna Capital invested alongside Carlyle in the Spanish fully integrated and privately owned energy company, CEPSA. Sienna Capital has also invested in Pollen (formerly Verve), a globally market-crowd based marketplace for concert tickets, holidays and experiences for college students. As of recent, Sienna Capital has invested in Opseo, a provider of intensive care homes, and Palex, a company which provides advanced, and efficient hospital solutions.