Five Arrows
Alternative assets arm of Rothschild & Co
Also known as Five Arrows Managers, Five Arrows Managers S.A.S., Five Arrows Principal Investments, FAPI
Alternative assets arm of Rothschild & Co (founded 2009): corporate private equity, GP-led secondaries, multi-manager funds and direct lending in Europe and North America; €29bn+ AUM (Sept 2025).
- HEADQUARTERS
- Paris, France
- FOUNDED
- 2009
- AUM
- €29B (2025)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 13 people
Focus
- STAGES
- GrowthBuyout
- SECTORS
- Software & SaaS
- ASSET MIX
- Private equityFunds (as LP)Private credit
- GEOGRAPHY
- EuropeNorth America
Overview
Five Arrows is the alternative assets arm of Rothschild & Co, founded in 2009, managing funds for corporate and secondary private equity, multi-manager programmes and co-investments, broadly syndicated loans and direct lending. Its corporate private equity team invests in the lower mid-market (€30M–€100M equity tickets), mid-market (€100M–€300M) and upper mid-market (over €400M) in Western Europe and North America, in data and software, healthcare and technology-enabled business services. Investors include institutions, corporations, family offices and entrepreneurs, alongside commitments from the Rothschild & Co Group and the teams. It reported more than €29bn of assets under management in September 2025, with offices in Paris, London, Luxembourg, New York, Los Angeles and San Francisco.
Investment thesis
Corporate private equity: asset-light service businesses or product businesses with a strong service component in data and software, healthcare and technology-enabled business services, with entrenched market positions, visible organic growth and strong cash generation; growth capital, replacement capital and buyouts alongside entrepreneurs, families, management, sponsors and corporates. Multi Strategies: GP-led secondaries, primaries and co-investments in the European and US small-mid market.
PORTFOLIO (12)
- StarRezNOTABLESoftware & SaaS · since 2026
- KplerNOTABLESoftware & SaaS
- SocotecNOTABLE
- Solvares | TotalmobileSoftware & SaaS
- Blue MountainSoftware & SaaS
- NeptingFintech
- HubloSoftware & SaaS
- PadoaSoftware & SaaS
- Intescia
- Softway MedicalSoftware & SaaS
- Expana
- iadReal Estate & PropTech
People
- Javed KhanManaging Partner of Rothschild & Co | CEO of Five Arrows · source
- Emmanuel RothGlobal Head of Corporate Private Equity · source
- Mireille KlittingManaging Partner and Head of Five Arrows Multi Strategies · source
- Michael ClancyGlobal Head of Credit Management · source
- Marc-Olivier LaurentChairman of the Rothschild & Co Supervisory Board & Managing Partner FALT · source
- Alexandre de RothschildExecutive Chairman of Rothschild & Co (FA Management Committee) · source
- Jean-Daniel BertonciniCo-Head of Five Arrows Growth Partners (FAGP) · source
- Olivier BaronHead of FASA · source
- Vivek KumarPartner · source
- Seif KhoufiPartner · source
- Edouard VeberCo-Managing Partner, Five Arrows Debt Partners IV · source
- Martin HookCo-Managing Partner, Five Arrows Debt Partners IV · source
- Benjamin BreardPartner, Five Arrows Multi Strategies · source
Links
Frequently asked questions
Five Arrows is a private equity fund based in Paris, France, founded in 2009.
Yes. Five Arrows invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Five Arrows invests at Growth and Buyout stages in Software & SaaS.
Five Arrows's stated ticket size is From €30M.
Key people at Five Arrows include Javed Khan (Managing Partner of Rothschild & Co | CEO of Five Arrows), Emmanuel Roth (Global Head of Corporate Private Equity), Mireille Klitting (Managing Partner and Head of Five Arrows Multi Strategies) and Michael Clancy (Global Head of Credit Management).
Five Arrows's investments include StarRez, Kpler, Socotec, Solvares | Totalmobile, Blue Mountain, Nepting, Hublo and Padoa, among others.
The most recent publicly reported investment by Five Arrows is StarRez (Strategic investment (alongside Vista Equity Partners)), announced in Jan 2026.
Yes. Five Arrows manages capital from outside investors.