# GBOF V Feeder SCS

GBOF V Feeder SCS is a [Luxembourg](https://www.edgepedia.org/luxembourg) société en commandite spéciale (SCS) feeder vehicle that raised USD 1,134,253,000 for Gilde Buy-Out Fund V, the buyout fund of the sponsor now known as Rivean Capital; it is not a standalone private equity manager.<sup>[1](https://www.dealdata.net/filing-profile/199795/)</sup><sup> • </sup><sup>[2](https://www.northdata.com/Gbof%20V%20Co-Investment%20Feeder%20SCS,%20Senningerberg/B220348)</sup> The feeder is managed by Gbof V GP Sàrl, a Luxembourg general partner company registered in Senningerberg in June 2015.<sup>[3](https://www.northdata.com/Gbof%20V%20GP%20S%C3%A0rl,%20Senningerberg/B198047)</sup> The vehicle's record runs from its 2015 formation through the liquidation of its sister co-investment vehicles in December 2023 and management changes at the GP recorded into 2025.

## Key facts

| Fact | Detail |
|---|---|
| Legal form | Luxembourg société en commandite spéciale (SCS), a limited partnership without legal personality<sup>[2](https://www.northdata.com/Gbof%20V%20Co-Investment%20Feeder%20SCS,%20Senningerberg/B220348)</sup> |
| Registered office | Senningerberg, Luxembourg (GP registered at RCS B198047)<sup>[3](https://www.northdata.com/Gbof%20V%20GP%20S%C3%A0rl,%20Senningerberg/B198047)</sup> |
| General partner | Gbof V GP Sàrl, registered 24 June 2015, capital €12,500<sup>[3](https://www.northdata.com/Gbof%20V%20GP%20S%C3%A0rl,%20Senningerberg/B198047)</sup> |
| Amount raised | USD 1,134,253,000, fully subscribed, first sale 20 November 2015<sup>[1](https://www.dealdata.net/filing-profile/199795/)</sup> |
| Master fund | Gilde Buy-Out Fund V CV (SEC file 021-252436), sponsor Rivean Capital BV, formerly Gilde<sup>[4](https://aum13f.com/person/gbof-v-gp-sarl)</sup> |
| Vintage | 2015<sup>[1](https://www.dealdata.net/filing-profile/199795/)</sup> |
| Status | Co-investment feeder and its GP liquidated December 2023; main GP filed accounts through 31 December 2023 and recorded management changes into 2025<sup>[2](https://www.northdata.com/Gbof%20V%20Co-Investment%20Feeder%20SCS,%20Senningerberg/B220348)</sup><sup> • </sup><sup>[3](https://www.northdata.com/Gbof%20V%20GP%20S%C3%A0rl,%20Senningerberg/B198047)</sup> |

## Structure: a feeder, not a manager

The Luxembourg commercial register records the purpose of the parallel Gbof V Co-Investment Feeder SCS as acting as sole investor of Gilde Buy-Out Fund V Co-Investment C.V., which documents that the GBOF V feeder vehicles channel capital into the Gilde Buy-Out Fund V master structure rather than investing directly.<sup>[2](https://www.northdata.com/Gbof%20V%20Co-Investment%20Feeder%20SCS,%20Senningerberg/B220348)</sup> The SEC Form D filed by GBOF V Feeder SCS on 4 December 2015 is classified as a private equity fund and reports the full USD 1,134,253,000 round as sold, with nothing left to raise.<sup>[1](https://www.dealdata.net/filing-profile/199795/)</sup> A directory listing associates Gbof V GP Sàrl with Rivean Capital BV at 28 Avenue Charles de Gaulle, Luxembourg, and records the GP as executive officer of Gilde Buy-Out Fund V CV.<sup>[4](https://aum13f.com/person/gbof-v-gp-sarl)</sup>

The SCS form is the standard structuring tool for multi-party private equity funds in Luxembourg because it allows flexibility in the transfer of interests and in distribution mechanisms while requiring only limited publication of the partnership agreement; regulated Luxembourg funds also require prior authorization and supervision by the Commission de [Surveillance](https://www.edgepedia.org/surveillance) du Secteur Financier (CSSF).<sup>[5](https://mondaq.co.uk/guides/results/19/1125/all/luxembourg-private-equity)</sup> For employees of AIF managers in Luxembourg, gains on carried interest units realized after a six-month holding period are generally not taxed unless the carry represents more than 10% of the AIF's capital; this is general context, not a record of this vehicle's specific terms.<sup>[5](https://mondaq.co.uk/guides/results/19/1125/all/luxembourg-private-equity)</sup>

## People

The Form D names GBOF V GP S.à r.l. as executive officer of the feeder and lists Simon Henin, Richard March, and Christophe Ponticello as related persons, with Henin listed as a director.<sup>[1](https://www.dealdata.net/filing-profile/199795/)</sup> The registry records these three as the founding managing directors of Gbof V GP Sàrl at its registration on 24 June 2015 with capital of €12,500; the company's stated purpose is to act as general partner (associé gérant commandité) of Luxembourg limited partnerships.<sup>[3](https://www.northdata.com/Gbof%20V%20GP%20S%C3%A0rl,%20Senningerberg/B198047)</sup>

Management changed over the fund's life. Simon Henin and Christophe Ponticello ceased to be managing directors of the GP on 8 July 2019.<sup>[3](https://www.northdata.com/Gbof%20V%20GP%20S%C3%A0rl,%20Senningerberg/B198047)</sup> Marius-A. Muresan is recorded as managing director and member of the executive board on 17 September 2025, and Rashid Ejaz Khawaja was dismissed on 3 June 2025.<sup>[3](https://www.northdata.com/Gbof%20V%20GP%20S%C3%A0rl,%20Senningerberg/B198047)</sup>

## The fundraise by the numbers

The Form D reports USD 1,134,253,000 sold of a USD 1,134,253,000 round, with the first sale on 20 November 2015 and the filing on 4 December 2015, meaning the vehicle closed fully subscribed.<sup>[1](https://www.dealdata.net/filing-profile/199795/)</sup> The filing also reports finders' fees of USD 2,922,775, about 0.26% of the amount raised.<sup>[1](https://www.dealdata.net/filing-profile/199795/)</sup> A directory page shows an AUM figure of USD 155.1 million for Gilde Buy-Out Fund V CV, but this figure appears only in that directory and is unverified by any primary or journalistic source.<sup>[4](https://aum13f.com/person/gbof-v-gp-sarl)</sup>

## Related vehicles and current status

The GP acts as managing partner of the main Gbof V Feeder SCS (from 2 July 2015) and a parallel Gbof V Feeder 2 SCS (from 26 October 2015).<sup>[3](https://www.northdata.com/Gbof%20V%20GP%20S%C3%A0rl,%20Senningerberg/B198047)</sup> A separate co-investment feeder, Gbof V Co-Investment Feeder SCS, was registered on 19 December 2017 with capital of €100 and its own GP, Gbof V Co-Investment GP Sàrl.<sup>[2](https://www.northdata.com/Gbof%20V%20Co-Investment%20Feeder%20SCS,%20Senningerberg/B220348)</sup>

The co-investment vehicles were wound up at the end of 2023: liquidation was announced on 7 December 2023 with Aztec Financial Services (Luxembourg) SA as liquidator, the feeder's termination took effect on 28 December 2023, and the co-investment GP's termination took effect on 29 December 2023.<sup>[2](https://www.northdata.com/Gbof%20V%20Co-Investment%20Feeder%20SCS,%20Senningerberg/B220348)</sup> The main GP company itself remained active in the registry: it filed annual accounts through the year ending 31 December 2023, RCF (GP) Stichting became a shareholder on 24 May 2024, and management changes were recorded into September 2025.<sup>[3](https://www.northdata.com/Gbof%20V%20GP%20S%C3%A0rl,%20Senningerberg/B198047)</sup> The registry evidence covers the co-investment vehicles' wind-down only; whether the main GBOF V Feeder SCS has itself been wound up is not documented in the available sources.

## References

1. Filing Profile - 199795 (GBOF V Feeder SCS Form D), DealData. https://www.dealdata.net/filing-profile/199795/
2. Gbof V Co-Investment Feeder SCS, Senningerberg, Luxembourg, RCS B220348, North Data. https://www.northdata.com/Gbof%20V%20Co-Investment%20Feeder%20SCS,%20Senningerberg/B220348
3. Gbof V GP Sàrl, Senningerberg, Luxembourg, RCS B198047, North Data. https://www.northdata.com/Gbof%20V%20GP%20S%C3%A0rl,%20Senningerberg/B198047
4. Gbof V GP Sarl | AUM 13F. https://aum13f.com/person/gbof-v-gp-sarl
5. Luxembourg Private Equity Comparative Guide, Mondaq. https://mondaq.co.uk/guides/results/19/1125/all/luxembourg-private-equity

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*Topic: Encyclopedia › Society and history › Economics and business › Finance › Venture capital and private equity › Private equity and buyout firms of the Americas › Buyout and control firms › Global firm fund families*

*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*

*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*

License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license
