Karmijn Kapitaal closes second fund on €90m hard-cap

The fund was oversubscribed as a result of keen interest from both existing and new investors, Karmijn said in a statement. While its first fund, Karmijn Kapitaal I, was raised in almost three years, the second was raised in 10 months, having launched in August last year.

Karmijn I was launched in 2011 and is currently fully deployed. It was mostly invested in Dutch consumer brands such as lingerie designer Marlies Dekkers, brewery Jopen Beer and shoe brand Fred de la Bretonière.

Investors
The majority of investors in the first fund (70%) also invested in the second vehicle. New backers include several international institutional investors and Dutch entrepreneurial families.

Investments
A first investment was already made with the fund when Karmijn acquired a majority stake in Kunst.nl, the Dutch B2B art rental service, in early June.

Karmijn invests in Dutch small and mid-sized companies, typically with a turnover within the €10-35m range through €2-10m tickets. The GP looks at later-stage companies that have been operating for a minimum of five years.

Although Karmijn has largely been focusing on consumer brands so far, the firm is willing to keep diversifying its portfolio.

Its first vehicle pursued an unusual investment strategy: the vehicle only invested in companies with diverse management teams, where at least a quarter of the management is female.

People
Karmijn Kapitaal – Cilian Jansen Verplanke (partner).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Benelux
• Netherlands
• Benelux