
Waterland’s fifth fund raises €1.1bn
Waterland Private Equity Investments has held final close of its fifth fund, Waterland Private Equity Fund V, at €1.1bn.
The fund was launched and closed in just five months and was significantly oversubscribed, exceeding its target of €900m.
MVision Private Equity Advisers acted as global placing agent to the fund and Clifford Chance provided legal advice.
Investors
A wide range of existing and new investors have committed to the fund. The majority of LPs in the fund are pension funds and sovereign wealth funds. US-based investors make up 39% of the fund commitments, Europe 36% and Asia Pacific 25%.
Investments
WPEF V is looking to make control investments in companies active in fragmented growth markets in the Benelux, Germany, Austria, Switzerland and Poland. The investments will be used to finance organic and acquisitive growth. This strategy is in line with Waterland's previous funds.
People
Robert Thielen is chairman at Waterland Private Equity Investments.
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