Montagu reaches €2.75bn hard-cap for Fund V

The GP had held a first close on €2.2bn for the vehicle at the end of June – Montagu was believed at the time to have started marketing the fund in March, meaning the whole fundraise has taken just six months. The fund's predecessor, Montagu IV, held a final close on €2.5bn in April 2011 following a similarly short fundraising effort.

Quest Fund Placement acted as global placing agent on behalf of Montagu to help raise Fund V. HSBC Trinkaus was mandated as German placing agent, while Proskauer acted as legal adviser.

Montagu joins the select club of GPs that have closed significant Europe-focused funds this year, with the likes of PAI Partners, Carlyle and Bridgepoint all raising multi-billion vehicles. The list is so far topped by EQT's €6.75bn effort.

Investors
Montagu stated it had been able to attract increased commitments from pension funds, insurance companies and sovereign wealth funds from the US, Europe, the Middle East and Asia.

Investments
Montagu targets European buyouts valued in the broad €100m-1bn range. The firm most recently acquired Danish property management and services provider DEAS Holding from pension funds PKA and Sampension. The acquisition was made through Montagu's fourth fund.

People
Jason Gatenby is CEO of Montagu.

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• Topics
• Buyout
• Montagu Private Equity
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