
Victus to come back to market in early 2022
Dutch private equity firm Victus Participations is looking to start raising its second fund by the end of Q1 2022, managing partner Guus Overdijkink told Unquote.
The new fund will be slightly larger than the firm's debut vehicle, aiming for up to EUR 130m. Victus has not secured any commitments for the second fund yet and expects to make a formal start on the fundraising early next year. It expects a first closing to take place by the end of H1 2022.
The vehicle will pursue the same strategy as its predecessor, targeting mature agriculture- and food-related businesses, with active support for add-ons. The ticket size might be somewhat higher – between EUR 3m and EUR 30m – Overdijkink said. It will target between eight and 12 investments.
The second fund will welcome incumbent investors, which include families and entrepreneurs involved in the agri-food sector. The fund specifically targets investors from which it can benefit in terms of their industry networks and portfolio management skills, Overdijkink said. The sponsor will also target several institutional investors in the Benelux region, he added.
Victus is currently looking to add one more portfolio company to its EUR 90m debut fund, according to Overdijkink. The Benelux-focused vehicle was raised in 2018 and has eight portfolio companies, which all operate in the agriculture and food sectors. It is yet to make an exit.
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