Waterland doubles again

Three months after its launch, Waterland has closed its fourth fund, Waterland Private Equity Fund IV, on its hard cap of EUR800m. This is double the size of Waterland's last fund that closed in 2006 on EUR400m, which was then more than twice the size of its 2004 EUR170m predecessor. MVision placed the fund.

The new fund has received commitments from more than 30 institutional investors, many of which are returning from previous funds, and secured important new commitments from pensions and foundations in the US. The largest investors are Danish pension fund ATP and AlpInvest. In a similar fashion to its predecessor, the new fund seeks to acquire s controlling stake in mid-sized companies with revenues between EUR10-150m in Benelux and Germany. The fund will look primarily towards the outsourcing and leisure & luxury areas as well as at sectors linked to an ageing population. (See page 6.)

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