Waterland holds €2bn final close

The figure is significantly in excess of the amount raised by the fund's predecessor, which held a final close on €1.25bn in April 2015.

In a statement, the GP said demand exceeded the fundraising target with continued support from existing investors as well as interest generated from new investors. 

MVision acted as placement agent on the fundraise, while Clifford Chance provided legal advice.

Investors
Waterland Private Equity Fund VII (WPEF VII) received 40% of its commitments from institutional investors in Europe, while commitments from the US made up 42%. Commitments from Asia Pacific and the Middle East contributed 12% and 6%, respectively.

Public pension plans represent the largest proportion of the investor base – Texas County & District Retirement System notably committed €50m, according to unquote" data.

Investments
WPEF VII will focus on investments in medium-sized companies in northern Europe, including in Benelux, DACH, Poland, the UK and the Nordic region. As with previous funds, the GP will apply a buy-and-build investment strategy when deploying capital.

Recent investments by Waterland include Enhesa, a Brussels-based IT platform specialising in environmental, health and safety (EHS) services; and German financial software developer Hanse Orga.

People
Waterland – Frank Vlayen (CEO).

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