Egeria closes Fund V on €800m

The new vehicle will continue Egeria's strategy of focusing on Dutch companies or companies with a link to the Netherlands, but will have more scope for cross-border build-up deals, according to a source close to the fundraise.

Egeria V was announced in mid-October and expects to make its first investments in mid-2018.

Egeria Fund IV closed on €600m in December 2012 after a similarly short fundraising period following its announcement in late September that year.

Acanthus Advisers acted as placement agent for the fundraise. It is the fourth time the firm has collaborated with the GP, according to unquote" data. Loyens & Loeff and O'Melveny & Myers acted as legal advisers.

Investors
Almost all the GP's LPs re-upped in the latest vehicle, and new investors included large US endowments, a German insurance company and a German fund-of-funds, according to the source.

In total the fund was backed by 15 institutional investors and funds-of-funds managers from western Europe and North America, according to a statement by the GP.

Investments
Egeria V will back Dutch businesses or companies with a strong Dutch connection with enterprise values between €50-300m. This is unchanged from the previous vehicle, though the latest fund has slightly more scope for build-ups, and this will include cross-border expansion, predominantly into the DACH region, according to the source.

People
Egeria Private Equity – Mark Wetzels (partner).

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