Integra holds second close on €75m for maiden fund

The fund held a first close on €21.5m in Q4 2018 with the backing of a number of entrepreneurs, family offices and the three Integra Capital Partners founders, Johan Heirbrandt, Ralf De Clercq and Bernard Hendrikx. The final close, expected to exceed €100m, should take place by Q4 2019.

Investors
The second closing expands the original group of around 10 investors to more than 50, many of which are entrepreneurs. The fund will now look to attract institutional LPs.

Investments
Integra Fund will complete investments in local SMEs, investments in international private equity funds and co-investments with these funds.

It takes majority and minority positions of between €1-15m in Belgian SMEs, alongside entrepreneurs, family shareholders and management, with a focus on companies with EBITDA of more than €1m.

On the other hand, for international private equity fund investments, Integra Fund focuses on buyout and growth capital funds. It will take commitments starting from €5m.

Since its inception, Integra Fund has already completed three investments. It backed the Belgian-based Sack Zelfbouw, a business specialising in self-build kits for heating, sanitation, ventilation and bathrooms, which generated a turnover of over €16m in 2018.

Integra also acted as an LP for two funds: L Catterton Europe IV, a private equity fund that invests in European medium-sized growth companies in the consumer sector; and MML Capital VII, a transatlantic PE fund investing in business services.

People
Integra Capital Partners – Johan Heirbrandt, Bernard Hendrikx, Ralf De Clercq (co-founders, partners).

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• Topics
• Funds
• Benelux
• Fund-of-funds
• Buyout
• Belgium
• Belgian fundraising