HSBC Syndicate II oversubscribed at

The HSBC European Private Equity Syndicate II closed on 30 June in excess of its target, having raised E250m. The syndicate is a closed-ended trust scheme based in Guernsey. Minimum commitments were E250,000 with E50,000 increments. It is made up mostly of private individuals and family offices. The low commitment level (E250,000) is designed to allow private clients, who might not otherwise be able, to invest in private equity vehicles. The syndicate will invest directly into the Montagu III LP. Montagu's vehicle will invest predominantly in North-Western Europe, focusing on investments between E70-700m in which it intends to take controlling stakes.

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