Perusa changes fundraising strategy

The firm has agreed an alternative funding structure with LPs, which it will review after 12-18 months.

Unquote previously reported that Perusa was gearing up to launch its third fund with a target of €250m.

Perusa did five deals out of Perusa Partners II between its final closing on €207m in November 2011 and December 2016. It then did five more deals between September 2017 and January 2018, according to Unquote Data.

The new structure is said to be more appropriate for the turnaround nature of the firm's investments, which leads to this non-standard rate of deployment.

It will also enable the GP to offer more co-investment opportunities to its LPs. The firm is sticking to the same strategy and is said to have a healthy pipeline.

The exact nature of the new structure is not clear. Brockhaus Private Equity announced its eschewal of the standard fund model in October last year, electing instead to raise capital in a vehicle that would ultimately be listed.

MVision Private Equity Advisers acted as placement agent on Perusa's previous two funds and is taking an advisory role to the new structure.

Perusa and MVision declined to comment on the situation.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Buyout
• DACH
• Perusa GmbH
• Germany