DPE tests LP appetite for fourth fund

DPE III is currently just over 40% deployed, according to one source. The fund was 44% deployed and reserved by March 2018 when the GP closed its last deal, according to Unquote Data.

The fund could raise up to €800m according to another source, although they added that it depends on deployment and the vehicle may not launch until 2020.

Currently, the fund is deploying at approximately €160m per year, suggesting a fund size of up to €800m would be reasonable and would imply a launch date as early as Q2 2019.

DPE III held a final close in €575m in January 2017, a significant increase on the €350m raised by DPE II in 2013. Monument Group acted as placement agent for both the second and third funds.

DPE declined to comment on the plans.

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