Brockhaus to close third fund by year-end

Brockhaus's third growth capital fund Private Equity III has an estimated target of €170m and plans to hold a final close by the end of Q4 2013.

The fund has already received commitments from existing as well as new investors. It seeks to inject growth capital into technology companies with a strong growth potential in the German mid-market.

Brockhaus's second fund, Brockhaus Private Equity II, held its final close on €125m in 2007. The LP base included funds-of-funds, insurance groups and banks already invested in the GP's maiden fund. New international investors including family offices, endowments, pension funds and funds-of-funds also committed to the vehicle, according to unquote" data. The GP's maiden fund closed in 2001 on €53m. The vehicle had a target of €100m.

The private equity house's latest deal was the divestment of ATT Systems – a portfolio company acquired via BPE II.

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