Munich Private Equity Partners launches fundraising for MPEP IV

The fund is targeting €250m and has so far received €100m from its cornerstone institutional investor, RWB Group, enabling it to hold a first close. It is now open to commitments from third-party investors.

The vehicle expects to hold a final close in H2 2021.

MPEP announced the final close of its third fund on €162m in July 2020, as reported, surpassing its target of €100m.

MPEP III was the GP's first fund to be open for external institutional investor commitments. The firm's cornerstone investor, RWB, committed capital to facilitate a first close on €50m prior to the entry of third-party investors.

MPEP IV was registered in May 2018. The GP launches a new fund-of-funds vehicle roughly every 18 months.

Investors
RWB will be the vehicle's cornerstone investor, as with its previous vehicles. MPEP III's third-party LPs included pension funds, family offices, a UK university and an Italian bank, as reported. The vehicle is targeting double-digit net returns of 15% plus, and its minimum commitment was €1m.

Investments
MPEP IV has so far made 10 investments, while its predecessor had made 20 as of July 2020 and expects to be fully deployed by Q2 2021. The fund will follow the strategy of MPEP's previous vehicle, committing to mid-cap buyout-focused funds in Europe and North America, and making average commitments of €10-15m.

People
Munich Private Equity Partners – David Schäfer, Christopher Bär (managing directors).

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• Fund-of-funds
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