capiton V holds second close

The second close took place three weeks after the first close, which saw capiton's latest fund match its predecessor on €350m.

The vehicle will not take on any further external funding, but will hold a final close in the coming weeks when the co-investment vehicle for capiton and Global PE Allianz employees has been made available.

According to capiton, the fund was oversubscribed and hit its hard-cap less than four months after the private placement memorandum was distributed.

Investors
Existing investors provided 71% of the commitments, while the remainder was provided by new investors. Backers include funds of funds, pension funds, banks, insurance companies, family offices, endowments and high-net-worth individuals.

Investments
capiton V will target mid-market firms in German-speaking Europe. It aims to take both minority and majority stakes through management buyouts and growth capital investments.

People
Manuel Hertweck is managing partner at capiton.

Advisers
Equity – P+P Pöllath + Partners, Amos Veith (Legal).

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• Topics
• DACH
• Buyout
• Germany
• capiton AG