Robeco in EUR50m first close of "responsible" fund

01 September 2009

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Fund

Asset manager Robeco, a unit of the Rabobank group, has held a EUR50m first close of Robeco Responsible Private Equity II (RRPE II), its "responsible" private equity fund-of-funds. The fund, which has a EUR250m target, was launched in November 2008 and is based in the Netherlands. It has a lifespan of 12 years with a three-times one-year extension if necessary. The fund has no set hard-cap. Management fees, carry and hurdle have been described as "industry standard". The minimum subscription has been set at EUR5m.

Investors

As a cornerstone for the fund, Robeco will commit 15% (or up to EUR35m) of the target figure. Robeco is seeking to attract a wide array of institutional investors such as insurance companies, banks and pension funds. Among its current client base are a number of institutional investors in Europe.

Investments

RRPE II will seek to commit EUR10-15m in 20-30 private equity funds on the condition that they commit themselves to the Robeco Principles for Responsible Private Equity. These Principles will provide a proper direction and alignment with more internationally-accepted sets of responsible investment guidelines, in particular the United Nations Principles for Responsible Investment. Geographically, the fund will seek to invest in North America, Europe and emerging markets.

People

Robeco Alternative Investments has a team of 12 investment professionals.

Name: Robeco Reponsible Private Equity II

Target: EUR250m

Launched on: November 2008

Focus: Fund-of funds

Contact: Ad van den Ouweland

Address: Robeco Alternative Investments - Private Equity, Coolsingel 120, NL-3011 AG, Rotterdam, Netherlands

Tel: +31 10 224 7231

Fax: +31 10 224 2181.