Charterhouse closes ninth fund on EUR4bn

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Fund

Buyout house Charterhouse has closed its latest buyout fund, Charterhouse Capital Partners IX, on EUR4bn - EUR2bn short of its target. The firm held a EUR3.6bn first close of the vehicle in late 2008 and was targeting EUR6bn. Though a significant drop, the fully closed total does mean that the fund is the same size as its predecessor, which closed in March 2006.

Investors

Massachusetts Pension Reserves Investment Management Board committed EUR80m, while Washington State Investment Board provided EUR200m. San Francisco Employees' Retirement System invested EUR25m.

Investments

Charterhouse invests in industrial and commercial sectors in Western Europe, with a particular interest in service companies that are profitable and cash-generative. The fund will have a special focus on companies in the UK and France.

People

Charterhouse is headed by Gordon Bonnyman, who is supported by a team of 20 executives. The firm has offices in London and Paris.

Name: Charterhouse Capital Partners IX

Closed on: EUR4bn

Focus: Buyouts, Europe

Address: Charterhouse Capital Partners LLP

7th Floor

Warwick Court

Paternoster Square

London

EC4M 7DX

Tel: +44 20 7334 5300