LODH Euro Choice IV in EUR409m second close

Fund

Lombard Odier Darier Hentsch Private Equity has held a second close on its fourth fund-of-funds Euro Choice IV and parallel vehicles at EUR409m. The final closing is expected on 27 February 2009, with the fund targeting a total of EUR600m in commitments. The fund is set up as a Scottish partnership with other parallel vehicles particularly tailored at French and German investors. The minimum subscription is EUR7.5m, with terms and conditions described as industry standard. Mallory Capital is acting as placement agent in North America, while Debevoise & Plimpton are providing legal advice.

Investors

The diversified investor base is drawn from Europe and the US and comprises institutional investors, mainly corporate and public pension funds, family offices, endowments and financial institutions.

Investments

The fund is focused on the lower end of the European middle market and will invest in regionally and nationally anchored buyout, growth capital and, selectively, turnaround funds. The fund seeks to make some 20 fund investments across the EU 27 and select other European countries while selectively adding co-investments.

People

Christopher Bodtker leads the team of 22 professionals specialising in the European mid-market in the Zurich office.

Name: Euro Choice IV

Target: EUR600m

Closed on: EUR409m

December 2008

Focus: European lower mid-market,

Contact: Thomas Frei

Address

LODH Private Equity AG

Sihlstrasse 20

PO Box 2776

8021 Zurich

Switzerland

Tel: +41 44 214 13 42

Advisers

Mallory Capital (US Placement

Agent)

Debevoise & Plimpton (Legal).

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