Equistone closes €1.5bn fund

Equistone Partners Europe Fund IV is the GP's first vehicle since it spun-out of parent company Barclays in November 2011.

The fund held a first close on €500m at the time of its spin-out, and another interim close on €1bn in April 2012. Equistone Partners Europe Fund III closed on €2.4bn in September 2007.

Investors
The fund saw 70% of existing investors re-up for the latest vehicle. LPs include pension funds, funds-of-funds, sovereign wealth funds and insurers, 53% of which were European and 16% of which were from North America.

Investments
EPEF IV will target businesses with an EV of €50-300m across Europe, investing €25-125m, in line with Equistone's previous funds. 

People
Guillaume Jacqueau, managing partner in Equistone's Paris office, Rob Myers, managing director and leader of the UK team, and Peter Hammermann, managing director and leader of the German team, will manage investments from the fund.

Advisers
Clifford Chance provided legal advice, while Lazard acted as placement agent. 

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyout
• UK / Ireland
• Equistone Partners Europe
• United Kingdom
• Clifford Chance