Marlin closes first European fund on €325m

The vehicle was offered exclusively to existing investors in Marlin's lower-mid-market-focused Heritage Fund. The hard-cap close was held after just two months on the road, exceeding the initial target of €200m.

Kirkland & Ellis served as legal counsel, while Credit Suisse Securities was adviser and placement agent.

Marlin stated the Heritage Europe Fund is a result of its increasing involvement in Europe. The firm has invested in Europe since 2006 and has maintained a London office, in addition to its Los Angels headquarters, since 2013.

The maiden European fund is Marlin's sixth vehicle since its inception in 2005. The investor claims to have $3bn of capital under management.

Investors
At the time of publication, unquote" was still awaiting further information.

Investments
The Heritage Europe Fund will employ the same investment strategy as Marlin's earlier vehicles, focusing on the mid-market. This vehicle, however, is solely focused on European businesses. 

People
Marlin Equity – David McGovern (managing partner); Peter Spasov (partner).

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