OpCapita raises €350m for second fund
Pan-European turnaround specialist OpCapita has held a final close for its latest vehicle, OpCapita Consumer Opportunities Fund II, on its hard-cap of €350m.
The fund is more than three times the size of its predecessor, which had a target of up to €150m and held a final close on €110m in 2014.
Monument Group acted as placement agent in the latest fundraising.
Investors
The GP said in a statement its latest vehicle received commitments from global investors including pension funds, endowments, funds-of-funds, family offices and charitable foundations.
Investments
OpCapita Consumer Opportunities Fund II will have a pan-European remit. The GP has historically invested predominantly in the UK, Germany, France and Spain.
As with its predecessor, the latest vehicle will target underperforming assets in the consumer, retail and leisure sectors. However, unlike the GP's first fund, which had a two-year investment period, the latest vehicle will be invested over five years.
Most recently, the GP invested in womenswear retailer AppelrathCüpper, which it acquired from Advent International in May 2016.
People
OpCapita – Henry Jackson (founder, CEO).
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