OpenGate closes Capital Partners II fund on $585m

The second-generation fund was registered in September 2018, according to Unquote Data.

The fund's predecessor, OpenGate Capital Partners I, closed on $305m in 2016.

UBS Securities acted as placement agent, and Kirkland & Ellis acted as legal adviser to OpenGate. 

Investors
OpenGate's second institutional fund comprises 23 investors, including pensions, asset managers, consultants, funds-of-funds, wealth managers and insurance companies based in the US, Europe and the Middle East.

Investments
The new fund will continue OpenGate's strategy of investing in lower-mid-market businesses throughout North America and Europe operating in the industrials, technology, consumer and business services sectors.

The vehicle has completed six platform investments this year, including France-based SMAC.

People
OpenGate Capital – Andrew Nikou (founder, CEO).

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

• Topics
• Funds
• Buyout
• OpenGate Capital
• US