Stirling Square hits €600m final close

The newly raised vehicle is larger than its €375m predecessor, Stirling Square Capital Partners II, which closed in March 2010.

Rede Partners acted as placement agent while Clifford Chance provided legal advice.

The fund, which launched in the second half of 2014, has already made three investments since its first close in December 2014. Investments include French holiday Park operator Siblu, and UK-based National Fostering Agency and Vision Ophthalmology.

Investors
The fund received commitments from 60% of investors in Stirling's previous funds, which comprise pension funds, funds-of-funds, insurance companies, endowments, family offices and sovereign wealth funds. Investors hailed from Europe, the US, the Middle East and the Asia-Pacific region.

The Stirling Square team committed 7% of the fund's total.

Investments
The new vehicle will follow the investment strategy of its predecessors, targeting mid-market companies throughout Europe. Stirling Square invests in companies with enterprise values of between €50-500m.

People
Stirling Square - Stefan Bonfiglio (managing partner).

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