RiverRock closes European SME fund on €169m
RiverRock European Capital Partners has announced the final close of its European Opportunities Fund on €169m.
The fund held a first close on €74m in June 2011. Fundraising commenced a year prior, in June 2010.
Mayer Brown and Dillon Eustace acted as legal advisers for the fund.
Investors
The German Ministry of Economics and Technology, LfA Förderbank Bayern, European institutional investors and family offices joined existing investors in committing to the fund. Existing RiverRock investors include the European Investment Fund.
Investments
RiverRock is looking to invest €5-15m per target business. Targets will be European SMEs in need of new working capital. All investments will be direct lending. The fund has a five-year lifetime with 5-10 transactions planned per year. The fund will target Western Europe, with a focus on the north.
People
Jason Carley is CIO of the fund. Florian Lahnstein is CEO of RiverRock European Capital Partners.
More on UK / Ireland
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater