Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

IK Investment Partners banks €1.85bn for Fund VIII

Tuesday, November 29, 2016

Bailey McCann, Opalesque New York:

European private equity firm IK Investment Partners has closed its eighth fund on €1.85 billion ($1.96bn), after just nine months in market. The vehicle beat its €1.6bn target and was oversubscribed. Fund VIII is larger than its predecessor vehicle, which closed on €1.4 billion in 2013. This is the second completed fundraise for IK this year - the firm closed its first fund focused on small cap investments, the IK Small Cap I Fund on €277 million in March.

Fund VIII will run IK's flagship strategy of making majority investments in companies with enterprise values up to approximately €500 million in IK’s core markets: Benelux, DACH, France and the Nordics. In an interview, Mads Ryum Larsen, Head of IR and Partner at IK Investment Partners told Opalesque that IK came to market with the fund sooner than expected as a result of significant investment activity early this year and strong investor demand. "We saw several new investors during this round of fundraising," he said.

One of those new investors is the New York State Common Retirement Fund (CRF), which committed $196 million in August according to investment disclosures released by the fund. The commitment creates a new relationship between IK and CRF. CRF typically invests in private equity through separately managed accounts and has relationships with other, domestic firms.

According to Larsen, rather than being spooked by Brexit and growth worries on......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1