Mon, Jul 13, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

IK Investment Partners closes the largest fund to date at $3.2bn hard cap

Monday, June 01, 2020

Laxman Pai, Opalesque Asia:

Pan-European private equity firm IK Investment Partners has closed the €2.85 billion ($3.17 billion) IK IX Fund, at its hard cap, exceeding its €2.5 billion fundraising target.

IK IX Fund has surpassed its predecessor, which raised €1.85bn in 2016, and is the firm's largest fund to date.

The vehicle will continue to invest across Europe in businesses with enterprise values of between €100m and €500m. It will typically look to deploy between €50m and €200m per investment initially.

The middle-market buyout fund concentrates on investments in companies in Austria, Belgium, France, Germany, Luxembourg, the Netherlands, Nordic nations and Switzerland.

The fundraise attracted significant interest from a high-quality institutional investor base across Europe (60%), North America (30%), Asia (7%) and South America (3%), with over a third of the money raised coming from new limited partners investing in IK funds for the first time.

Investors include the $225.9 billion New York State Common Retirement Fund, Albany; $91.5 billion Minnesota State Board of Investment, St. Paul; and $44.7 billion Illinois Municipal Retirement Fund, Oak Brook.

Christopher Masek, IK CEO, said: "We are grateful for the confidence of our investors in our active approach to transforming European mid-market companies through international reach and sharpened operational capacities. We are confident that the IK IX Fund is well-positioned to leverage the strengths ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Disruption from COVID-19 hits ASEAN private equity hard, VCs see much to like in Democrats' $1.5tn Moving Forward Act, US PE firms play the long game as deal-making comes back into focus[more]

    Disruption from COVID-19 hits ASEAN private equity hard Opalesque Industry Update - After a strong 2019, the ASEAN private equity industry has been shaken by the outbreak of the COVID-19 pandemic, reports Preqin. As of September 2019, ASEAN-focused private equity and venture capital asset

  2. Coronavirus crisis: PE industry mulls more realism and longer holding periods[more]

    Laxman Pai, Opalesque Asia: More realism, longer holding periods and an advantage for investors with a long-term focus - these are the main changes that investment managers in the German private equity market expect as a result of the coronavirus crisis. The PE transaction activity is not exp

  3. Multi-strategy hedge funds post double-digit gains, Tiger Global, Coatue score double-digit fund gains in 2020, Lone Pine soars after losses earlier this year, Can Pershing Square's standout year continue?[more]

    Multi-strategy hedge funds post double-digit gains From FT: Large multi-strategy hedge funds have posted double-digit gains for the first half of the year, reversing losses from March, as markets defied the economic downturn brought on by the coronavirus pandemic. Citadel Advisors

  4. Tech: Pandemic boosts digitalisation across the fund industry, The India-China bust up and what it may mean for tech, Machine learning goes global[more]

    Pandemic boosts digitalisation across the fund industry From International Investment: The pandemic has certainly accelerated change and digitalisation in ways that we never imagined, including the funds industry in Luxembourg. Business Continuity Planning and Disaster Recovery Pl

  5. New Launches: Hedge fund Marshall Wace will bet on ESG stocks with new $1bn fund, Stafford Capital raises initial $532m for ninth timberland fund, Nalanda Cap eyes $800m fund, China's Unity Ventures hits first close on US dollar fund[more]

    Hedge fund Marshall Wace will bet on ESG stocks with new $1bn fund From Forbes: Hedge fund Marshall Wace plans to raise $1 billion for a new fund that will invest in stocks with strong environmental, sustainability and governance (ESG) ratings while betting against stocks with poor rating