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Laxman Pai, Opalesque Asia: Ufenau Capital Partners, a privately owned investment company headquartered in Switzerland, has held a final close for Ufenau VII on its EUR 1bn ($1.1bn) hard-cap.
"The fund was swiftly closed at the hard cap, following strong demand from global investors despite the pandemic. The hard cap was reached in under three months from the formal launch of the fundraising," claimed a press release from the asset manager.
Ufenau VII is significantly larger than its predecessor fund, Ufenau VI, as a result of strong and undiminished demand from both existing and new investors, it said.
"In addition to more than 70 entrepreneurs of the Ufenau industry partner network, we are proud to have attracted a broad set of institutional investors from Europe, the USA, and Asia," the release added.
Ufenau VII will focus on asset-light companies in the D/A/CH region, Benelux, and Iberia, within service sectors where it has built in-depth knowledge over the years due to the acquisition of majority stakes in over 230 companies. In addition, the company has tripled the team size since 2019 when Ufenau VI was raised, to more than 35 professionals today, whilst also opening a second office in Spain, to further support expansion.
Ralf Flore, Managing Partner at Ufenau said: We are delighted to have successfully raised Ufenau VII at its hard cap. Ufenau VII marks an important milestone in our development as a firm. We are excited about the segment and continu...................... To view our full article Click here
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