Montagu Private Equity has close its fifth fund (Montagu V) at EUR2.75 billion, reaching the hard cap set for the fund.
Montagu V has been able to attract a broad mix of investors by type and geographical mix, including increased commitments from pension funds, insurance companies and sovereign wealth funds across the USA, Europe, the Middle East and Asia.
The first close for the fund was held on 30 June 2015 having reached EUR2.2bn in investor commitments.
Jason Gatenby (pictured), Chief Executive of Montagu Private Equity, says: “We are delighted to have completed the fundraising in such a timely manner, although, as always, we see the success of this process as a testament to the hard work we have put in over many years to give our investors a track record of consistent and competitive returns across economic cycles.”
Quest Fund Placement LLP acted as global placing advisors. HSBC Trinkaus acted as German placing advisors. Proskauer acted as legal advisors.
