Dutch private equity firm Egeria has reached a first and final close on its Egeria Private Equity Fund IV, successfully hitting the EUR600m hard-cap.
The fund was oversubscribed, achieving the close after a swift and targeted fundraising that started mid-September.
The fund will continue to target buy-out opportunities in the Dutch mid-market, leveraging its network and reputation with business owners to source attractive, proprietary opportunities.
Due to the high levels of interest, the Fund was only shown to existing investors and a limited number of new investors, with who Egeria has built a relationship over the past years. Around 80 per cent of the fund was raised from European investors, including continuing strong domestic support from Dutch investors (ca. 25 per cent of the fund). The fund also attracted strong international interest, with ca. 20 per cent of the fund coming from North American commitments.
Caroline Huyskes, partner of Egeria, says: “We’re very fortunate to have received such a universal show of confidence from both existing and new investors, which has allowed us to reach our fundraising goals so quickly. We’re very motivated at this opportunity to build on our current successes and to continue to back and grow market-leading Dutch businesses. Despite a continuing difficult global economic environment, we continue to see attractive opportunities in the Dutch mid-market.”
Acanthus Advisers acted as exclusive placement agent for Egeria Private Equity Fund IV.
