Egeria has held the first and final closing of the Egeria Private Equity Fund V, having raised EUR800 million in capital commitments in a record time of just six weeks.
The fund is the largest private equity fund in Egeria’s twenty-year history.
The capital for Private Equity Fund V has been raised from predominantly fifteen institutional investors and fund-of-fund-managers Western Europe and North America. Business Development & Investor Relations Director Barbara Glaser says: “Both existing and new investors showed great interest in this fund. This is a confirmation of their trust in Egeria and in our approach to focus on long-term improvement of companies.” Private Equity Fund V enables Egeria to expand its portfolio in the coming years and provides the ability to swiftly respond to market opportunities. Egeria expects to make its first Fund V acquisitions mid-2018.
Since its inception in 1997, Egeria has invested in sector-wide healthy enterprises with a value between EUR 50 and 350 million. The investment fund focuses on Dutch companies and companies with a link to the Netherlands. Egeria currently participates in sixteen enterprises, including Dutch Bakery, Royal Sanders, Clondalkin, and JET Group. Mark Wetzels, Partner at Egeria says: “We focus on the potential of a company, on ways to create a partnership with management in order to achieve long-term growth. This requires more than just capital. Our added value is in the way we get involved with the people of the businesses in our portfolio, so we can develop these companies as a team.”
Besides private equity, Egeria has a long-hold portfolio, a number of listed investments, and various real estate investments. The businesses in Egeria’s portfolio have a joint turnover of more than EUR 2.3 billion and employ almost 10,000 people.
In 2017, Egeria was the winner of the NVP ESG Award from the Dutch Private Equity and Venture Capital Association (NVP) for the private equity or venture capital firm with the best ESG policy. The NVP introduced the contest to increase awareness for the fact that Environmental, Social and Governance issues are high on the agenda. The independent jury praised Egeria for “the detailed monitoring and reporting at company level. Herewith Egeria sets an example for other members of NVP.”
