ECM Equity Capital Management (ECM), a German private equity firm headquartered in Frankfurt am Main, has held the final closing of its new fund German Equity Partners V (GEP V) in June 2018 at its hard cap of EUR325 million in investor commitments – exceeding its original EUR300 million target.
Formally launched in January 2018, fundraising for GEP V was completed by early May, when the fund was fully allocated based on demand well in excess of the fund cap. This demand was underpinned by a strong existing investor base. GEP V welcomed approximately 20 institutional investors which are well-diversified across Europe, North America and Asia, including public, corporate and sectorial pension funds, insurance companies, foundations and endowments, as well as family offices.
The successful and efficient fundraising for GEP V follows other recent successes for ECM. Two new platform investments were completed in GEP IV in the last twelve months and in early May of 2018 the fund signed an agreement for the sale of its majority shareholding in MediFox. Including the proceeds of this sale, GEP IV will have returned distributions to investors exceeding 80 per cent of their commitments to the fund.
Credit Suisse Asset Management Limited served as placement agent to ECM. O’Melveny & Myers (London) and Flick Gocke Schaumburg (Munich) acted as legal and tax counsel to GEP V internationally and in Germany respectively.
