Munich Private Equity Partners closes third mid-cap buyout fund at EUR162m

Munich Private Equity Partners (MPEP) has closed its third private equity program at EUR 162 million with renowned international investors. The original target for MPEP III was EUR100 million. 

MPEP launches a new private equity program approximately every 18 months. Benefiting from the relationship with its anchor investor, the mid-cap buyout specialist is able to build up substantial parts of the fund portfolios before it begins active fundraising with institutional investors. Therefore, potential investors receive favourable visibility on the manager quality and expected portfolio composition, consequently the blind pool risk typically associated with such investments is substantially reduced compared to industry peers. 

“With our third investment program, we continue our successful strategy and focus on the most sought-after fund managers in the mid-cap buyout segment within the established markets of Europe and North America“, says David Schäfer, Managing Director of MPEP. “We partner with experienced managers who have consistently achieved above-average results in their history and who exhibit strong strategic and operational expertise." 

At the final close of MPEP Fund III, 14 out of 20 targeted fund investments have already been completed and MPEP has a strong pipeline with several fund investments already in advanced stages of due diligence. “We are certainly not striving to create a private equity index. Our goal is to provide investors access to a focused, high quality portfolio with adequate diversification, which can capture the outperformance potential of the best managers”, says Christopher Bär, also Managing Director of MPEP. 

The track record of MPEP`s previous programs shows the ability to provide access to high quality and outperforming fund managers. As of 30 June, 109 exited portfolio companies in MPEP`s fund programs have generated an average gross multiple of 3.1x on invested capital.