Munich Private Equity Partners (MPEP), a specialist in investments in the European and North American lower mid- and mid-cap buyout segment, has held the final closing of its fourth fund-of-funds programme, MPEP IV, with capital commitments of around EUR392 million, well above its original target of EUR250 million.
MPEP IV is targeting a focused portfolio of 15 to 20 Lower mid- and mid-cap buyout funds per investment region. To date, the fund-of-funds has made commitments to 28 funds across Europe and North America.
MPEP says the fund attracted strong support from existing and new investors with the final fund size significantly above the its predecessor programme MPEP III, which closed above its target at EUR162 million.
MPEP IV’s base of clients includes existing pension fund, insurer, asset manager, foundation and family office investors from Germany, Spain, UK and Italy, plus several new institutional investors from Scandinavia and the Netherlands.
The fund structure, with two separate vehicles, allows investors to flexibly structure their regional allocation according to their individual preferences at the time of investment.
