Van Lanschot Kempen Investment Management has expanded its non-listed investment offering for private banking clients with the launch of the Kempen European Private Equity Fund III, which focuses on investments in small and medium companies in North Western Europe.
Kempen European Private Equity Fund III is a closed-end investment fund with a co-operative structure, and has a ten-year term.
This is the fourth private equity fund that Van Lanschot Kempen has introduced in the past five years, following two successful funds with a focus on Europe and one fund focusing on North America.
Fund III is hybrid investment fund that combines investments in private equity funds with co-investments, which according to a press statement, contributes to the objective of building a diversified portfolio, while the addition of co-investments can help to reduce costs and accelerate the deployment of capital. As a result, repayments are also expected to occur sooner. The first subscription period runs until 7 March 2025, which may be followed by a second subscription period.
