Private equity platform Moonfare has closed its second-generation co-investment fund, Moonfare Co-Investment Fund II (MCF II), at $83m, exceeding its target in just 12 months. This represents a 43% increase on the previous vintage, Moonfare Co-Investment Fund I (MCF I).
MCF II attracted commitments from a broad base of eligible investors across more than 20 markets. Investors included individuals, single family offices, and smaller institutional investors, with particularly strong demand in Germany, the UK, the Netherlands, and the US.
The second-generation fund is already 30% invested in deals alongside Hg, Vista and EQT. It will continue deploying capital progressively, targeting 12-15 co-investments primarily in North America and Europe across sectors including tech, financial and business services, healthcare, consumer and industrials.
The third generation Moonfare Co-Investment Fund III is expected to launch in the next 12–18 months.
