18 funds
Waterland PEI B.V. announces a €1.1bn final close on fifth fund
Name Waterland Private Equity Investments B.V.
Investors
Pension Plans & Sovereign Wealth Funds
Chairman Robert Thielen
Fund Waterland Private Equity Investments B.V. (“Waterland”) is pleased to announce the final closing of its fifth institutional fund, Waterland Private Equity Fund V (“WPEF V”), at €1.1 billion, just five months after its initial launch. The support of existing investors combined with significant interest from new investors, caused the fund to be well oversubscribed, surpassing its initial target of €900 million.
Investors WPEF V has attracted commitments from world class investors from the United States (39% of the fund), Europe (36% of the fund) and Asia Pacific (25% of the fund). Pension plans and sovereign wealth funds account for the majority of the investor base.
Targets WPEF V expects to make control investments in
First closing of Creathor Venture Fund III, with over € 50 million Fund
Name Creathor Venture
Managing Partner Dr. Gert Köhler
The venture capital firm Creathor Venture announces the first closing of its third fund, Creathor Venture Fund III, at the amount of € 51 million.
Investors Investors include family offices, fund of funds, entrepreneurs, the European Union through which the fund receives funding, originating from the "Competitiveness and Innovation Framework Program (CIP)" as well as by the "ERP-EIF Dachfonds" and the "LfA-EIF facility" of the European Investment Fund (EIF).
quality companies in fragmented growth markets in the Benelux, Germany, Austria and Switzerland (DACH region) and Poland to finance organic and acquisitive growth. This is a continuation of the successful investment strategy applied to Waterland’s prior funds..
People “We are pleased with the quality and diversity of the limited partners that have committed to our fund,” said Robert Thielen, Chairman. “The fundraising for WPEF V has been a success and we are grateful for the support of our existing investors and delighted with the caliber of new investors who have joined us in the partnership.” MVision Private Equity Advisers acted as global placing agent and Clifford Chance is legal counsel to Waterland.
Targets The investment focus is aimed at outstanding high-tech companies with an innovative business concept in rapidly growing high-technology markets such as mobile, social media, cleantech and life science. The regional focus is on Germany, France, Austria and Switzerland.
People "The first closing of our third fund is already well above the expected minimum size and thus almost at the level of the predecessor fund”, says Dr. Gert Köhler, Managing Partner of Creathor Venture.
KKR Mezzanine Fund Raises More Than $1 Billion Fund
Name KKR Asset Management
Head of KKR’s Mezzanine Business Frederick M. Goltz
KKR Asset Management announces the final close of its mezzanine fund, KKR Mezzanine Partners I.
Investors In total, the fund closed on over $1.0 billion from a diverse group of global investors, including insurers, pension plans, family offices and sovereign pools of capital.
People "We have a healthy pipeline of opportunities and look forward to putting this additional capital to work by continuing to partner with private equity sponsors and management teams to support their objectives," said Frederick M. Goltz, head of KKR's mezzanine business.
OCTOBER 2011
www.finance-monthly.com
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