Deutsche Private Equity raises €1bn for its fourth fund

Munich-based Deutsche Private Equity (DPE) has held the first and final close of its fourth buyout fund at its hard cap of €1bn. The DPE IV fund is nearly double the size of its predecessor, closed in 2017 at €575m.

According to the firm, specialised in the DACH, or German-speaking region, the vehicle launched just over three months ago and received commitments from private equity investors and pension funds, mostly in Europe, but also North America and Asia. Over half of the commitments were from new LPs, DPE said in a statement.

The strategy will target medium-sized companies across Germany, Austria, and Switzerland in sectors with “strong fundamentals”, the firm said in a statement.

“We believe that the success of this fundraise is testament to the strength of our investment strategy, which has demonstrated its resilience during the current crisis,” Marc Thiery, managing partner and co-founder of DPE, said.

Launched in 2007, DPE has invested in 30 companies both as majority and minority shareholders and pursued more than 70 add-on investments. The German firm currently manages €2bn in assets.

 

Source: Private Equity News

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