Moonfare has closed Moonfare Co-Investment Fund II at $83m, surpassing its target within 12 months and marking a 43% increase on its prior vintage.

The second-generation vehicle builds on Moonfare Co-Investment Fund I and reflects sustained appetite for curated private equity co-investments among private wealth investors and smaller institutions.

MCF II attracted commitments from investors across more than 20 markets, including individuals, single family offices, and smaller institutional investors. Demand was particularly strong in Germany, the UK, the Netherlands, and the US.

The fund is already 30% invested alongside Hg, Vista Equity Partners, and EQT. It will continue deploying capital into 12–15 co-investments across North America and Europe, targeting technology, financial and business services, healthcare, consumer, and industrial sectors.

“We have a robust pipeline of opportunities for MCF II, driven by our relationships across established firms and with a leading set of emerging managers generating outsized returns in their niches,” Philip Meschke, Head of Private Equity, said in a statement. “In a period of increasing dispersion, we remain highly selective in constructing a diversified portfolio for MCF II. We are proud to be able to offer our investors opportunities that would typically only be available to institutional investors.”

Moonfare expects to launch Moonfare Co-Investment Fund III within the next 12–18 months.

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