Munich Private Equity Partners launches €250m fund-of-funds

Sep 2, 2020 | News

Munich Private Equity Partners (MPEP) has launched its fourth buyout-focused fund-of-funds with a €250m target. The announcement comes a month after the Germany-based firm held a final close at €162m of its third strategy.

MPEP IV targets private equity fund investments in Europe and North America with a focus on buyout capital investments in the mid-market.

So far, the new fund has made ten commitments, said Christopher Bär, managing director at MPEP. “For these funds the current situation resulting from the corona pandemic could present a favourable opportunity to acquire companies at relatively lower entry prices and benefit from an economic recovery post Covid-19,” he added.

MPEP launches a new private equity program approximately every 18 months. It usually commits to 10 to 15 private equity funds in each vehicle.

According to its website, the firm is invested in Carlyle European Technology Partners, Livingbridge, and Corpfin Capital.

MPEP currently oversees over €1.9bn in assets under management and more than 200 fund investments. As of 30 June, 109 exited portfolio companies in MPEP’s fund programs have generated an average gross multiple of 3.1x on invested capital, the firm said in a statement.

Source: Private Equity News

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