Waterland Private Equity Investments, a Dutch private equity firm, closed its seventh fund at €2 billion.
Limited Partners include several investors from Europe (40%), the United States (42%), Middle East (6%) and Asia Pacific (12%). Public pension plans represent the largest proportion of the investor base.
WPEF VII expects to make control investments in medium-sized quality companies in fragmented growth markets in Northern Europe (Benelux, DACH, Poland, UK/Ireland and Nordics) to finance organic and acquisitive growth.
Founded in 1999 and led by Frank Vlayen, CEO, Waterland is a fund manager in the register maintained by the Dutch regulator, the AFM (Autoriteit Financiële Markten). The firm recently opened offices in the UK (Manchester) and Denmark (Copenhagen) to expand its geographic presence to the UK/Ireland and the Nordics. Other offices include the Netherlands (Bussum), Belgium (Antwerp), Germany (Munich and Düsseldorf) and Poland (Warsaw).
As of today, Waterland has invested in 80 platform companies and has made an additional 330 add-on acquisitions to expand those platforms.
With this latest fund, the firm manages €6 billion of investor commitments.