IK Investment Partners, a Pan-European private equity advisory group, closed the IK Small Cap II Fund, at €550m.
IK Small Cap II, which is nearly double the size of IK’s maiden small cap fund (closed at €277m in March 2016), was subscribed and allocated to existing IK platform investors.
Led by Christopher Masek, CEO, and Kristian Carlsson Kemppinen, Partner and Responsible for IK Small Cap funds, the fund will continue to target growing businesses with strong underlying potential in IK’s core markets within the Benelux, DACH, France, and the Nordics.
Since 1989, the firm has raised more than €9.5 billion of capital and invested in over 115 European companies.
The capital raised will be deployed by a dedicated team across IK’s regional offices in Amsterdam, Hamburg, Paris and Stockholm.
Kirkland & Ellis acted as legal counsel to the IK Small Cap II Fund.