Investindustrial, Southern Europe’s leading private equity firm, completed the raising of its Build-Up Fund for the €500m Investindustrial III L.P. (‘Fund III’) at the target amount of €100m.
The Build-Up Fund was raised in five months receiving strong support from existing investors with only one new investor. Of the total, 41% of the capital came from family offices, 26% from funds-of-funds, 17% from insurance companies and banks, and 16% from public pensions.
The Build-Up Fund aims at providing additional capital to further develop Fund III’s portfolio, raised in 2005.
At the same time, its innovative build-up structure gives participating limited partners the potential to generate additional returns from a familiar portfolio of performing investments. Investindustrial has already identified a number of attractive targets for such investments primarily during the 2009-10 period.