ECM Equity Capital Management, a Frankfurt am Main, Germany-based private equity firm, has reached a final close of its new fund at €230m.
German Equity Partners IV (GEP IV) has received commitments from more than 20 investors which include fund-of-funds, insurance companies, family offices and pension funds from Germany, Europe and North America.
The fund plans to make eight to ten investments over a five year period in target companies based in German speaking countries. Investments will typically be structured as management buyouts. The focus of investments will be majority equity holdings in mid-market companies with an enterprise value of €20m to €100m across a variety of sectors.