PRINT THIS PAGE Greenpark closes €730m fund07/06/2007. Source: AltAssets. 
 London-based private equity secondaries specialist Greenpark Capital has closed its third fund, Greenpark International Investors III, on €730m, well above its €500m target.
GII3 focuses on acquiring interests in buy-out, development/growth capital, mezzanine and other funds, and portfolios of direct investments in private equity assets in the secondaries market. The fund will focus on investments in Europe and the US.
Institutional investors from Europe, the US, the Far East and the Middle East have made commitments to the fund.
GII3 expects to originate the bulk of its purchases from pension funds, banks, funds of funds and family offices. It will target mature assets, including single limited partnership positions through to portfolios of complex multi-jurisdictional fund positions, portfolios of direct investments and tail-ends of funds.
The new fund brings total funds under management to €1.3bn.
Marleen Groen, chief executive of Greenpark, said, 'The response to GII3 was fantastic. Increasingly secondaries are becoming an essential portfolio management tool, and naturally investors are keen to participate in the market's growth. As an established operator with two successfully invested funds behind us, we were gratified that so many of our existing investors chose to take part in our third offering.'
Greenpark's other funds were the $200.3m GII1, a 2002 vintage fund, and the €353.5m GII2, a 2004 vintage fund.
The firm now has approximately $1.7bn under management, which includes the three funds and a syndicated transaction.
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