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Secondaries firm Landmark buys stake in Candover’s €3.5bn 2005 fund

9 Jul 2014

londonSecondaries-focused firm Landmark Partners has reportedly bought a stake in European buyout firm Candover’s 2005-vintage fund.

The investment was bought via the Landmark Equity Partners XV fund, which is targeting $2.5bn according to Secondaries Investor.

Candover’s 2005 fund was closed on €3.5bn in November that year, ahead of its €3bn target. The firm said at that time that the fund was significantly oversubscribed beyond its hard cap.

The 2005 fund invested in mid-to-large buyouts across Europe, with a focus on the UK, Germany, France, the Benelux region, Italy, Scandinavia and Spain.

Earlier this month it was reported that the Oklahoma Teachers Retirement System was considering making a commitment to Landmark Partners’ $1bn-targeting seventh real estate fund.

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