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Munich Private Equity Partners holds €215m interim close for fourth PE fund

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German fund of funds investor Munich Private Equity Partners has held a €215m interim close for its fourth PE fund.

The vehicle has already beaten the size of its predecessor which was closed on €162m and the firm expects fund IV to reach its €300m target.

MPEP IV consists of two separate vehicles targeting fund investments in Europe and North America and has completed ten fund investments at the time of the fund launched.

David Schäfer, managing director at Munich Private Equity Partners, said, “Besides early closings with our anchor investor, we held an interim closing in December 2021 at €177m and a further one in March 2022 at €216m. Based on the strong investor demand, we are very confident to exceed our target of €300m by this summer.

“The program is off to a very good start with 22 fund investments to date and an exciting high-quality pipeline ahead of us. In total, we expect to be fully allocated into 35 private equity funds by Q4 2022 / Q1 2023 with 17 to 18 funds for each vehicle of the MPEP IV program.”

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