DPE races to €1bn Fund IV hard cap untouched by coronavirus fundraising fears


Germany’s DPE Deutsche Private Equity has joined the €1bn fundraising club through the hard cap final close of its fourth flagship investment vehicle.

DPE shrugged off any fundraising concerns that might have abounded due to the coronavirus crisis, taking just over three months to wrap up the oversubscribed raise.

The latest fund is almost twice the size of the firm’s Fund III vehicle, which it closed on €575m in 2017.

More than half of the new fund’s capital came from new investors, with about three-quarters of DPE IV’s institutional investors European, North America making up 21% and Asia 5%.

The firm said it would continue its strategy of targeting businesses in Germany, Austria and Switzerland, partnering with Mittelstand entrepreneurs and business-owners to help them scale and grow their businesses.

It focuses on medium-sized companies with the potential for significant growth acceleration in sectors supported by strong fundamentals, and those in which it believes executing a buy and build strategy can unlock transformational growth.

Marc Thiery, Managing Partner and Co-Founder of DPE, said, “We are pleased with the strong support DPE IV has received from both new and existing investors, and we are very grateful for their trust in us as custodians of their capital.

“We believe that the success of this fundraise is testament to the strength of our investment strategy, which has demonstrated its resilience during the current crisis.

“The team looks forward to seeking out new opportunities to partner with exciting Mittelstand businesses, and to creating long-term value for all our investors.”

Quest Fund Placement acted as the sole placement agent for the fundraise, while Pöllath + Partners acted as legal counsel.

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