Flossbach von Storch, Universal-Investment team up for €200m-targeting fund of funds


German asset manager Flossbach von Storch has teamed up with Universal-Investment to launch a €200m-targeting fundraise for its fourth private equity fund of funds.

Universal-Investment will serve as an alternative investment fund manager for Tectum Private Equity IV.

Fund IV is expected to continue the strategy of its predecessor funds, by backing funds investing in buyouts and expansion financing for companies in the small- and mid-cap segments. The firm is also looking to invest in special strategies and venture capital funds, alongside the core strategy.

“We are convinced of the quality of our investment concept and we would like to further expand this segment with our fourth fund,” said, Flossbach von Storch co-founder Kurt von Storch.

Flossbach von Storch has more than €42bn of assets under management and has been investing in private markets since 2008.

The firm held a €75m first close for its third private equity fund of funds back in 2016, however its unclear when this vehicle reached final close and on what amount.

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