Capital Dynamics has closed its latest oversubscribed co-investment fund at $383 million, beating its $350 million target. Mid-Market Direct IV’s investors include pension funds, insurance companies, family offices and high-net worth individuals. So far, MMD IV has deployed over 25 percent of its capital in seven mid-market investments.
LONDON, Oct. 17, 2017 /PRNewswire/ — Capital Dynamics, an independent global asset manager, today announced the final close of Mid-Market Direct IV (“MMD IV”), the firm’s latest co-investment fund. MMD IV was oversubscribed relative to its initial target of USD 350 million and closed with USD 383 million in capital commitments.
MMD IV, which began investing in early 2016, has deployed over 25 percent of its capital and has built a strong initial portfolio of seven mid-market investments to date, providing investors with broad diversification across industries and geographies.
“This is our largest co-investment fund to date, which demonstrates the strong interest received from our investors,” commented David Smith, Co-head of Co-investment at Capital Dynamics. “It significantly exceeds the capacity of its predecessor fund and the extensive experience of the team – some of us have been working together for over 25 years – perfectly positions Capital Dynamics to execute its proven global mid-market direct investment strategy that provides differentiated value to our investor base.”
MMD IV consists of new and existing investors, including pension funds, insurance companies, family offices and high net worth individuals across a diverse range of geographies including the United States, the Middle East, Asia and Europe.
Andrew Beaton, Co-head of Co-investment at Capital Dynamics, “As private markets appear to be increasingly frothy, MMD IV’s portfolio was built on a disciplined value-based approach to finding the highest quality transactions and we are committed to maintaining this strategy. We believe our approach is a differentiator that enables us to continue delivering strong risk-adjusted returns for our global partners.”
About Capital Dynamics
Capital Dynamics (the “Firm”) is an independent, global asset manager, investing in private equity, private credit and clean energy infrastructure. We are client-focused, tailoring solutions to meet investor requirements. The Firm manages investments through a broad range of products and opportunities including separate account solutions, investment funds and structured private equity products. Capital Dynamics currently has over USD 28 billion in assets under management, advisement and administration.
Our investment history dates back to 1988. We believe our experience and culture of innovation give us superior insight and help us deliver returns for our clients. We invest locally while operating globally from our London, New York, Zug, Tokyo, Hong Kong, San Francisco, Munich, Birmingham, Seoul and Scottsdale offices.