Danske Private Equity has held a second close for its fourth fund-of-funds, already reaching the vehicle’s €600m target. The fund expects to hold a final close by June 2009.
Danske said the capital was raised from institutions in Nordic countries and that it would be deployed equally between investments in small and mid-market buyout funds in Western Europe and the US.
Unlike previous funds, Danske Private Equity Partners IV will also look for opportunities in the secondary private equity market and will co-invest with its other funds.
So far, the fourth fund has committed 30% of the funds raised.
Source: Thomson Merger News