IK Investment Partners said Feb. 22 that it closed its second small cap fund at its 550 million euro ($676 million) hard cap. IK Small Cap II is nearly double the size of the firm’s maiden small cap fund, which closed at its hard cap of 277 million euros in March 2016. IK Small Cap II targets growing businesses in IK’s core markets within the Benelux, DACH, France, and the Nordics.
IK Investment Partners closes EUR 550 million Small Cap II Fund
IK Investment Partners (“IK”), a leading Pan-European private equity
advisory group, is pleased to announce that it has closed the IK Small
Cap II Fund (“IK Small Cap II” or “the Fund”) at its hard cap of EUR 550
million. IK Small Cap II was substantially oversubscribed and allocated
to existing IK platform investors.
The Fund is nearly double the size of IK’s maiden small cap fund, which closed
at its hard cap of EUR 277 million in March 2016. IK Small Cap I Fund has
invested in 12 companies of which three have been successfully realised to
IK Small Cap II will continue to target growing businesses in IK’s core markets
within the Benelux, DACH, France, and the Nordics. The capital raised will be
deployed by a dedicated team across IK’s regional offices in Amsterdam,
Hamburg, Paris and Stockholm.
“We have always believed that the companies that fall into the size bracket of
our Small Cap fund are the real growth drivers and job creators of the
European economy. The continued confidence and support shown by our
investors is a further testament to the importance of investing in this key part
of the market and enabling companies to grow to the next level,” said
Christopher Masek, CEO at IK Investment Partners.
“We saw an unprecedented level of investment opportunities in 2017 across
a multitude of forward-thinking companies displaying enormous creativity and
drive. We look forward to continuing to identify these future industry leaders
and helping them reach their full potential”, said Kristian Carlsson Kemppinen,
Partner and Responsible for IK Small Cap funds at IK Investment Partners.
Kirkland & Ellis acted as legal counsel to the IK Small Cap II Fund.
This press release is not an offer of securities for sale in the United States or
any other jurisdiction and interests in the Fund may not be offered or sold in
the United States or any other jurisdictions save in accordance with applicable