Montagu Private Equity said Tuesday it closed its fifth fund at its hard cap of 2.75 billion euros. Montagu Fund V reached a first close on June 30 with 2.2 billion euros. Quest Fund Placement LLP acted as global placement agent while HSBC Trinkaus was the German placing advisor. Proskauer was the legal advisor.
London | 01 September 2015
Montagu Private Equity, a leading European private equity firm, announces the successful closing of its fifth fund (Montagu V) at €2.75 billion, thereby reaching the hard cap set for the fund.
Montagu V has been able to attract a broad mix of investors by type and geographical mix, including increased commitments from pension funds, insurance companies and sovereign wealth funds across the USA, Europe, the Middle East and Asia.
The first close for the fund was held on 30 June 2015 having reached €2.2bn in investor commitments.
Jason Gatenby, Chief Executive of Montagu Private Equity, said:
“We are delighted to have completed the fundraising in such a timely manner, although, as always, we see the success of this process as a testament to the hard work we have put in over many years to give our investors a track record of consistent and competitive returns across economic cycles.”
Quest Fund Placement LLP acted as global placing advisors. HSBC Trinkaus acted as German placing advisors. Proskauer acted as legal advisors.