Waterland wraps up seventh fund at about $2.4 bln

Dutch private equity firm Waterland has closed its seventh oversubscribed fund at 2 billion euros (approximately $2.4 billion).

The fund closed less than two months after it launched.

Waterland Private Equity Fund VII will focus on investing in medium-sized companies in Northern Europe.

The LP base includes public pension plans. WPEF VII snagged commitments from investors based in Europe, the U.S., the Middle East and Asia Pacific.

MVision Private Equity Advisers was the fundraising adviser for Waterland while Clifford Chance provided legal counsel.

In 2015, Waterland Fund VI raised 1.55 billion euros ($1.85 billion), as previously reported by PE HUB. No performance data was available on the fund.


A group of business people reaching for falling money. Photo courtesy of FatCamera/iStock/Getty Images