IK Investment Partners Closes EUR 550M Small Cap II Fund
IK Investment Partners (“IK”), a leading Pan-European private equity advisory group, has announced 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 date.
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.