Fund V closes at hard cap of EUR 550 million
Following the first close in December 2015, Parcom Capital Management is pleased to announce the final closing of Parcom Buy-Out Fund V (the “Fund”) at the hard cap of EUR 550 million. The full primary fundraising was completed in just over 9 months’ time.
The Fund has been able to attract a broad mix of blue-chip investors by both type and geography, including world class asset managers, corporate and public pension funds, insurance companies and sovereign wealth funds across the USA, Europe and the Middle East.
Erik Westerink, Managing Partner of Parcom Capital Management, said:
“We are excited by the positive response that the Fund has received and are very grateful for the support and trust from both our existing as well as our new investors. Clearly, investors identify the Dutch mid-market as an attractive investment space with excellent investment opportunities. With a strengthened team that has a proven track record, we believe that we are well positioned to continue playing a leading role in this market.”
UBS acted as global fundraising adviser and Loyens & Loeff as legal and tax counsel.
For further information, please visit www.parcomcapital.com, or contact:
Gert-Jan Evers, CFO
Parcom Capital Management
Tel: +31 20 658 7500