Bussum, The Netherlands (April 16, 2015) – Waterland is pleased to announce the closing of its sixth institutional fund, Waterland Fund VI (“WPEF VI”) at €1.25 billion and WPEF VI Overflow Fund at €300 million, just three months after its initial launch. The strong support of existing investors combined with significant interest from new investors, caused the fund to be well oversubscribed.
The fundraising attracted commitments from world class institutional investors from Europe (40%), the United States (40%), Middle East (10%) and Asia Pacific (10%). Pension plans represent the largest proportion of the investor base.
WPEF VI expects to make control investments in medium-sized quality companies in fragmented growth markets in the target region consisting of Belgium, Luxembourg, the Netherlands, Germany, Austria, Switzerland and Poland to finance organic and acquisitive growth. This is a continuation of the successful buy-and-build investment strategy applied to the Firm’s prior funds over the last fifteen years. Waterland is able to deploy the Overflow Fund in situations where WPEF VI reaches its concentration limits.
“The fundraising for WPEF VI has been a great success and we are grateful for the support of our investors. We are very pleased with the quality and diversity of the investors and are looking forward to make investments with our sixth fund, for which we see many attractive opportunities in our target region.” said Frank Vlayen, Managing Principal.
“We would like to thank our existing investors for their long-term support and are looking forward to the partnership with our new investors.” said Rob Thielen, Chairman.
MVision Private Equity Advisers acted as strategic fundraising adviser and Clifford Chance as legal counsel.