Second Closing at the hard cap of € 425 million
capiton AG (“capiton”) has carried out the second closing of its fund capiton V at the hard cap of € 425 million on December 19th. With this second closing, which took place only three weeks after the first closing, all capital commitments subscribed to by external LPs have been received. A final closing will be held shortly, once the co-investment fund for team members and partners of the Global PE Alliance member firms has been established.
Overall, the level of demand and speed of the fundraising process exceeded capiton’s expectations. The fund reached its hard cap with an oversubscription less than four months after the distribution of the Private Placement Memorandum. 71% of all capital has been received from existing investors, with the balance from new investors groups.
capiton now manages three investor pools with total assets under management of € 1.1 billion. With the new fund, the firm intends to continue its proven investment strategy of majority and minority investments in Mittelstand firms in the DACH region.