Danske Private Equity, a subsidiary of Danske Bank, is to launch its second fund-of-funds almost a year after the final close of its first offering. Danske Private Equity Partners II will have the same focus as the first fund investing in primary venture and buyout funds in the US and Western Europe.
With a target size of E600 million, the fund managers are optimistic and anticipate a first close at least by year-end.
“We are positive in spite of current market conditions,” said Simon Christensen, business development manager at Danske Private Equity. “We hope and expect a few of the original investors from the first fund to be supporting us with this second offering.”
The first fund more than doubled its target amount of E270 million when it closed last year on
E555 million. It is currently almost 75 per cent committed.