Firm: LODH Private Equity AG
Fund: Euro Choice IV
Target: €600 million
Amount Raised: €776 million
The firm originally sought to raise €600 million to commit to 20 to 25 country- and region-specific buyout, growth capital and special situation funds in Western and Eastern Europe. The vehicle will not invest in any venture capital or mega-buyout funds, but will instead focus on the lower end of the middle market by pledging to buyout, buy-and-build, turnaround and some growth capital funds. The firm has already committed to seven funds, although Regula Mori, director of marketing & investor relations at LODH Private Equity, declined to name them.
A first close occurred on July 11, 2008, with €300 million and, at that time, a final close was expected by year-end.
Backers represent a variety of European, Middle Eastern and North American institutions, including family offices, public and private pension funds, endowments and foundations. Roughly 40 percent are U.S. based.
In June 2004, the firm closed