MPC launches new fund-of-funds

German investor MPC Muenchmeyer Petersen Capital AG is to launch a new private equity fund-of-funds. MPC Global Equity VI will be managed by Global Vision AG, and has a target size of €25m. The fund-of-funds will invest in funds in a wide range of sectors with a regional emphasis on Europe and the US. Early subscribers will receive a special interest of 5% per annum on their invested capital until the closing of the fund, which is planned for 31 December, 2005.

The minimum subscription for the fund is €20,000 which will also enable private investors to commit to the fund.

Global Vision AG is a German fund-of-funds with office in Frankfurt and Hamburg. The group currently has over €255m under management.