Waterland amasses 4bn euros across two funds

Waterland closed its ninth flagship fund Waterland Private Equity IX at 3.5 billion euros while Waterland Partnership Fund I collected 500 million euros.

  • The two funds closed at their respective hard caps in four months after their initial launch
  • The investor base for both funds include asset managers, public and private pension funds, insurance companies, sovereign wealth funds, endowments, foundations and family offices
  • Evercore Private Funds Group was strategic fundraising advisor for Waterland

Waterland has raised 4 billion euros across two new funds. Waterland closed its ninth flagship fund Waterland Private Equity IX at 3.5 billion euros while Waterland Partnership Fund I collected 500 million euros.

The two funds closed at their respective hard caps in four months after their initial launch.

The investor base for both funds include asset managers, public and private pension funds, insurance companies, sovereign wealth funds, endowments, foundations and family offices.

WPEF IX will invest in medium-sized companies in fragmented growth markets in Europe.
WPF I will target a very select number of Waterland portfolio companies when these are exited.

“The fundraisings for WPEF IX and WPF I have been a great success in a challenging fundraising market,” said Frank Vlayen, a group managing partner at Waterland, in a statement. “It is a significant achievement for us to have closed both funds in just four months. We remain thankful for the strong support of our existing and new investors and their confidence in our team and strategy. We look forward to making investments with both funds and continue to see many attractive opportunities in our target region despite the volatile macro environment.”

Evercore Private Funds Group was strategic fundraising advisor for Waterland while Kirkland & Ellis International LLP acted as global legal, tax and regulatory counsel. De Brauw Blackstone Westbroek N.V. acted as Dutch legal and regulatory counsel. Matheson LLP acted as Irish legal, tax and regulatory counsel.

With offices in Europe, Waterland currently manages over 14 billion euros of investor commitments and has made over 950 acquisitions, including over 150 platform investments and over 800 add-ons.