The fourth Benelux buy-out fund of Bencis Capital Partners, a Dutch private equity firm, exceeded its €400 million target by garnering €408 million at its close, AltAssets reports. The Bencis Buyout Fund IV (BBOF IV) was marketed mainly to existing investors who allocated €340 million.
Subscribers to BBOF IV comprise pension funds, banks, fund-of-funds, asset managers, insurance companies and private individuals. The fund will allocate to mature, profit-making firms headquartered in the Benelux region with enterprise value from €25 million to €250 million. The vehicle’s investment plan is similar to that of the three earlier funds in the series.
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