IK Investment Partners announces EUR 550M for closing its fund, Small Cap II Fund.
IK Investment Partners, a leading Pan-European private equity advisory group, announced that it has closed the IK Small Cap II Fund at its hard cap of EUR 550M ($676M).
IK Small Cap II, which was oversubscribed by existing IK platform investors, is nearly double the size of IK’s maiden small cap fund, which closed at its hard cap of EUR 277M in March 2016.
IK Small Cap I Fund has invested in 12 companies of which three have been successfully realised to date.
IK Small Cap II, led by Christopher Masek, CEO, and Kristian Carlsson Kemppinen, Partner and Responsible for IK Small Cap funds, will continue to target growing businesses in IK’s core markets within the Benelux, DACH, France, and the Nordics.
The capital raised will be deployed by a dedicated team across IK’s regional offices in Amsterdam, Hamburg, Paris and Stockholm.
Since 1989, IK has raised more than €9.5 billion of capital and invested in over 115 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.