Waterland Private Equity Investments has closed Waterland Private Equity VI following a successful fundraising after just three months in the market.
Carey Olsen advised the sixth fund for the Dutch private equity firm, which has raised €1.55bn in the short time frame. €1.25bn sits within the fund (a Guernsey vehicle that invests into the Dutch fund) with the remaining €300 million in an overflow fund – also a Guernsey vehicle that invests into the Dutch overflow fund – that will be used when the principal vehicle reaches its concentration limits.
The Carey Olsen team of Partner Ben Morgan, Senior Associate Ruth Abernethy and Associate Alex Wilson assisted the fund in the preparation of all the necessary Guernsey documentation for the structure.
The fund is administrated by Private Equity Administrators (PEA) in Guernsey.
Waterland backs mid-sized companies operating in the Benelux region as well as Germany, Austria, Switzerland and Poland. The fund has attracted commitments largely from pension funds in Europe, the United States, the Middle East and Asia Pacific.