Netherlands-based Van Lanschot Kempen Investment Management’s has made a final close of its third Europe-focussed private equity strategy having gathered €388 million.

Following a first close on March 23, the final subscription round was open from March 24 to April 11.

The fund is a closed-end investment fund with a minimum duration of ten years and will focus on the small and lower mid-sized segment of the European buy-out private equity market in five regions: the Benelux, the German-speaking countries, France, the United Kingdom and Scandinavia.

The aim is to construct a broad investment portfolio over a period of three to five years by diversifying across the listed regions and a range of sectors.

A press statement said that the company had seen strong interest from private banking clients in the Netherlands, Belgium and Switzerland drawn to non-listed investments to diversify their portfolios.

The strategy consists of the Kempen European Private Equity Fund III for private banking clients in the Netherlands and Switzerland, and the MercLan European Private Equity Fund for clients of Mercier Van Lanschot in Belgium.

The company said it expected to expand its private equity offerings in the near future to meet rising client demand for alternatives.

Source: Fund Europe