Tuesday, December 20, 2011
Perusa Partners (“Perusa”), investing principally in lower mid-market special situations in German-speaking countries, is pleased to announce a €200 million first and final closing of Perusa Partners Fund 2, L.P. (the “Fund”), a Guernsey limited partnership managed by Guernsey-based Perusa Partners Management Limited.
The success and fast-pace of the Fund’s final closing is attributable to significant support from existing investors, combined with exceptional interest from new ones. Allocation to new partners was limited to select, high quality, long-term institutional investors. Subscribers to the Fund included pension funds and insurance companies from Australia, the Netherlands, Nordic countries and the US. The target and hard cap of €200 million was self-imposed by Perusa in order to stay within the successful mid-market strategy executed by the team since inception.
The Fund will target majority ownership as sole or lead investor in companies that have a strong underlying business and / or balance sheet in potentially attractive industries, but which face issues requiring special expertise to resolve.
The Fund will be administered by Perusa’s own Guernsey staff, supported by private equity specialist administrators, Aztec Group.
Carey Olsen again acted as Guernsey legal counsel to Perusa.
Dr. Hanno Schmidt-Gothan, Partner of Perusa GmbH commented: “We are incredibly pleased with the successful raise of fund 2, the confidence of our investors in the way we do business and the professional advisors we work with has been validated beyond doubt.“
Rob Jones, Guernsey Director of the Aztec Group, commented. “Perusa have demonstrated that a focused strategy and exceptional track record in fund management are instrumental in succeeding in challenging marketing conditions. This popular raise is also testament to the capability of local professional services firms and their ability to work together. As administrator of Perusa Partners since inception, we look forward to working closely with the team and their investors once again in their latest venture.”
Tom Carey, partner at Carey Olsen commented: “We were delighted to advise Perusa on the formation of Fund 2 which demonstrates that Guernsey remains at the forefront of managers’ and investors’ minds as the domicile of choice for private equity”.
unquote" British Private Equity Awards, Fund Administrator of the Year 2011 and 2012
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