Capvis raises €1.2bn

The European mid-market investor closes fifth fund above target.

Capvis has held a final close on Capvis Equity V at €1.2 billion, surpassing the fund’s initial target of €1 billion thanks to strong support from existing investors. As with its predecessors, Capvis V will invest in middle market companies in Switzerland, Germany, Austria, Italy and Benelux.

New York State Teachers’ Retirement System committed to the fund, alongside other pension funds, insurance companies, sovereign wealth funds, asset managers and family offices from North America, Europe, the Middle East and Asia.

Capvis Equity IV held a final close at €720 million in January 2014.

MVision Private Equity Advisers acted as the exclusive global placement agent for Fund V and Latham & Watkins provided legal counsel.