Deutsche Private Equity amasses €575m

The German fund manager closes third buyout and growth vehicle on its hard-cap.

DPE Deutschland III has held a final close on its hard-cap of €575 million. The oversubscribed fund, which had originally targeted €500 million, will make buyout and growth investments in lower-mid market companies in Germany.

Investors in the fund include family offices, endowments and funds of funds.

Deutsche Private Equity’s previous fund, DPE Deutschland II, closed on €350 million in March 2013. RWB Private Capital Fonds and Munich Private Equity Partners were among the investors in this vehicle.

The Monument Group acted as the fund’s global placement agent.