Kempen Capital Management raises €120m

The specialist asset manager holds interim close for European small and lower mid-market buyout fund.

Kempen Capital Management has held a second close for Kempen European Private Equity Fund at €120 million. The fund has a primary focus on buyouts in the European small and lower mid-market. A third closing is expected in September, which the firm says may also be a final close if the vehicle has reached its target size of €150 to €200 million by this point.

Investors in the fund are based in Netherlands, Belgium, and Switzerland.