IK Small Cap II Fund’s €550 Million Fundraising


Kirkland & Ellis advised IK Investment Partners on the transaction

K Investment Partners (“IK”), a leading Pan-European private equity advisory group, has closed the IK Small Cap II Fund (“IK Small Cap II” or “the Fund”) at its hard cap of EUR 550 million. IK Small Cap II was substantially oversubscribed and allocated to existing IK platform investors.

The Fund is nearly double the size of IK’s maiden small cap fund, which closed at its hard cap of EUR 277 million in March 2016. IK Small Cap I Fund has invested in 12 companies of which three have been successfully realised to date.

IK Small Cap II will continue to target growing businesses in IK’s core markets within the Benelux, DACH, France, and the Nordics. The capital raised will be deployed by a dedicated team across IK’s regional offices in Amsterdam, Hamburg, Paris and Stockholm.

The Kirkland team was led by London-based investment funds partners Jeremy Leggate (Picture) and Christopher Braunack and associate David Pritchett, and included London-based financial regulatory partner Adam Skinner, and New York-based tax partner David Grenker.

Involved fees earner: Jeremy Leggate – Kirkland & Ellis; David Pritchett – Kirkland & Ellis; Christopher Braunack – Kirkland & Ellis; Adam Skinner – Kirkland & Ellis; David Grenker – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: IK Investment Partners;

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Author: Michael Patrini