AltAssets Magazine: German investment firm SwanCap has raised more than €300m for the final close of its latest oversubscribed co-investment fundraise
The firm is one of the biggest players in the direct co-investment
space in Europe, with more than €1bn invested in over 90 deals to
date. SwanCap surpassed the €250m target for Fund IV despite
the wider pressures of the COVID-19 environment, which has seen
some private equity fundraises stumble and others postponed
until markets stabilise.
Fund IV comes two years after SwanCap
raised €433m for its predecessor Fund III amid strong interest
from returning investors, beating its €400m goal.
That vehicle also included some primaries and secondary
investment elements, AltAssets understands, while Fund IV is a
pure co-investment vehicle.
SwanCap, which was established by UniCredit Bank and its former
private equity team in 2013, has about €3bn in AUM according to
its website. The Fund IV raise comes a month after SwanCap
boosted its investment team by bringing in Ingo Stoff as
Investment Director and Peter Götz as an Associate. Stoff
previously headed the private equity fund business of a Munichbased single family office and also spent five years at Allianz
Capital Partners working across fund commitments and coinvestments.
In June, the Luxembourg Private Equity Association re-elected
SwanCap’s representative on the Board, Claus Mansfeldt, as