Van Lanschot Kempen Investment Management has launched its Kempen European Private Equity Fund III.
The firm writes that this further expands the offering of non-listed investments for Van Lanschot Kempen’s private banking clients. The fund focuses on small and medium-sized companies in Northwestern Europe and builds on our extensive investment expertise in this area.
Wendy Winkelhuijzen, Member of the Management Board of Van Lanschot Kempen, responsible for Private Banking Netherlands, says: “Van Lanschot Kempen advises its clients on the preservation and growth of their wealth. Together with the client, we set long-term financial objectives and based on that time horizon, we build an investment portfolio. Investments in private equity can be an attractive asset category to add to a portfolio from the perspective of potential returns and increasing diversification. We see a lot of demand from clients for these types of alternative investment products, in part because their value is not entirely dependent on the stock market. This new fund further strengthens our ongoing private equity offering, with a focus on small and medium-sized companies. This closely aligns with the areas of interest of many of our entrepreneurial clients.”
Kempen European Private Equity Fund III is a closed-end investment fund with a co-operative structure, and has a 10-year term. This is the fourth private equity fund that Van Lanschot Kempen has introduced in the past five years, following two successful funds with a focus on Europe and one fund focusing on North America. It is hybrid investment fund that combines investments in private equity funds with co-investments. This contributes to the objective of building a diversified portfolio while the addition of co-investments can help to reduce costs and accelerate the deployment of capital. As a result, repayments are also expected to occur sooner. The first subscription period runs until 7 March 2025, which may be followed by a second subscription period.
Sven Smeets, Head of the Private Equity Strategy at Van Lanschot Kempen, says: “Small is beautiful. That is our motto for this new private equity fund. Small and medium-sized companies are a very important part of our economy and it is typically in this segment of the market that private equity investments with the highest return potential tend to be found. Investing in small and medium-sized companies is one of our strengths. Our extensive experience and expertise with regard to investing in this asset category enables us to identify opportunities with attractive growth potential. Our carefully selected private equity specialists utilise their expertise and networks in order to add value to the selected companies. Value is created for instance by improving a company’s operational management and strategy, by enhancing its professionalism or by means of internationalisation.”
