Preqin’s extensive research shows that there are currently 143 private equity firms headquartered within the Benelux region. The latest data from the Fund Manager Profiles database shows that collectively these firms have raised EUR 16 billion in capital commitments over the last 10 years and have an estimated EUR 7 billion available in dry powder.
Of these firms, 84 have headquarters located in the Netherlands, 36 in Belgium and 23 in Luxembourg. The most prominent investment strategy utilised within this region is venture capital, with over 60% of Benelux-based fund managers focusing on this strategy. Buyout is the second most popular strategy with just under 20% of fund managers focusing on these types of investments. Other strategies predominately used by fund managers based in this region include direct secondaries, distressed private equity, growth and mezzanine financing.
The largest Netherlands-based fund manager is Waterland Private Equity Investments. The firm is focused on investment opportunities within the Benelux region providing expansion capital through buyout and growth-stage investments. Waterland concentrates investment within industries that are undergoing change as a result of outsourcing & efficiency, ageing population, leisure & luxury and sustainability. The firm has raised just over EUR 2.7 billion in aggregate capital commitments over the past 10 years, and currently has an estimated EUR 1.5 billion available in dry powder.
Ergon Capital Partners is the largest fund manager based in Belgium. The firm is a Brussels-based buyout firm focused on investment within the retail and industrial sectors within Belguim, Italy, Spain, France and Switzerland. Since its establishment in 2005, Ergon Capital Partners has raised EUR 850 million through their three buyout funds and has approximately EUR 340 million available in dry powder.
Within Luxembourg, ILP Funds is the largest fund manager with over EUR 365 million raised over the last 10 years, and has approximately EUR 140 million currently available in dry powder. The firm is an industry agnostic investor specialising in buyout transactions throughout Europe with a particular focus on Italy and Germany.