Gilde Equity Management (GEM) Benelux reaches first and final close of its Fund III at hard cap of €275 million
21 July 2014
Utrecht – Gilde Equity Management (GEM) Benelux today announced that it has successfully concluded a first and final close of its new fund (‘GEM Benelux III’) at its target and hard cap of €275 million. GEM Benelux III will continue the firm’s successful strategy of investing in companies at the smaller end of the Benelux mid-market. In this segment GEM Benelux has been a leading investor since its inception in the mid-1990s.
GEM Benelux has seen a very efficient and rapid fund raising process. Starting in April, the fund received commitments at its target and hard cap of €275 million in just two months, closing this month after finalizing legal documentation. GEM Benelux saw its existing investor base increase their joint commitment in GEM Benelux III, evidencing the robust support for the team and its strategy. Equally important, two new renowned Dutch investors have been added to the already strong and diverse international group of selected institutional investors.
Gerhard Nordemann, Managing Partner of GEM Benelux, commented: “We are delighted and thankful by the continued support. This is evidently a strong stimulus for us to keep supporting entrepreneurial management teams to realize their growth ambitions, and to truly get businesses at their fullest potential. That’s what we have been doing for almost twenty years now, and we look forward to many more successful years in business.”