Key Takeaways
- • EMK Capital closed a €1.25bn single-asset continuation fund at its hard cap, according to AltAssets Private Equity News.
- • LGT Capital Partners acted as co-lead investor in the vehicle.
- • The continuation fund allows EMK Capital to retain ownership of European technical installation services group VDK Groep.
- • Proceeds are earmarked in part to provide additional capital for acquisitions at VDK Groep.
Summary
EMK Capital has closed a €1.25bn single-asset continuation fund at its hard cap, with LGT Capital Partners serving as co-lead investor, according to AltAssets Private Equity News. The vehicle enables EMK Capital to retain ownership of VDK Groep, a European technical installation services group, rather than selling the asset through a conventional exit.
Beyond keeping the platform under EMK's control, the fund is intended to provide additional capital for acquisitions. The reporting available for this story does not detail the specific targets, the pricing of the transaction, or the terms agreed with the fund's limited partners beyond LGT Capital Partners' co-lead role. Because the hard cap was reached, the close indicates strong demand from investors for the single-asset structure.
For institutional allocators, the transaction reflects the continued growth of continuation vehicles as a route for general partners to extend holding periods on high-conviction assets while offering existing and new investors liquidity or a fresh entry point. The deal size of €1.25bn places it among the larger single-asset continuation funds in the European mid-market.
Beyond keeping the platform under EMK's control, the fund is intended to provide additional capital for acquisitions. The reporting available for this story does not detail the specific targets, the pricing of the transaction, or the terms agreed with the fund's limited partners beyond LGT Capital Partners' co-lead role. Because the hard cap was reached, the close indicates strong demand from investors for the single-asset structure.
For institutional allocators, the transaction reflects the continued growth of continuation vehicles as a route for general partners to extend holding periods on high-conviction assets while offering existing and new investors liquidity or a fresh entry point. The deal size of €1.25bn places it among the larger single-asset continuation funds in the European mid-market.
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