GERMANY - Henderson Private Capital, the private equity arm of Henderson Global Investors, plans to launch private equity funds aimed at the German institutional market.
The Henderson North-America Private Equity Fund of Funds 2002/2003 and Henderson European Private Equity Fund of Funds 2002/2003 will invest predominantly in buyouts.
Due diligence and manager selection will be jointly undertaken by Henderson’s and German finance firm, Feri Alternative Assets following antitrust approval.
Co-head of Henderson Private Capital’s investment team, Jan Faber, said: “German investors have told us of the difficulties they often face investing in private equity.”
The funds will only invest in private equity funds launched in 2002 or 2003 with subsequent funds planned for launch in future years.
Henderson Private Capital manages about $2.5bn of private equity assets globally.
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