Goodwin’s Private Investment Funds team advised Core Equity Holdings as it achieved a final close on its maiden fund at over €1 billion including GP commitment, exceeding its target of €750 million. The fund attracted commitments primarily from university endowments, foundations and large family offices. The fundraising was done without a placement agent, and is one of the largest buyout funds ever raised in Europe by a first time group.
The fund aims to take controlling stakes in three to four platform companies that have substantial growth potential over the long term. It is structured to be able to provide significant follow-on capital available to continue supporting the growth of its investee companies over the whole investment horizon.
The Goodwin team was led by partner Michael Halford.
For additional details on the transaction, please read the press release.