PRINT THIS PAGE Standard Life Investments reaches final close at over E1bn26/01/2004. Source: AltAssets. 
 Standard Life Investments has reached a final close on European Strategic Partners II with total commitments of E1.09bn. The fund of funds is 26 per cent larger than its predecessor and exceeded its target by E90m.
‘We have successfully closed our fund and exceeded our target,’ said Jonny Maxwell, chief executive of Standard Life Investments, Private Equity. ‘This has been achieved during an extremely difficult environment when a number of our competitors have closed down or been acquired having failed or struggled badly in their fundraising.’
European Strategic Partners II has already made investments in funds managed by Barclays Private Equity, Permira, IPEF, Charterhouse, CapVis and Altor. A total of E850m will be invested in private equity funds during the fund’s lifetime, with an additional E240m made available for co-investments.
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