DGAP-News: SGT German Private Equity GmbH & Co. KGaA:
Retrieved on:
Wednesday, June 23, 2021
DGAP-News: SGT German Private Equity GmbH & Co. KGaA
Key Points:
- DGAP-News: SGT German Private Equity GmbH & Co. KGaA
SGT German Private Equity GmbH & Co. KGaA:
The issuer is solely responsible for the content of this announcement. - Ltd. (SGTPTE), 100% subsidiary of SGT German Private Equity, has gained ground with its fundraising and confirms its previously communicated target of having a first close of its private equity fund in summer 2021 with capital commitments of at least 500 million USD, on top of separate prior commitments of 480 million USD.
- Concurrent to expanding institutional investor demand, SGTPTE has made significant progress with sourcing and evaluating the private equity deal flow fitting its investment criteria, and with selecting and negotiating private equity deals.
- About half of the cornerstone investors of its private equity fund and other renowned investors have indicated interest in direct co-investing in parts of its private equity deal pipeline.