IK Investment Partners has closed the €2.85 billion ($3.1 billion) IK IX Fund, at its hard cap, exceeding its €2.5 billion fundraising target, spokeswoman Mikaela Murekian said in an email.
The middle-market buyout fund concentrates on investments in companies in Austria, Belgium, France, Germany, Luxembourg, the Netherlands, Nordic nations and Switzerland.
The European private equity firm's previous fund, IK VIII Fund, closed at €1.85 billion in 2016.
Investors include the $225.9 billion New York State Common Retirement Fund, Albany; $91.5 billion Minnesota State Board of Investment, St. Paul; and $44.7 billion Illinois Municipal Retirement Fund, Oak Brook.
