Record close for Accession Capital Partners with AMC V
Firm’s largest fund surpasses target on the back of top-quartile performance
AMC V, advised by Accession Capital Partners (ACP), Central Europe’s leading growth capital provider, is delighted to announce it has reached its final close above target. AMC V SCA SICAV-RAIF, based in Luxembourg, has closed with total commitments of €336 million, making it the largest-ever vehicle raised by ACP in its 24-year history and c. 30% larger than its predecessor.
The fund was strongly supported by existing investors, with 90% from Fund IV re-upping. The vehicle attracted commitments from 22 limited partners, with new
investors accounting for a fifth of the capital raised. Commitments came from pension funds, insurance companies, IFIs, banks, family offices and funds of funds
across Europe, the UK, the US and Asia.
The success was driven by the predecessor fund’s top-quartile performance and significant distributions back to investors so far, resulting in a DPI of almost 100%. Western European investors accounted for c. 50% of total commitments followed by local institutions from Central Europe, which contributed 20% of capital and represent an increasingly important investor group. The remainder came from the US, Asia and the UK.
AMC V will follow the strategy of previous ACP funds in providing structured growth capital to mid-market businesses to support expansion, acquisitions, succession plans and buyouts. The firm will invest €10-35m per transaction as a combination of long-term secured debt and minority equity to established and fast-growing companies across Central Europe.
AMC V has already funded five deals, with Medicales, Vemo, Link, SMYK and WISS in the portfolio, and has a promising pipeline of opportunities ahead.
ACP Founding Partner and CEO Franz Hoerhager commented: “The overwhelming support from our existing investor base, including some with us since inception in 2000, is a testament to our ability to consistently generate attractive returns for our backers as we help build Central European businesses. We are delighted to be able to support more fast-growing businesses in this dynamic region.”
Partner and Head of Investor Relations at ACP Christian Stix, who managed the fundraising fully in-house, added: “Our differentiated offering remains compelling
to investors – especially in an incredibly challenging macroeconomic and fundraising market – as we combine attractive returns with downside protection to provide consistent distributions. We thank our loyal investors for their ongoing support and trust, and welcome eight new backers into our family of funds.”
Paul Hastings (UK) and VanCampen Liem (Luxembourg) provided legal advice.
Accession Capital Partners
Accession Capital Partners (ACP) is investing from its fifth fund AMC V SCA SICAV-RAIF which launched last year and closed at €336m in June 2024. ACP has been operating in Central and Eastern Europe since 2000 through its offices in Vienna, Warsaw, Bucharest, Budapest and Prague. To date, the group has raised commitments of more than €1.2bn in five dedicated growth capital funds. The funds are backed by reputable institutional investors, including the European Investment Fund, the International Finance Corporation, the European Bank for
Reconstruction and Development and a number of banks, family offices, funds of funds, pension funds and insurance companies from Europe, the US and Asia.
For further information, please contact:
Christian Stix, Partner and Head of Investor Relations
tel.: +43 1 532 89 9019
www.acp-group.eu