Munich Private Equity Partners builds carefully selected fund portfolios providing access to private equity managers in the European and North American lower mid-market.

Munich Private Equity Partners

Munich Private Equity Partners (MPEP) is one of Europe's leading fund-of-funds specialists focusing solely on primary private equity funds. 

We serve our clients by providing access to the most successful and sought-after lower mid-market buyout managers in Europe and North America. Since our founding in 2011, we have successfully completed over 100 buyout fund investments, 94% of which were heavily oversubscribed. 

Our partners have proven their outstanding value creation capabilities and outperformance potential by having on average almost quadrupled the invested capital across their realized investments in our portfolios.

Munich Private Equity Partners has offices in Luxembourg and Oberhaching (Greater Munich Area).

In challenging markets, only the most resilient strategies shine through ✨

When it comes to #PrivateEquity, it is the lower end of the market that consistently attracts attention. According to Rede Partners LLP’ latest Liquidity Index, published in July, Lower #MidMarket Buyouts have again secured their position as the top choice for investors. 

🥇 The Lower #MidMarket continues to be the most sought-after private market segment. 57% of all LPs surveyed plan to increase their allocation over the next twelve months, which is well ahead of other strategies such as Large Buyouts (8%), Private Credit (23%), Growth Equity (22%), and Secondaries (19%).

⚓ Rede Partners attributes this robust momentum to the inherent strengths of the Lower #MidMarket. The authors view this segment as traditionally well-positioned to enable portfolio diversification and as a compelling opportunity for GPs to drive value in a high-interest-rate environment, while also being less reliant on leverage.

🌎 Regionally, LPs continue to gravitate towards established markets. Despite the looming uncertainty of the upcoming US election, #NorthAmerican-focused funds remain in high demand. Interest in #European funds is also growing. In contrast, Asia-focused funds lag, as geopolitical tensions and market challenges continue to temper investor enthusiasm.

Link to the study in the comments ⬇️

#CapitalWithCharacter

✨ We are delighted to welcome Sabine Moritz, who joined our Luxembourg office as a Fund Administration Assistant! Sabine brings a wealth of experience in supporting teams, having previously worked for over a decade as a legal assistant at a Luxembourg law firm.

🎓 Sabine holds a Master’s Degree in International Business and Management from IAE Metz School of Management, as well as a Master’s Degree in Foreign Languages (English/German) from the Paul Verlaine University in France.

📸 In her spare time, she is passionate about street photography. After work, you can often find her exploring the city with her camera, capturing the essence of everyday life.

Welcome aboard, Sabine! We're thrilled to have you with us.

#CapitalWithCharacter #TeamMPEP

Excited to share that I'll be speaking at SuperInvestor 2024 from 5-8 November at The Grimaldi Forum in Monte Carlo! Join me for the "Fund of Funds: More Fees or Real Value Add?" panel as we delve into the evolving role of fund of funds in today's market. Curious about their impact, especially in the lower end of the market? Let's discuss! 

Considering attending? Reach out for a 10% discount code on SuperInvestor tickets for clients and friends of MPEP. Looking forward to insightful discussions and networking opportunities! 

#SuperInvestor2024 @Munich Private Equity Partners

“𝟐𝟎𝟐𝟑 𝐰𝐚𝐬 𝐠𝐞𝐧𝐞𝐫𝐚𝐥𝐥𝐲 𝐚 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐟𝐨𝐫 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬. 𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐨𝐮𝐫 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐬𝐚𝐰 𝐬𝐥𝐢𝐠𝐡𝐭𝐥𝐲 𝐦𝐨𝐫𝐞 𝐞𝐱𝐢𝐭𝐬 𝐭𝐡𝐚𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐. 𝐓𝐡𝐢𝐬 𝐬𝐚𝐲𝐬 𝐚 𝐥𝐨𝐭 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐫𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐨𝐰𝐞𝐫 𝐦𝐢𝐝-𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐧𝐝 𝐬𝐡𝐨𝐰𝐬 𝐭𝐡𝐚𝐭 𝐚𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐯𝐞 𝐝𝐞𝐚𝐥𝐬 𝐚𝐫𝐞 𝐬𝐭𝐢𝐥𝐥 𝐡𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠.”
 
— Christopher Bär in a recent interview with Real Deals.
 
As part of its "Mid-year Reflection" series, the #PrivateEquity publication talks to selected fund managers about their views on the latest developments in the market. This year's interviewees include our own Hans-Christian Moritz and Christopher Bär. In the interview, they discuss:
 
🔍 How the first half of 2024 panned out for the industry in general and MPEP in particular.
📈 Why we could see higher deal activity in H2.
🏆 And what small achievement put a smile on our faces in 2023.
 
Thanks to Shivani Khandekar for the opportunity!
 
Link to the interview in the comments ⬇️
 
#CapitalWithCharacter

If it's already printed on shirts you can buy at Amazon, there it must be something...

I recently read about an investor who attended a general partner's AGM wearing a T-shirt that said: "DPI is the new IRR". It's clearly a humorous take 😉 but one that effectively underlines how liquidity constraints are at the forefront of investors' minds these days.

For Funds Society, I explored the reasons behind the growing impatience of LPs. In short, it's a mix of technical factors forcing a strategic rebalancing of their asset allocation and an equally pressing interest in new exposure to private equity...

Many thanks to the editorial team for this opportunity!

Link to the article in the comments.

📰 Liquidity Challenges in Private Equity: Where are the Bright Spots? 🌟

#PrivateEquity has been experiencing a notable slowdown in exit activity, leading to lower-than-expected distributions to LPs. In a guest article for Funds Society, David Schäfer explores how this shortfall in liquidity has forced investors to rethink their asset allocations. He also points out why this issue does not affect all segments equally and explains the specific situation in the lower mid-market.

The article is available in two languages. You can read the English version here: https://lnkd.in/dbJrDBDp

For the Spanish version, click here: https://lnkd.in/daRBtEsu

#CapitalWithCharacter

🎉 Great news from our #TeamMPEP
 
We are delighted to announce that Irma Turkic has been promoted to Investment Director!
 
Irma has been an invaluable part of our team since joining us from Fidelity Investments in 2014. Today, she is heading our European investment efforts being responsible a. o. for deal sourcing, analysis, execution and post-investment monitoring 💪
 
🙏 From all of us here at Munich Private Equity Partners, congratulations!
 
Here’s to continued success and more milestones together ✨
 
#CapitalWithCharacter

🚀 Running more than portfolios
 
Our #TeamMPEP had a fantastic time at this year's #B2Run, the largest company run in Munich! Five of our colleagues took on the 5 kilometer challenge through the Olympiapark and successfully crossed the finish line 💪. The grand finale? An impressive finish into the Olympiastadion, followed by a relaxed get-together with cool drinks and plenty of summer vibes ☀️.
 
Special thanks to all the runners and colleagues who came out to cheer us on for creating such a great after-work experience! 
 
Can you guess who made it to the finish line first?
 
Irma Turkic Christopher Bär Tim Ruetzel Daniel Pelzl David Schäfer
 
#CapitalWithCharacter

Interesting read from UBS on family office’s asset allocation. According to their latest report, high-net-worth individuals and wealthy families are increasingly turning to private equity, with the asset class set to represent 22% of their portfolios in 2023. In particular, private equity funds and funds of funds are in demand, currently accounting for an average of 11% of family office’s asset allocation and expected to hit 13% by 2024.
 
The study lists three key reasons for the growing popularity of the asset class, and funds/fund of funds in particular: Long-term returns, diversification and General Partner expertise.
 
Why do these aspects resonate with family offices? Let’s add a few thoughts:
 
1. Long-term returns
 
Over the past decade, the global Private Equity Index has consistently outperformed the MSCI World by over 7% annually, according to a study by Cambridge Associates. With their long-term investment horizon and lower immediate liquidity needs, family offices are well-positioned to capture this illiquidity premium.
 
2. Diversification
 
Building a diversified private equity portfolio in-house requires in-depth market, sector and industry knowledge and therefore a substantial level of human and financial resources. Funds of funds offer an efficient “one-stop-shop solution” by investing in multiple funds across various countries, sectors and vintages, making them accessible with a single commitment and also with smaller tickets. 
 
3. General Partner expertise
 
It’s the nature of our industry that the most interesting managers are nearly inaccessible to investors who don’t have longstanding relationships with these GPs or bring any other special “asset” to the table to position themselves as a beneficial partner. Funds of funds bridge this gap by building these relationships over many years and thus providing also new or smaller investors with access to their typically highly oversubscribed funds. 
 
Also worth noting: According to UBS, the number one concern for private equity investors over the next 12 months is the lack of exits and liquidity. These concerns are consistent with what we also gather from our daily conversations with LPs. 
 
We typically advocate for a nuanced view that takes into account the different segments of the market. While liquidity challenges are significant at the larger end, the lower mid-market historically showed more consistent deal activity and returns due to a wider range of exit-route opportunities, including selling to other funds or strategic investors. 
 
This is exactly our sweet spot as a focused fund of funds providing access to best-in-class lower mid-market buyout managers in Europe and North America. Reach out if you’d like to know more.
 
Chart: UBS Global Family Office Report 2024
 
Link to the study in the comments!

Huge congratulations to our partner Montefiore Investment who has been awarded as Best Mid-Cap Investment Fund at Private Equity Magazine’s 19th Grand Prix Awards! 🍾🥇🙌

Well deserved! Again, a great testament to the exceptional teams we are privileged to be partnering with 🚀

#CapitalWithCharacter

MPEP

COM:MPEP

Munich Private Equity Partners