Munich Private Equity Partners Launches Sixth Fund-of-Funds Targeting Lower Mid-Market Buyouts
29 APR, 2025
By Jose Luis Palmer from RankiaPro Europe
Munich Private Equity Partners (MPEP) has announced the launch of MPEP VI, the sixth generation of its flagship fund-of-funds program, reaffirming its strategic focus on primary buyout funds in the lower mid-market segment across Europe and North America. The target volume is set at €350 million, with regional flexibility offered through two separate investment vehicles, giving institutional investors the ability to customize their geographic exposure.
The firm’s latest launch follows the success of MPEP V, which exceeded its initial €300 million target and closed at €440 million in November 2024. Like its predecessor, MPEP VI is classified as an Article 8 product under the Sustainable Finance Disclosure Regulation (SFDR), underscoring its commitment to sustainability integration without index benchmarking.
High-Conviction Manager Selection in a Fragmented Market
MPEP VI continues the firm’s "pure play" approach, focusing exclusively on primary fund commitments.
The decision to consistently continue our strategy in sixth generation and to only moderately increase the target volume despite strong investor demand was a very conscious one. Our aim is not to achieve rapid growth in assets under management, but to unlock the strong return potential of the lower mid-market for our investors through partnerships with best-in-class fund managers
Christopher Bär, Managing Director at MPEP
The strategy excludes co-investments and secondaries to maintain full discretion over manager selection.
The fund is expected to invest in 10 to 12 buyout funds per region, with selection based on consistent outperformance, sourcing advantages, and GP alignment. According to David Schäfer, also Managing Director, performance dispersion in the lower mid-market is notably higher than in large-cap private equity, making manager selection a critical determinant of returns.
Hans-Christian Moritz, Managing Director, highlighted that top-performing managers remain highly selective, often closing their funds within a few months:
Even in the more challenging fundraising environment of recent years, gaining access to managers with differentiated strategies and strong track records remains one of the greatest challenges. The most successful managers continue to reach their hard cap within just two to four months. Securing access to this level of investment quality requires expertise, long-standing relationships, a rigorous selection process and a clear positioning as a reliable partner – which is precisely where our strengths lie.
Hans-Christian Moritz, Managing Director
Since its founding in 2011, MPEP has backed over 100 buyout funds, achieving a 3.6x gross MOIC across 121 realized exits. Its investor base spans pension funds, banks, insurers, family offices, and foundations both in Germany and internationally.
