Investment Firm IK Partners Successfully Secures €2 Billion for Fourth Small Business-Focused Investment Fund
IK Partners Announces Successful Close of €2 Billion Small Cap IV Fund
IK Partners, a leading European private equity firm, has announced the successful close of its IK Small Cap IV Fund (IK SC IV) at its hard cap of €2 billion. This marks a significant milestone for the firm, reflecting strong investor demand and confidence in IK Partners' investment approach.
The IK SC IV fund aims to invest in growing businesses with enterprise values between €80 million and €200 million, focusing on IK Partners' core sectors of Business Services, Healthcare, Consumer, and Industrials. The fund also includes a dedicated €600 million Development Capital pool, targeting smaller companies valued between €20 million and €80 million.
Since launching its Small Cap strategy in 2015, IK Partners has completed 56 transactions across four funds. The firm has realized over €2.1 billion in proceeds from these investments, representing a money multiple of 3.1x on 25 exited investments. The IK SC IV fund is expected to continue this trend, with early indications showing the fund has already made its first investment and plans to continue deploying capital in the stated sectors and size ranges.
The investor base for IK SC IV is global, with 71% of commitments from the EMEA region, 18% from North America, and 11% from Asia. Notably, 80% of the capital raised for the fund was from existing investors, underscoring sustained confidence in IK Partners’ strategy.
Commenting on the fund's success, Mads Ryum Larsen, Managing Partner and Head of Investor Relations at IK Partners, said, "We are well-positioned to continue supporting ambitious businesses and creating long-term value across our portfolio." Christopher Masek, CEO of IK Partners, added, "We are grateful to our investors for contributing to the successful close of IK SC IV, our largest fund to date."
In addition to the IK SC IV fund, IK Partners has also closed over €6 billion in commitments in recent years, including the €505 million IK Strategic Opportunities I Fund in April 2024 and the €3.3 billion IK X Fund in April 2025.
| Aspect | Details | |----------------------------|--------------------------------------------------------| | Fund Size | €2.0 billion | | Launch Date | Closed July 2025 | | Investment Targets | Companies with €80m-€200m enterprise value; Development Capital pool for €20m-€80m EV | | Core Sectors | Business Services, Healthcare, Consumer, Industrials | | Development Capital Amount | €600 million | | Track Record Since 2015 | 56 transactions; €2.1 billion realized; 3.1x money multiple on exits | | Investor Base | 71% EMEA, 18% North America, 11% Asia; 80% existing investors |
This demonstrates IK Partners’ focused approach on European small-cap growth companies complemented by a Development Capital component for earlier-stage firms, leveraging a strong performance history with substantial investor backing.
IK Partners, a leading European private equity firm, has successfully closed its IK Small Cap IV Fund (IK SC IV) at €2 billion, demonstrating strong investor demand and confidence in IK Partners' finance and business expertise. The IK SC IV fund aims to invest in growing businesses across Business Services, Healthcare, Consumer, and Industrials sectors, with a dedicated Development Capital pool for companies valued between €20 million and €80 million.
