PE Firm Exponent Raises More Than €1 Billion for Flagship Fund

European private equity firm Exponent has raised more than €1 billion ($1.2 billion) for its latest flagship fund focused on mid-market investments.

Exponent Private Equity Partners V has reached a final close that’s 20% above its initial target, according to a statement reviewed by Bloomberg News. It secured commitments from global investors including pension funds, endowments, sovereign wealth funds and family offices.

The latest flagship fund has completed four investments so far including in European generic and veterinary pharmaceutical firm Chanelle Pharma and data center design company Ethos Engineering. It’s also invested in Kingsbridge Healthcare Group, Northern Ireland’s largest private ...