Pamplona Capital Management this months held a first close of €1.3 billion (US$1.8 billion) on its second private equity fund, Pamplona Capital Partners II. The fund will invest in leveraged buyout opportunities in Europe with an emphasis on emerging European growth opportunities.
“We have delivered outstanding returns with our first Private Equity fund, and our second fund will to continue to stick to its value oriented strategy,” said Alex Knaster, chairman and chief executive officer of Pamplona Capital Management. “Together with our products in the fund of funds and hedge fund space, this fund offers a broader range of exciting investment opportunities to Pamplona’s investors including controlling stakes in private and public European companies.”
Pamplona Capital is a London-based alternative investments firm. It was established at the end of 2004 and manages over US$3 billion in private equity funds, hedge funds, and funds of hedge funds.