• Moonfare closes second-generation co-investment fund at $83 million within 12 months.
• 43% increase on previous vintage reflects continued demand for curated exposure to private equity from eligible individuals and family offices.

Global private equity platform Moonfare today announces the close of its second-generation co-investment fund, Moonfare Co-Investment Fund II ("MCF II"), at $83 million, exceeding its target in just 12 months.

This represents a 43% increase on the previous vintage, Moonfare Co-Investment Fund I (MCF I). The successful fundraise reflects the continued investor demand for carefully curated exposure to private equity co-investments, alongside investor confidence in Moonfare and its proposition.

Founder and Co-CEO Steffen Pauls said: “As private markets evolve and performance increasingly diverges between the best fund managers and the rest, investors are becoming more discerning. This is not just the case for institutional LPs – it is a trend we are seeing clearly in the private wealth channel. This close reflects investor confidence in our curated and selective approach to deliver strong returns.”

MCF II attracted commitments from a broad base of eligible investors across more than 20 markets. Investors included individuals, single family offices, and smaller institutional investors, with particularly strong demand in Germany, the UK, the Netherlands, and the US.

Philip Meschke, Head of Private Equity, added: “We have a robust pipeline of opportunities for MCF II, driven by our relationships across established firms and with a leading set of emerging managers generating outsized returns in their niches. In a period of increasing dispersion, we remain highly selective in constructing a diversified portfolio for MCF II. We are proud to be able to offer our investors opportunities that would typically only be available to institutional investors.”

Building on the successful strategy of MCF I, the fund is managed by Moonfare’s experienced investment team and dedicated co-investment committee. MCF II is already 30% invested in deals alongside Hg, Vista and EQT. It will continue deploying capital progressively, targeting 12-15 co-investments primarily in North America and Europe across sectors including tech, financial and business services, healthcare, consumer and industrials.

The third generation Moonfare Co-Investment Fund III ("MCF III") is expected to launch in the next 12–18 months.