Paragon Partners raises €1.2 billion for Fund IV

Paragon Partners raises €1.2 billion for Fund IV

Munich-based Paragon Partners has raised €1.2 billion in capital commitments for Paragon Fund IV (P4), representing a 50% increase from the predecessor fund, Paragon Fund III, which closed on €783m in 2019. 

The fund attracted significant commitments from both existing and new investors across Europe, the US and Japan. 

P4 will enable Paragon to further consolidate its position as a leading investment manager focusing on traditional and complex buyouts with enterprise values of up to €500 million. Paragon will continue to apply its proven investment strategy targeting investments in fundamentally attractive mid-sized businesses with significant strategic and operational development potential. 

Paragon is a deeply experienced investor in the German-speaking mid-market, with extensive local networks to access investments and one of the largest dedicated value creation teams active in the market. Since the firm was established in 2004, Paragon has made 37 platform investments, and exited 25 businesses, delivering top quartile performance across all mature funds.  

Rede Partners is delighted to have supported Paragon Partners again as global placement advisor. We extend our warmest congratulations to the whole team at Paragon on the successful raise and look forward to our continued partnership.