Paragon is pleased to announce Paragon Fund IV with €1.2 billion commitments, a 50% increase from the predecessor fund
We are pleased to announce that the Paragon team has raised Paragon Fund IV (“P4”) with capital commitments of €1.2 billion. P4 significantly exceeds its predecessor fund, which closed on €783 million in 2019. Including the new fund, Paragon has €2.4 billion of equity under management and approx. €1.5 billion of equity available for new investments.
The fund attracted significant commitments from existing investors as well as additional commitments from new investors across Europe, the US and Japan.
P4 will enable Paragon to further capitalise 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 believes that by building companies sustainably, value is created for all stakeholders – the companies themselves, their employees, and customers as well as our investors.
Paragon is one of the leading independent private equity firms in Europe with more than €2.4 billion of equity under management. Paragon works closely with portfolio companies to achieve sustainable growth and operational excellence. The investment portfolio covers various industries and currently comprises 13 companies. Paragon was founded in 2004 and is based in Munich, Germany. For further information please refer to www.paragon.de