Netherlands-based Van Lanschot Kempen Investment Management said its third European private equity strategy has closed at €388 million.

“After a very successful first closing on March 23, the final subscription round was only open from March 24 to April 11,” said the firm.

“This provided clients who had already expressed their interest the opportunity to invest.

“The strong interest demonstrates that private banking clients in the Netherlands, Belgium, and Switzerland are drawn to non-listed investments to diversify their portfolios.

“The strategy consists of the Kempen European Private Equity Fund III for private banking clients in the Netherlands and Switzerland, and the MercLan European Private Equity Fund for clients of Mercier Van Lanschot in Belgium.

“Van Lanschot Kempen expects to further expand the ongoing offering of new private equity solutions in the near future to meet the demand from clients for this type of investment.”