Waterland has successfully closed two new funds, raising a total of 4.6 billion euros.
The funds – Waterland Private Equity Fund X (WPEF X) and Waterland Partnership Fund II (WPF II) – reached their maximum capacity just four months after launch, exceeding their targets.
WPEF X secured 4 billion euros, while WPF II raised 600 million euros. The fundraising attracted strong interest from a broad and internationally diverse investor base, reflecting confidence in Waterland’s strategy and track record.
Active in both the Netherlands and Belgium, Waterland emphasized that the new funds provide the scale and flexibility to support portfolio companies throughout their growth journeys and continue delivering value to investors.
“With WPEF X and WPF II, we have the resources to drive both organic growth and growth through acquisitions, ensuring sustained value creation for our investors”, said Marc Lutgen, Head of Investor Relations at Waterland. The investor base includes pension funds, asset managers, insurers, sovereign wealth funds, foundations, and family offices from Europe, North and South America, Asia, and the Middle East.
WPEF X, the tenth fund in Waterland’s flagship strategy, focuses on investing in European companies operating in fragmented growth markets.
Cedric Van Cauwenberghe, Group Managing Partner at Waterland, added, “In deploying this new capital, we will continue to collaborate with ambitious entrepreneurs to accelerate growth in fragmented European markets.”
The successful fundraising underscores Waterland’s ability to attract global capital and its commitment to fostering long-term partnerships with businesses across its core regions.


