Deutsche Beteiligungs has closed its eighth flagship fund raising more than €1.1bn in capital after accepting new investors in recent weeks following the first round of subscriptions in December 2019.

The German-listed private equity group said 86% of capital commitments came from existing investors. The fund, which has surpassed its predecessor that closed in 2016 at €1.01bn, will invest between €40m and €100m in German companies valued at around €75m to €250m. Some investments may be made in neighbouring countries of Austria and Switzerland, the firm said. Alongside the investors, which include pension funds, family offices and insurance companies, DBAG has co-invested €225m.