Anders Invest seeks € 100 million capital round
Anders Invest is growing rapidly: with 25 employees, 18 transactions have been completed in 2021 and a large number of investments are still in the pipeline. Major capital rounds will start in April at the corporate funds in industry and food & agri and the property fund for rental properties. The recruitment target amounts to a total of approximately €100 million in new capital. Value development in the two large, longer-established industrial and rental housing funds is good and the dividend paid has also increased.
The 25 companies in the industrial fund have been hit by the commodities crisis, parts shortages and inflation, but are showing resilience. Despite the turbulence, 2021 was closed with a total performance of 13.9%. The expected effects of the Ukraine war have been included in the valuation in individual cases. Since its inception at the end of 2015, the fund has achieved an average return of over 15% per year. The portfolio companies paid more dividends to the fund, which allowed the dividend to be increased to investors. The industry fund will then have realized an average payment of 8% per year over a period of 7 years. The unique approach and network in the manufacturing industry provide access to new investment opportunities, increasingly as an addition to existing companies. Multiple opportunities are at an advanced stage, kicking off the 9th capital round with a recruitment target of €35 to €40 million. One of these projects is the acquisition of a well-known Dutch consumer products manufacturing company with a turnover of more than €100 million. This will lead to the establishment of a 3rd co-investment fund, for which recruitment has also started.
The rental housing fund, the second largest fund of Anders Invest, also developed well. Satisfied tenants and low vacancy rates ensure good operational results. The fund's total performance in 2021 is over 17%. This brings the average performance since the start of the rental housing fund in autumn 2017 to more than 12% per year. Here too, a significantly higher dividend is paid, bringing the average dividend since the start to more than 3.3% per year. The fund recently invested in more than 600 largely new homes in Groningen and Harderwijk that will be built in 2022 and 2023. The purchase price and the expected return on these new projects are good, which means that an investment in the 6th capital round that has now started has an attractive return/risk profile. The recruitment target is between €25 and €30 million.
The food&agri fund, which was launched in 2021, has so far made five acquisitions, mostly in the field of healthy and sustainably produced food and animal feed. The most recent investment by this corporate fund concerns Service2Fruit, an online platform for the auction of fruit and vegetables. It offers complete transparency for top fruit online, making it easier for supply and demand to find each other. The fund, which is less than 1 year old, realized a value increase of almost 5%. The team has been expanded with two colleagues so that we can work together with the companies on growth and returns, both financially and in the field of sustainability and social impact. There are currently two promising propositions in the due diligence phase. Further acquisitions are expected in the course of the year and therefore the fund is starting to raise for the 2nd capital round of €15-20 million.
Registrations for these 3 capital rounds and the co-investment opportunity close at the end of April. Another round of capital is expected to be launched at the healthcare real estate fund around the summer.
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