DevCo closes its next long-term single-asset fund at hard cap of €300 million

• With the successful closing of DevCo’s fifth long-term single-asset fund, DevCo Partners V, at €300 million hard cap, DevCo further strengthens its position as the largest dedicated single-asset fund manager in Europe.
• The fund was raised almost entirely through commitments from existing investors, with a select few leading European family offices joining as new investors.
• The successful fundraise coincided with the deployment of the predecessor fund, DevCo Partners IV, a single-asset fund now dedicated to building a global category leader in piling and foundation equipment.
• Since its founding in 2014, DevCo has completed four platform investments, reflecting the firm's highly selective, long-term investment philosophy and vision of partnering with exceptional businesses with the ambition of building global niche leaders.

Helsinki, Finland – July 6, 2026 – DevCo Partners (“DevCo”) announced the successful closing of its fifth long-term single-asset fund, DevCo Partners V, at €300 million, bringing the firm's total assets under management to circa €2 billion.

DevCo Partners V reached its €300 million hard cap, while commitments came almost entirely from existing investors, with demand significantly exceeding available capacity and allowing a select few leading European family offices to join the fund as new investors.

The successful closing coincided with the deployment of the predecessor fund, DevCo Partners IV, in building a global category leader in the piling and foundation equipment market by combining three formerly family-owned companies in Finland, the Netherlands and the UK. Through DevCo Partners V, the firm will continue pursuing its vision of building global leaders in fundamentally attractive niche markets.

“Reaching the €300 million hard cap for DevCo Partners V after only a few weeks of fundraising is a strong endorsement of our highly selective investment strategy and the partnerships we have built over the years with the existing DevCo investors. Over more than a decade, we have completed four platform investments, each carefully selected with the ambition of building a global niche leader together with strong management teams and long-term oriented co-owners, often family owners and founders. We are grateful for the continued trust of our investors and look forward to continuing the journey with DevCo Partners V.”

– Otto Kukkonen, Partner at DevCo Partners

More information

Otto Kukkonen, Partner, DevCo
+358 50 346 3487

About DevCo

DevCo is a long-term active owner with a vision to build global niche leaders. Founded in 2014, DevCo has grown to circa €2 billion in assets under management, making it the largest dedicated single-asset fund manager in Europe.

Today, DevCo is an owner in four platform companies: Vexve, the global leader in mission-critical valve solutions; Medix Biochemica, a global leader in critical raw materials for in vitro diagnostics; Bluefors, the global leader in cryogenic measurement systems for quantum technologies; and its most recent platform investment announced today, a leading global supplier of piling and foundation equipment.

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