MPE International 9

MPE International 9 is a traditional, closed-end private equity fund-of-funds designed for long-term retail investors. It offers no liquidity during its term—investors are locked in until 2040, with distributions expected to begin in 2034. The fund focuses on buyouts and growth equity, primarily in North America and Europe, and builds its portfolio through 30–50 institutional-grade PE funds.

Unlike semi-liquid offerings, MPE9 follows a reinvestment strategy: proceeds from exited investments are recycled into new commitments, aiming to keep capital efficiently deployed. There is no structural leverage; short-term credit lines may be used for liquidity management, but the fund does not use debt to enhance returns.

The target IRR is 7.5% net of fees over the 16-year horizon—reasonable, but conservative relative to historical buyout fund benchmarks. Fees are in line with industry norms, with a 5% entry load, a ~2.0% management fee, and a 10% performance fee above a 6% hurdle, resulting in an all-in cost of around 3.3% per year.

This fund is best suited for patient investors seeking institutional-style diversification, and who are comfortable trading flexibility for long-term access to private equity.