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MPE International 9
Key Statistics
Fund Size
€100M
Target Return
7.9%
Launch Year
2025
Min. Investment
€5,000
Availability
Open for public
Structure
German Closed-end Investment KG
Product Category
Closed-end
Domicile
Germany
GP Type
Multi
Liquidity Level
Low (5+ years)
Management Fee
1.9%
Carry
Performance-related fee (see prospectus)%
High Water Mark
No
ISIN
DE000A40CQG0
Currencies
EUR
Investor Eligibility
Retail
Liquidity Options
No redemption options
Highlights
Key Information Document (KID) – EU Funds
KID Risk Indicator
6 out of 7
Annual Returns (KID Scenarios)
Stressed
-4.06%
Moderate
5.24%
Favorable
7.9%
Average Total Cost Level (KID)
3.1%
Allocations
Investment Strategy
Industry Focus
Portfolio Composition
Information about fund
Private Equity for German Savers, From €50 a Month
MPE International 9 is the current retail fund-of-funds from Munich Private Equity, the Oberhaching group formerly known as RWB that has given German savers access to private equity since 1999. It is a German closed-end Investment-KG under BaFin supervision that commits to dozens of institutional buyout funds in the lower mid-market of North America and Europe. By July 2026 it had gathered more than €100 million from investors and already held stakes in 39 target funds and over 130 companies; the placement period runs until 30 June 2027. Its predecessor, International 8, closed at €201 million from 9,100 investors, built a portfolio of 51 funds and 250-plus companies, and had sold 13 holdings at an average of 3.15 times cost before fees.
Key Figures (July 2026)
Subscribed
€100M+
Placement until 30 Jun 2027
Target Funds
39
130+ portfolio companies
Minimum
€5,000
Or €50/month savings plan
Term
To 2040
+ up to 4 years; recommended 15 yrs
Running Costs
1.7–2.1%
Entry costs up to 17.9%
KID Moderate
5.2% p.a.
Lump sum; optimistic 7.9%
Costs and Scenarios
The pitch is access and diversification for small tickets: €5,000 as a lump sum or €50 a month in a savings plan, with three share types for lump-sum, instalment and combined payment. The price of that access is cost. The August 2026 KID stipulates one-off entry costs of up to 17.9% of the commitment, management and other running costs of 1.7% to 2.1% a year and a performance-related fee, for a total cost drag of 2.1% to 3.1% a year over the recommended 15-year holding period. In the moderate scenario the KID assumes 5.2% a year net for a lump sum, 7.9% in the optimistic case and -4.1% under stress.
Terms (KID, 1 August 2026)
| Legal form | German closed-end Investment-KG (Publikums-AIF); AIFM Munich Private Equity Funds AG, BaFin-regulated |
| ISINs | Type A DE000A40CQG0, Type B DE000A40CQH8, Type C DE000A40CQJ4 |
| Strategy | Fund of funds; lower mid-market buyouts, North America and Europe; 39 target funds so far |
| Entry costs | Up to 17.9% of the commitment (incl. agio and set-up) |
| Running costs | 1.7–2.1% p.a. management and administration; 0.2% transaction costs |
| Performance fee | Performance-related fee per prospectus |
| Liquidity | None; basic term to 31 Dec 2040 (+4 years possible) |
| Predecessor | International 8: €201m, 9,100 investors, 51 funds, 13 exits at 3.15x before fees |
Who It Suits
There is no redemption facility: the fund’s basic term runs to 31 December 2040, extendable by up to four years, and distributions arrive as the underlying funds sell companies. For a German retail investor who wants genuine institutional private equity exposure in a savings-plan format, MPE is one of very few options; for anyone with €100,000 or more, cheaper routes exist.
Deepdive & Related Funds
MPE International 9 Deep Dive: Classic Fund of Funds (Dachfonds)
MPE International 9 is a classic closed-end private equity fund-of-funds offering long-term investors access to institutional-quality buyout and growth funds.
MPE Direct Return 6
MPE Direct Return 6 is Munich Private Equity’s shorter-cycle fund-of-funds, now closed: a BaFin-regulated German closed-end Investment-KG that invests in private equity funds already substantially invested, so distributions can begin from 2029 with the basic term ending in 2035. Entry costs 9.9%, running costs 2.14% a year, performance fee above a 5% hurdle; KID moderate scenario 3.8% a year net, risk 6/7. No early exit.
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