NPM Capital, a Dutch private equity fund, has had a bumper half-year to date registering gains worth €141m ($129m) after tax at a time when other houses have complained about the struggle to exit investments.

The Dutch fund, which invests mainly in unquoted companies, exited seven of its private equity investments. It sold a further 12 investments in listed companies, two of which were partial divestments where NPM just reduced its stake.