Akina’s Euro Choice Secondary holds €73.5m first close

The fund has a target of €200m. It was launched in the fourth quarter of last year and is understood to be aiming for a final close within the last quarter of this year.

Akina also recently held the final close for its Euro Choice V – its fifth fund-of-funds – on $372m. Despite being on the road for 18 months, the fund was unable to reach its €600m target.

Investments
The fund will focus on the European mid-market, targeting smaller deals within the €5-30m range across Europe. According to Akina, it has already deployed most of the capital raised in new investments, resulting in a valuation uplift of more than 2x money drawn.

ECS's investments are in funds that are mostly drawn and are invested in the healthcare, energy, food, infrastructure and real estate sectors.

People
Christian Böhler is a principal and head of secondary funds at Akina.

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