New Akina co-investment fund reaches €50m first close

Fundraising for the vehicle is still ongoing, with a final close expected in Q2 2016 at the target size of €150m.

Akina is currently also fundraising for another strategy. In November, the GP held a third close for its Euro Choice VI fund-of-funds on €180m. The vehicle has a target of €300m and is also expected to close in Q2 2016.

Investments
Euro Choice Direct will target small and medium-sized companies in Europe. The investment opportunities will be sourced through Akina's network.

The fund's first investment was the buyout of hotel management education group Swiss Education alongside Invision. The deal was announced in December 2015. Founded in 1982, the company has seven campuses located in Montreux, Caux, Bouveret, Brig, Leysin, Neuchâtel and Lucerne.

People
Thomas Frei is a senior partner at Akina. Ulrich Bolze is a principal at Akina.

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• Topics
• Funds
• Buyout
• DACH
• Co-investments
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• Akina