Idinvest launches mezzanine fund
Mid-market European private equity firm Idinvest Partners has launched the Idinvest Private Value Europe fund.
The fund will focus on mezzanine investments in mid-market European companies, but will also target the secondaries market.
The fund has a target of €150m.
Investors
The fund will primarily target institutional and private investors, but retail investors are also able to invest in the vehicle as a result of an agreement granted by the French securities regulator.
Non-sophisticated investors will be sourced from the network at Oddo & Cie investment bank.
Investments
The fund has a target of €150m and will focus on mezzanine investments in mid-market companies, aiming to see returns of 10%. The fund will also invest in the secondaries market.
The vehicle will be open for subscription from 30th April 2012 until 30th June 2013 and will invest over a 12-18 month period.
People
Idinvest Partner rançois Lacoste is head of mezzanine investments at the firm. Christophe Bavière is CEO of Idinvest Partners.
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