Isatis Capital has held a first close on €42m for its Crescendo fund, launched earlier in November.
The fund was launched on 9 November and is an FPCI-type fund based in France - it is the first fund targeting institutional investors launched by Isatis. The GP said it would subsequently hold a second...
Deal marks the second bolt-on for the business, following the acquisition of Swiss diagnostic imaging provider IRD
Deal marks the second investment made from the GP's 2016-vintage sixth vehicle, which closed on £660m
Acquisition is the company's first out of two planned for this year with ActoMezz's backing
Total commitments for the fund fell some way short of the vehicle's €350m target and €400m hard-cap