French growth capital specialist Elaia Partners is understood to have secured €45m of commitments for its new seed vehicle Elaia Alpha.
The GP is looking to ultimately raise €50-60m, according to French publication Capital Finance. Elaia currently manages more than €80m through Elaia Ventures, its own FCPR fund closed on €45m in...
LP has previously made investments in CVC's European funds, as well as many mid-market funds
First funding round will support the group's expansion overseas
Shares are placed at €31.60 apiece, which would bring total proceeds up to €411m
Allianz will secure a minority stake, and a representative will join the management board