Argos Soditic closes latest fund on €400m hard cap

According to the GP, the fund was heavily oversubscribed and commitments from new investors had to be scaled back considerably. The vehicle was launched at the end of May 2010 with a target of €360 million, and with the intention of holding a first close before year end. Argos raised the fund internally, without the use of an external placement agent.

The sixth fund of the Euroknights family will apply the same strategy as its predecessors by targeting small and mid-market European companies, predominately in France, Italy and Switzerland.

Fund VI received commitments from roughly 30 investors, including pension funds (45%), sovereign funds (20%), insurance companies (10%), funds of funds (20%) and family offices (5%). The majority of investors are European, though 25% of the fund comes from US institutions and more than 10% of commitments come from Asia, Australia and the Middle East. More that 90% of existing investors re-invested in the new fund.

The unquote" team is currently researching this event. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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