Funds
Riello Investimenti launches €150m debt fund
Fund is larger than its predecessor, Impresa Italia Private Debt I, which raised €70m in 2016
CVC closes fifth Asia-Pacific fund on $4.5bn
Both new and returning institutional investors participated in the fundraise for the Asia fund
FVS launches €75m second fund
Fund targets minority stakes in companies based across the north-east of Italy, with revenues of €10-200m
CDP Venture Capital invests €21m in Primo Space Fund
Fund has an €80m target and invests in seed, series-A and series-B rounds in the space technology sector
Gilde Healthcare V close on $450m hard-cap
Legal advice was provided by a team from Jones Day led by partner Quirine Eenhorst
Main Capital launches restructuring fund for Covid-19 crisis
Fund is dedicated to UTP exposures and is composed of a credit section and a finance unit
Revo Capital Fund II holds first close on €40m
Domiciled in the Netherlands and structured as a BV, the fund has a 2% management fee
Preservation Capital Partners Fund I holds first close
To date, PCP I has mainly institutional investors from both North America and Europe
Generalitat Valenciana to launch €200m coronavirus fund
A private equity firm will be selected by the Institut Valencià de Finançes to manage the new vehicle
Lilium raises $240m in series- C funding round
Aviation startup has so far raised more than $340m
Integral holds first close for debut fund
LP base currently includes institutional investors, as well as regional and international entrepreneurs
PHI Industrial launches €50m third fund
Fund will target European companies requiring management changes and a restructuring strategy
Arcano Capital XII fund-of-funds raises €200m
GP expects to hold a final close on target by the end of June 2020
Arcano launches €300m impact investing fund-of-funds
Arcano Impact Private Equity Fund will target European and US funds with a focus on impact investing
Alantra launches €150m energy transition fund
Clima Energy Transition Fund will acquire minority stakes in European energy transition companies
LSP closes sixth fund on $600m
Fund invests in European companies developing new medications and medical technologies
Sparkmind holds first close for debut ed-tech fund
KRR III and Finnish Industry Investment back the fund as cornerstone investors
Activa Capital to launch €200m fourth fund
Activa Capital IV will invest in French companies operating in the B2B services industry
BGF and Coutts announce UK Enterprise Fund
Specific initiatives and programmes will be put in place to support female-led businesses
Frontline closes FrontlineX fund on $80m
Frontlinex has already made investment in TripActions’ series-B and People.AI’s $100m series-C
Enern nears close for VC fund, on road for growth vehicle
While the VC fund is largely committed, Enern is still open to hearing from interested parties
Innovestor holds first close for industrial fund
Fund has a focus on sectors benefiting from the fourth industrial revolution
Lakestar holds final closes totalling $735m
Lakestar Growth I will target late-stage rounds, while Lakestar III will focus on early-stage
Vespa Capital closes third flagship fund on £150m
Simmons & Simmons provides legal advice, while Houlihan Lokey acts as placement agent