Buyout
NORWAY - HitecVision V closes on $800m hardcap
HitecVision has received commitments of $800m for HitecVision V L.P, closing on its hardcap. The fund far exceeded its $600m target and was significantly oversubscribed. The vehicle has a 10+1+1 lifespan with a 5 year investment period.
EUROPE - New fund Vitruvian closes on EUR 925m
New middle-market private equity firm, Vitruvian Partners, has closed its maiden fund, Vitruvian Investment Partnership (VIP), on EUR 925m, exceeding its EUR 900m target.
FRANCE - Pragma Capital closes second fund on EUR 345m
Pragma Capital has closed its second fund Pragma II on EUR 345m. The fund exceeded its target by EUR 45m. It will seek to invest between EUR 10m and 35m in companies with a value of between EUR 50m and EUR 250m.
ITALY/SPAIN - Investindustrial reaches final closing on EUR 1bn
Investindustrial has reached the close of its fourth fund, Investindustrial IV LP, on EUR 1bn, EUR 200m over the initial target. The fundraising was completed in a record three month period.
FRANCE – Pechel holds second close of fund on EUR 101m
Pechel Industries Partenaires has held a second close of new fund Pechel Industries III on EUR 101m. The fund will be used to invest in development capital and LBOs in small to mid-sized French companies with equity commitments of EUR 7-20m per deal.
ITALY/FRANCE - 360° Capital closes fund on EUR 100m+
360° Capital Partners has announced the closing of its latest vehicle on over EUR 100m.
UK - Lyceum Capital closes second fund above target on £255m
Lyceum Capital has closed its second fund £55m above its £200m target on £255m. Lyceum Capital Fund II will invest, alongside management, in mid-sized UK-headquartered service companies. This is the first fund that Lyceum has raised since its buyout...
FINLAND - Pohjola Private Equity holds second close on EUR 119m
Finnish Pohjola Private Equity has held a second close on its first fund-of-funds on EUR 119m, exceeding its target of EUR 100m.