France-based fund-of-funds and secondaries investor Mantra Investment Partners has held a final close for its latest secondaries-focused vehicle, Mantra Secondary Opportunities II (MSO II), on its €120m hard-cap.
New firm will target lower-mid-market enterprise and financial technology businesses in Europe
Previous round for France-based fintech startup PayFit was a €14m series-B in 2017
ECM will use equity from its German Equity Partners V fund, which closed on €325m in June 2018
GP invests from its €2bn fund Investindustrial VI, which targets European mid-market companies