Idinvest targets retail investors for new debt fund

Idinvest Private Value Europe II is a follow up on the firm's first retail debt fund, which closed on €65m following the end of the regulated fundraising period. Idinvest is aiming to raise between €50-100m for this second effort in order to meet its initial goal of raising €150m for private debt from retail investors, according to French publication Capital Finance.

The fund will be raising for 14 months. It will have a two-year investment period starting in January 2015 and investors will start receiving distributions in 2020. Total fees are set at 3.2%, including a 2.25% management fee.

Idinvest Private Value Europe II will mainly target mezzanine investments in European SMEs valued in the €50-100m range. The fund will also consider opportunities in the secondary debt market.

Idinvest could not be reached for comment.

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• Topics
• France
• Funds
• France
• IDInvest Partners (AGF Private Equity)