Ouest Ventures to launch EUR50m fund

According to reports, Ouest Ventures is to launch its second fund in November with a target of EUR50m.

Returning regional funds from the Brittany and the Loire regions will invest in the second fund, committing close to EUR4m each, while Caisse des Depots will invest EUR8m and Credit Agricole, Caisses d'Epargne, Credit Mutuel and Banque Populaire will jointly invest EUR14m.

The second round of financing will be opened to high-net-worth individuals with minimum subscriptions set at EUR500,000. The GP will also seek to open the fund to other institutional investors.

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