EdRip planning to raise extra €500m by 2017

Greg Gille
@unquotenews
31 January 2013

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French GP Edmond de Rothschild Investment Partners (EdRip) is planning to close its latest healthcare fund on €200m in 2013 and raise two new growth capital vehicles within the next four years.

EdRip held a first close for its healthcare-focused BioDiscovery 4 fund on €125m in July last year. The GP stated the fund was due to hold a €200m final close shortly.

In addition, EdRip is reportedly planning to start marketing its mid-cap growth capital vehicle Winch Capital 3 in 2013, hoping to attract at least €250m. The fund's predecessor, Winch Capital 2, closed on its €250m hard-cap in 2009.

The GP will also look to start raising its new small-cap growth capital vehicle Cabestan Capital 2, according to French publication Capital Finance. EdRip is understood to be trageting a €120-150m close.

These various fundraising efforts would see the GP raise an additional €500m by 2017. Founded 10 years ago, EdRip currently has around €1bn of assets under management.