Viveris Croissance IV holds first close on €30m

The fund is expected to reach a final close in Q1 2013, and could reach €60m before the end of 2012.

Investors
Investors in the first round include CDC Entreprises, Arkea Equity and regional savings banks, such as Caisse d'Epargne Provence-Alpes-Corse, Ile-de-France, Midi-Pyrénées, Nord-France-Europe and Côte d'Azur. Besides LP commitments, the management team is also heavily invested in the fund. 

As CDC is part of the government initiative FSI France Investissement, Viveris Croissance IV is now a participant in the program as well.

Investments
Viveris is looking to invest €1.5-8m in SMEs in the south-east of France but also in the Ile-de-France region, targeting minority stakes. The first two investments are expected to be made before year-end.

People
Michael Sanguinetti, executive director of Viveris, will manage the fund.

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