ActoMezz closes second fund on €210m

The vehicle had reached a first close on €150m in September last year and the GP was aiming to ultimately raise €200m. ActoMezz's previous vehicle closed on €187m in 2008.

ActoMezz, which has been the mezzanine arm of the ACG Capital Group since being carved out of insurer Groupama at the beginning of 2013, stated it had been able to retain the support of historical investors such as BPI France, AG2R La Mondiale and OFI Asset Management at the time of the first close. It also attracted new LPs, including the European Investment Fund.

Investors
Overall, previous ActoMezz backers and new LPs contributed equally to the vehicle. Acto Mezzanine II mainly attracted institutional investors such as insurance companies, funds-of-funds and banks. It also received commitments from family offices and high-net-worth individuals.

Investments
ActoMezz will keep to its existing strategy, investing mezzanine and minority equity in French SMEs. The fund will consider sponsorless mezzanine investments.

Individual tickets will range from €5-45m, for business with enterprise values in the €20-150m range. The fund has already made eight investments to date, including four completed at the time of the first close last year.

People
Stéphane Bergez heads the ActoMezz team of six professionals.

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