123Venture launches €100m mezzanine fund
123Venture has launched a new mezzanine fund, Trocadero Capital & Transmission II, with a €100m target.
The FCPR will be operated by 123Venture's new arm Trocadero Capital, which was launched to focus on institutional investors while 123Venture mainly manages retail vehicles.
123Venture will commit €7m to the fund, while the remainder will be provided by institutional clients.
Investments
Trocadero Capital & Transmission II will provide mezzanine funding to French SMEs.
People
Philippe Bruneau will manage the fund for 123Venture.
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