Italian state-backed investor Fondo Italiano d'Investimento (FII) has announced it will launch two new funds-of-funds, Private Equity II (FoF PE II) with a €600m target, and Venture Capital III (FoF VC III) with a €200m target.
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Previous backer Cambridge Enterprise and newcomer Future Care Capital also take part in the funding
Jadeberg will invest the proceeds of divesting its second fund on a deal-by-deal basis
Founder Olaf Schmitt and his management team retain a significant stake alongside Kieger