Italian private equity firm Clessidra has held a €320m first close for Clessidra Restructuring Fund (CRF), its first vehicle dedicated to bank credits, with a special focus on unlikely to pay (UTP) exposures.
Planned exit comes six years after software investor Gro Capital invested €6m in Trifork for a 20% stake
Fund makes primary and secondary investments in venture capital funds and co-investments in select portfolio companies
Macquarie Capital acquired PTSG in a take-private in 2019 and is reinvesting in the new buyout
GP backs the company via its fund Wisequity V, which closed on its €260m hard-cap in July 2019