Impala Capital fails to meet target

It is understood that Spain's Impala Capital Partners has failed to reach the minimum funds required in the structure of its second fund.

In June last year, the firm announced it had reached the interim closing of its fund on EUR150m and was expecting to reach a final closing in June this year. However, industry sources claim that the GP has only raised EUR75m and could be faced with changing the fund and managing structure.

Impala launched its second fund in 2007 with an initial target of EUR400m. The fund later lowered its target to EUR300m.

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