N+1 downsizes EQMC

N+1 has downsized its EQMC fund by 30%. The EUR250m fund, which invests in SMEs across Europe, was constituted in 2007 but to date has only been able to complete three investments and one exit.

Meanwhile, Dinamia, an N+1 listed vehicle, has become the 14th member of Listed Private Equity (LPEQ), an initiative launched to increase awareness and understanding of the asset class. Dinamia was listed on the Madrid Stock Exchange in December 1997 and is the only listed private equity firm headquartered in Spain. The vehicle invests in unquoted companies valued at EUR50-300m, with a focus on Spain and Portugal.

LPEQ was launched in 2006 as iPEIT. Its members include: Conversus Capital, Deutsche Beteiligungs, Dunedin Enterprise Investment Trust, Electra Private Equity, F&C Private Equity Trust, Graphite Enterprise Trust, Hg Capital Trust, JP Morgan Private Equity Limited, New Star Private Equity Investment Trust, Pantheon International Participations, Princess Private Equity Holding Limited, Standard Life European Private Equity Trust and SVG Capital.

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