Alto Partners hits €152m second close for fourth fund

Amedeo Goria
24 October 2017

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Italian private equity firm Alto Partners has reached a second close on €152m for its fourth fund, Alto Capital IV.

Launched in early 2017 with a €200m initial target, Alto Capital IV held a €103.5m first close in April 2017 and aims to reach its final close by the end of the year. According to a statement, the GP manages its fundraising activity in-house.

The GP has already completed a first investment via its fourth vehicle, as it acquired a 72% stake in personal care business Tricobiotos in June 2017. Prior to that, the GP's third fund inked its eighth and last investment in May 2017, acquiring a 70% stake in Venice-based food products manufacturer Ro Mar.

Investors
The fund has attracted commitments from 54 investors to date, of which 55% are institutional investors and 32% are international LPs.

Investments
The fund targets majority and minority investments across Italian SMEs, mainly based in the northern regions of the country and with revenues within the €20-80m bracket. Furthermore, the GP focuses its investment strategy towards the food and beverages, consumer goods, luxury items, fashion, design, industrial mechanics, electro mechanics and services sectors.

People
Alto Partners – Stefano Scarpis (chair, founding partner); Raffaele de Courten (founding partner, director); Mario Visioni (partner).