Investindustrial has launched a lower-mid-market fund with a €375m target, which will be managed by senior principal Roberto Ardagna and is expected to hold a final close in July 2018, according to a source close to the situation.
Gyrus is fundraising for both its open-ended Cortex Fund and closed-ended Principal Fund
Fund targets companies operating in a wide range of sectors and deploys tickets in the $50-500m range
Predecessor vehicle PEC III closed on $389m in October 2017 and is now fully deployed
Arlington expects to put fresh capital into the business and grow it through acquisitions