21 Investimenti III holds final close on €343m

The fund held a first closing on €220m in February 2015, garnering investment from new and existing investors.

The final closing of 21 Investimenti III comes shortly after 21 Partners' Polish branch, 21 Concordia, closed its debut fund on €100m. In France, 21 Centrale Partners is launching its fifth vehicle having recently closed the investment phase of 21 Centrale Partners IV with the acquisition of Impact, a French company active in the operational marketing sector.

Investors
At close, 21 Partners' latest Italian fund is 21% larger than its predecessor, unquote" understands. According to 21 Partners, over 50% of the LPs in the new fund come from outside Italy.

Investments
21 Investimenti III pursues the same strategy as the GP's previous vehicles, investing in Italian SMEs with EVs ranging from €50-200m.

The fund has already completed investments in SIFI, an Italian pharmaceutical treatments, industry and equipment provider for the eye-care sector and an Italy-based manufacturer of tailored backsheet film for hygienic disposable products, Poligof.

People
21 Partners – Alessandro Benetton, Gérard Pluvinet (founders, managing partners).

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