Alto Partners holds first close

The private equity house has a target of €120m for the final close, expected in 6-9 months.

Investors in Alto's previous fund have been joined by new investors, including the government-backed Fondo Italiano di Investimento. Alto is currently approaching potential new investors to the fund, including national and foreign institutional investors.

Alto's second fund closed in 2007, raising €165m, and has been almost fully invested. It is expected to announce its final investment this month.

Investments
The fund will focus on investments in SMEs with turnover between €20-100m. Focus areas will include clothing retailers, the services sector and food producers.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe
• Buyout
• Italy
• Alto Partners