Inflexion has invested in CloserStill through its Partnership Capital fund, alongside existing backers NVM Private Equity, enabling Phoenix Equity Partners to exit the business.
Managing director Craig Ferguson discusses accelerated deployment activity during the pandemic and plans to scale up the PE allocation by 2025
Fund has a target of $600m, which it plans to reach by next year, according to Kommersant
Existing investors including Institut Català de Finances also take part in the financing
Biotech company initially raised €12m in December 2018