HarbourVest buys extra €42m commitment in Indigo Capital V
HarbourVest Partners has increased its stake in Indigo Capital V by acquiring €42m of existing investors' commitments, recent filings seen by unquote" show.
HarbourVest is understood to have purchased the entirety of Swiss National Accident Insurance Fund's €25m commitment to the 2007-vintage vehicle, along with West Midland Pension Fund's €12m stake.
The fund-of-funds has also acquired €5m of Deutsche Bank Private Equity's commitment to Indigo's latest vehicle.
The secondaries specialist now has a €57m stake in the €550m fund, building on existing commitments of €15m.
Indigo's mezzanine fund was established in 2007 and targets investments between €10-50m, with larger investments up to €100m considered. The fund has made 22 investments to date, including supplying debt for Alcuin Capital Partners' buyout of Krispy Kreme UK, and for Chevrillon & Associés' and HLD Associés' purchase of Interflora from 21 Centrale Partners.
For detailed information on Indigo Capital V visit our dedicated fund profile on unquote" data.
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