Dutch pension fund PGB Pensioendiensten has appointed Aberdeen Standard Investments (ASI) as a partner, in a bid to invest €500m in private equity funds targeting small and mid-sized European enterprises.
TCA forms part of the shareholding of France-headquartered asset manager Tikehau Capital
MD Start, which is a group of three funds, was started by Sofinnova Partners in 2010
Sale ends a four-year holding period for the GP, which bought the company via its BCPE Fund II
Fund has a growth equity strategy, and enables the firm to make minority investments of $50-150m