PAI Partners has transferred the two remaining assets from its fifth fund to a new vehicle that is roughly €2bn in size, realising liquidity for the firm and some of its LPs.
Amanda Good joins from Hg as partner; she has prior experience with Bain & Company
New fund is more than double the size of its €550m predecessor, IK Small Cap II Fund, which is now almost fully invested
Company intends to launch a new round of funding later this year, with the goal of raising around $250m
Private debt fund focuses on lower-mid-market companies; its predecessor closed on €706.5m in 2018