Newfund Management, the new private equity company created in 2007 by Francois Véron, has held the first close of its maiden fund, Newfund 1, on EUR 63m. Newfund 1 is expected to gather EUR 80m with a hard cap of EUR 100m.
Secondaries activity is recovering from the initial coronavirus-related shock, with good prospects for GP-led secondaries deals
Sale of the drive technology unit saw interest from sponsors including CVC, Triton and Brookfield
AUM bump driven by commitments to CapMan Nordic Real Estate III and CapMan Growth II funds
This round is an extension to an €11m series-B investment raised by the company in July 2019